Top Dividend Stocks To Consider In November 2024

As global markets navigate a landscape marked by geopolitical tensions and economic shifts, U.S. indexes have approached record highs with broad-based gains, buoyed by strong labor market data and positive home sales reports. In this context of economic resilience, dividend stocks can offer investors a blend of income and potential growth, making them an appealing option for those seeking stability in uncertain times.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Guaranty Trust Holding (NGSE:GTCO)	6.98%	★★★★★★
Peoples Bancorp (NasdaqGS:PEBO)	4.54%	★★★★★★
Tsubakimoto Chain (TSE:6371)	4.26%	★★★★★★
CAC Holdings (TSE:4725)	4.62%	★★★★★★
Padma Oil (DSE:PADMAOIL)	6.60%	★★★★★★
Financial Institutions (NasdaqGS:FISI)	4.46%	★★★★★★
James Latham (AIM:LTHM)	6.73%	★★★★★★
Citizens & Northern (NasdaqCM:CZNC)	5.56%	★★★★★★
Premier Financial (NasdaqGS:PFC)	4.45%	★★★★★★
Banque Cantonale Vaudoise (SWX:BCVN)	4.93%	★★★★★★

Click here to see the full list of 1964 stocks from our Top Dividend Stocks screener.

Let's review some notable picks from our screened stocks.

Nacity Property Service GroupLtd (SHSE:603506)

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Nacity Property Service Group Co., Ltd. provides real estate property management services in China and has a market cap of CN¥1.74 billion.

Operations: Nacity Property Service Group Co., Ltd. generates its revenue through the provision of real estate property management services in China.

Dividend Yield: 3.7%

Nacity Property Service Group Ltd. has maintained stable dividend payments, covered by both earnings and cash flows with payout ratios of 50.2% and 51.6%, respectively. Despite a recent decline in net income to CNY 60.32 million for the nine months ending September 2024, its dividend yield remains competitive at 3.68%, placing it in the top quartile of CN market payers. The stock's price-to-earnings ratio suggests good value relative to peers and industry averages.

• Dive into the specifics of Nacity Property Service GroupLtd here with our thorough dividend report.
• The valuation report we've compiled suggests that Nacity Property Service GroupLtd's current price could be quite moderate.

Cheng De Lolo (SZSE:000848)

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Cheng De Lolo Company Limited manufactures and sells plant protein beverages with a market cap of CN¥9.33 billion.

Operations: Cheng De Lolo Company Limited generates its revenue primarily from the Vegetable Protein Beverage segment, accounting for CN¥3.08 billion.

Dividend Yield: 4.3%

Cheng De Lolo's dividend yield of 4.34% ranks in the top 25% within the CN market but is not well covered by free cash flows, with a high cash payout ratio of 101.3%. Despite trading at a discount to estimated fair value and relative peers, the company's dividends have been volatile and unreliable over the past decade. Recent earnings showed sales growth to CNY 2.16 billion, though net income slightly declined compared to last year.

• Get an in-depth perspective on Cheng De Lolo's performance by reading our dividend report here.
• The analysis detailed in our Cheng De Lolo valuation report hints at an deflated share price compared to its estimated value.

Dirui IndustrialLtd (SZSE:300396)

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Dirui Industrial Co., Ltd. focuses on the research, development, production, and sale of medical inspection products in China with a market capitalization of CN¥4.47 billion.

Operations: Dirui Industrial Co., Ltd.'s revenue primarily comes from its Medical Instruments segment, which generated CN¥1.50 billion.

Dividend Yield: 3%

Dirui Industrial Ltd. offers a dividend yield of 3.02%, ranking in the top 25% of CN market payers, though its dividends have been volatile and not well covered by free cash flows. Despite a reasonable payout ratio of 58.4%, earnings are insufficient to ensure sustainability without adequate cash flow support. The company reports increased sales to CNY 1.18 billion for the first nine months of 2024, yet net income declined, reflecting potential challenges in dividend reliability and growth prospects.

• Navigate through the intricacies of Dirui IndustrialLtd with our comprehensive dividend report here.
• Our expertly prepared valuation report Dirui IndustrialLtd implies its share price may be lower than expected.

Key Takeaways

• Gain an insight into the universe of 1964 Top Dividend Stocks by clicking here.
• Are these companies part of your investment strategy? Use Simply Wall St to consolidate your holdings into a portfolio and gain insights with our comprehensive analysis tools.
• Simply Wall St is a revolutionary app designed for long-term stock investors, it's free and covers every market in the world.

Interested In Other Possibilities?

• Explore high-performing small cap companies that haven't yet garnered significant analyst attention.
• Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management.
• Find companies with promising cash flow potential yet trading below their fair value.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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