Dividend Stocks To Consider In November 2024

As global markets navigate a tumultuous week marked by mixed earnings reports and economic data, investors are keenly observing the performance of major indices, which have mostly ended lower. Amidst this backdrop, dividend stocks can offer a stable income stream and potential resilience against market volatility, making them an attractive consideration for those looking to balance growth with reliable returns.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Tsubakimoto Chain (TSE:6371)	4.25%	★★★★★★
Mitsubishi Shokuhin (TSE:7451)	3.85%	★★★★★★
Guaranty Trust Holding (NGSE:GTCO)	6.72%	★★★★★★
Wuliangye YibinLtd (SZSE:000858)	3.06%	★★★★★★
China South Publishing & Media Group (SHSE:601098)	4.45%	★★★★★★
Guangxi LiuYao Group (SHSE:603368)	3.20%	★★★★★★
CAC Holdings (TSE:4725)	4.62%	★★★★★★
Business Brain Showa-Ota (TSE:9658)	4.18%	★★★★★★
GakkyushaLtd (TSE:9769)	4.63%	★★★★★★
DoshishaLtd (TSE:7483)	3.83%	★★★★★★

Click here to see the full list of 2017 stocks from our Top Dividend Stocks screener.

Let's take a closer look at a couple of our picks from the screened companies.

What's Cooking Group/SA (ENXTBR:WHATS)

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

Overview: What's Cooking Group NV/SA, along with its subsidiaries, is involved in the production and sale of meat products and ready meals, with a market capitalization of €204.18 million.

Operations: The company's revenue is derived from two main segments: Savoury, contributing €463.60 million, and Ready Meals, generating €384.84 million.

Dividend Yield: 3.9%

What's Cooking Group NV/SA demonstrates a reliable dividend history with stable and growing payments over the past decade. The company's payout ratio of 51.6% ensures dividends are well-covered by earnings, while a low cash payout ratio of 15.6% indicates strong cash flow support. Despite offering a modest yield of 3.89%, which is below the top tier in Belgium, its valuation appears attractive with a price-to-earnings ratio lower than industry averages, supported by significant recent earnings growth.

• Navigate through the intricacies of What's Cooking Group/SA with our comprehensive dividend report here.
• Our comprehensive valuation report raises the possibility that What's Cooking Group/SA is priced lower than what may be justified by its financials.

Zhejiang Expressway (SEHK:576)

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

Overview: Zhejiang Expressway Co., Ltd. is an investment holding company that constructs, operates, maintains, and manages roads in the People's Republic of China with a market cap of HK$32.73 billion.

Operations: Zhejiang Expressway Co., Ltd. generates its revenue primarily from the construction, operation, maintenance, and management of roads in the People’s Republic of China.

Dividend Yield: 6.4%

Zhejiang Expressway offers a stable dividend history with consistent growth over the past decade, though its 6.41% yield is lower than top-tier payers in Hong Kong. Despite a low price-to-earnings ratio of 5.5x, indicating good value, dividends are not well-covered by free cash flow due to a high cash payout ratio of 139%. Recent earnings report shows slight revenue decline but improved net income, suggesting potential for continued dividend reliability amidst financial fluctuations.

• Get an in-depth perspective on Zhejiang Expressway's performance by reading our dividend report here.
• Our valuation report unveils the possibility Zhejiang Expressway's shares may be trading at a discount.

Daoming Optics&ChemicalLtd (SZSE:002632)

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

Overview: Daoming Optics&Chemical Co., Ltd is involved in the R&D, production, and sale of reflective materials and products globally, with a market cap of CN¥5.40 billion.

Operations: Daoming Optics&Chemical Ltd generates revenue through its global operations in the development, manufacturing, and distribution of reflective materials and products.

Dividend Yield: 3%

Daoming Optics&Chemical Ltd's dividend yield of 3.01% ranks in the top 25% of CN market payers but has been volatile and unreliable over the past decade. Despite a reasonable cash payout ratio of 66.1%, dividends are not covered by earnings, with a high payout ratio of 161.6%. Recent earnings show improved net income to CNY 143.99 million, yet profit margins have declined from last year, impacting dividend sustainability and growth prospects.

• Take a closer look at Daoming Optics&ChemicalLtd's potential here in our dividend report.
• Our valuation report here indicates Daoming Optics&ChemicalLtd may be undervalued.

Turning Ideas Into Actions

• Click this link to deep-dive into the 2017 companies within our Top Dividend Stocks screener.
• 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.
• Take control of your financial future using Simply Wall St, offering free, in-depth knowledge of international markets to every investor.

Curious About Other Options?

• 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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