Top Dividend Stocks To Consider In November 2024

As global markets react to the recent U.S. election results, with major indices like the S&P 500 and Nasdaq Composite reaching record highs, investors are keenly observing how anticipated policy changes might impact growth and inflation. Amidst this backdrop of economic optimism and uncertainty, dividend stocks remain a compelling choice for those seeking steady income streams; their potential for providing consistent returns can be particularly appealing in times of market volatility.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Peoples Bancorp (NasdaqGS:PEBO)	4.53%	★★★★★★
Tsubakimoto Chain (TSE:6371)	4.19%	★★★★★★
Guaranty Trust Holding (NGSE:GTCO)	6.83%	★★★★★★
GakkyushaLtd (TSE:9769)	4.57%	★★★★★★
Financial Institutions (NasdaqGS:FISI)	4.42%	★★★★★★
FALCO HOLDINGS (TSE:4671)	6.67%	★★★★★★
Business Brain Showa-Ota (TSE:9658)	3.92%	★★★★★★
CAC Holdings (TSE:4725)	4.53%	★★★★★★
Premier Financial (NasdaqGS:PFC)	4.38%	★★★★★★
Citizens & Northern (NasdaqCM:CZNC)	5.44%	★★★★★★

Click here to see the full list of 1940 stocks from our Top Dividend Stocks screener.

Let's uncover some gems from our specialized screener.

China South Publishing & Media Group (SHSE:601098)

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

Overview: China South Publishing & Media Group Co., Ltd operates in publishing, printing, distribution, media, and financing sectors in China and has a market cap of CN¥22.90 billion.

Operations: China South Publishing & Media Group Co., Ltd's revenue is derived from its operations in publishing, printing, distribution, media, and financing within China.

Dividend Yield: 4.3%

China South Publishing & Media Group offers a high and reliable dividend yield of 4.31%, ranking in the top 25% of CN market dividend payers. Despite a decline in net income to CNY 956.92 million for the nine months ending September 2024, dividends remain well-covered by earnings with a payout ratio of 74.7% and by cash flows at a cash payout ratio of 29.9%. The company has maintained stable and growing dividends over the past decade, trading below its estimated fair value.

• Click to explore a detailed breakdown of our findings in China South Publishing & Media Group's dividend report.
• Our valuation report here indicates China South Publishing & Media Group may be undervalued.

Dynamic Medical Technologies (TPEX:4138)

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

Overview: Dynamic Medical Technologies Inc., along with its subsidiaries, specializes in maintaining and marketing aesthetic lasers and light-based equipment in Taiwan and Hong Kong, with a market cap of NT$3.39 billion.

Operations: Dynamic Medical Technologies Inc.'s revenue segments include the Excelsior Beauty Co., Ltd Department, generating NT$195.01 million.

Dividend Yield: 6.6%

Dynamic Medical Technologies offers a high dividend yield of 6.58%, placing it in the top 25% of TW market payers. However, its dividends are not well-covered by earnings or free cash flows, with a payout ratio of 113%. Despite this, the company has maintained stable and reliable dividend payments over the past decade. The stock trades at a price-to-earnings ratio of 17.2x, lower than the TW market average of 21.1x.

• Click here and access our complete dividend analysis report to understand the dynamics of Dynamic Medical Technologies.
• Our expertly prepared valuation report Dynamic Medical Technologies implies its share price may be too high.

Nichidenbo (TWSE:3090)

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

Overview: Nichidenbo Corporation is involved in the global distribution of electronic components and has a market cap of NT$13.29 billion.

Operations: Nichidenbo Corporation's revenue segments are not specified in the provided text.

Dividend Yield: 5.4%

Nichidenbo Corporation's dividend yield of 5.44% ranks it among the top 25% in the TW market, yet its dividends are not well-supported by free cash flows, with a cash payout ratio of 122.1%. The company's payout ratio stands at 83.4%, indicating coverage by earnings despite historical volatility and unreliability in payments. Earnings grew by TWD 740.14 million for the nine months ended September 2024, suggesting potential stability improvements ahead.

• Get an in-depth perspective on Nichidenbo's performance by reading our dividend report here.
• Upon reviewing our latest valuation report, Nichidenbo's share price might be too optimistic.

Where To Now?

• Embark on your investment journey to our 1940 Top Dividend Stocks selection here.
• Are you invested in these stocks already? Keep abreast of every twist and turn by setting up a portfolio with Simply Wall St, where we make it simple for investors like you to stay informed and proactive.
• Maximize your investment potential with Simply Wall St, the comprehensive app that offers global market insights for free.

Searching for a Fresh Perspective?

• 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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