Three Prominent Dividend Stocks For November 2024

As global markets navigate a complex landscape marked by mixed earnings reports and economic uncertainties, investors are keenly observing the performance of major indices, which have recently shown some volatility. Amidst this backdrop, dividend stocks continue to attract attention for their potential to provide steady income streams, offering a measure of stability in uncertain times.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Globeride (TSE:7990)	4.11%	★★★★★★
Wuliangye YibinLtd (SZSE:000858)	3.09%	★★★★★★
China South Publishing & Media Group (SHSE:601098)	4.45%	★★★★★★
Intelligent Wave (TSE:4847)	3.88%	★★★★★★
Yamato Kogyo (TSE:5444)	3.86%	★★★★★★
HUAYU Automotive Systems (SHSE:600741)	4.82%	★★★★★★
Business Brain Showa-Ota (TSE:9658)	4.22%	★★★★★★
FALCO HOLDINGS (TSE:4671)	6.53%	★★★★★★
Kwong Lung Enterprise (TPEX:8916)	6.35%	★★★★★★
DoshishaLtd (TSE:7483)	3.86%	★★★★★★

Click here to see the full list of 2012 stocks from our Top Dividend Stocks screener.

Let's explore several standout options from the results in the screener.

EVA Precision Industrial Holdings (SEHK:838)

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

Overview: EVA Precision Industrial Holdings Limited is an investment holding company that offers precision manufacturing services in China, Vietnam, and Mexico, with a market cap of HK$1.18 billion.

Operations: EVA Precision Industrial Holdings Limited generates revenue from its Automotive Components segment, amounting to HK$1.98 billion, and its Office Automation Equipment segment, totaling HK$4.34 billion.

Dividend Yield: 5.5%

EVA Precision Industrial Holdings has experienced volatile dividend payments over the past decade, yet maintains a sustainable payout with earnings and cash flow coverage at 30.1% and 34%, respectively. Despite trading significantly below its estimated fair value, its dividend yield of 5.51% lags behind top-tier Hong Kong payers. Recent interim dividends of HK$0.022 per share reflect modest growth, supported by improved earnings for the first half of 2024 at HK$127.81 million from HK$122.62 million year-on-year.

• Dive into the specifics of EVA Precision Industrial Holdings here with our thorough dividend report.
• According our valuation report, there's an indication that EVA Precision Industrial Holdings' share price might be on the cheaper side.

Guangdong South New MediaLtd (SZSE:300770)

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

Overview: Guangdong Southern New Media Co., Ltd. operates in China offering IPTV, internet audio-visual, and content copyright services with a market cap of CN¥9.30 billion.

Operations: Guangdong Southern New Media Co., Ltd. generates revenue from the Information Dissemination Industry, amounting to CN¥1.57 billion.

Dividend Yield: 4.3%

Guangdong South New Media Ltd. offers a dividend yield of 4.31%, placing it in the top 25% of Chinese payers, though its dividend history is short and volatile over four years. The company's payout ratios are sustainable, with earnings coverage at 66.9% and cash flow coverage at 49%. Recent announcements include a special cash dividend of CNY13 per 10 shares for 2024, highlighting ongoing shareholder returns despite fluctuating net income figures.

• Take a closer look at Guangdong South New MediaLtd's potential here in our dividend report.
• In light of our recent valuation report, it seems possible that Guangdong South New MediaLtd is trading behind its estimated value.

Tanabe Engineering (TSE:1828)

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

Overview: Tanabe Engineering Corporation is involved in plant construction and machinery production activities in Japan, with a market cap of ¥16.16 billion.

Operations: Tanabe Engineering Corporation generates revenue primarily from facility installation works, which accounts for ¥51.62 billion, and the surface treatment business, contributing ¥1.29 billion.

Dividend Yield: 3.6%

Tanabe Engineering's dividend yield of 3.56% is slightly below the top quartile in Japan, but its dividends have been stable and growing over the past decade with minimal volatility. Despite a low payout ratio of 26.1%, indicating coverage by earnings, dividends are not supported by free cash flow, raising sustainability concerns. The company has shown modest earnings growth of 0.7% annually over five years, and its price-to-earnings ratio of 8.8x suggests it may be undervalued relative to the market.

• Click here to discover the nuances of Tanabe Engineering with our detailed analytical dividend report.
• Upon reviewing our latest valuation report, Tanabe Engineering's share price might be too optimistic.

Where To Now?

• Reveal the 2012 hidden gems among our Top Dividend Stocks screener with a single click here.
• Already own these companies? Bring clarity to your investment decisions by linking up your portfolio with Simply Wall St, where you can monitor all the vital signs of your stocks effortlessly.
• Unlock the power of informed investing with Simply Wall St, your free guide to navigating stock markets worldwide.

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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