Top Dividend Stocks To Consider For November 2024

As global markets react to the recent U.S. election results, with major indices like the S&P 500 reaching record highs, investors are closely watching how potential policy changes might impact economic growth and inflation. In this evolving landscape, dividend stocks can offer a steady income stream and may provide a buffer against market volatility, making them an attractive consideration for those seeking stability amidst uncertainty.

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.

Below we spotlight a couple of our favorites from our exclusive screener.

Cargotec (HLSE:CGCBV)

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

Overview: Cargotec Corporation offers cargo handling solutions and services across various regions including Finland, Europe, the Middle East, Africa, the United States, other parts of the Americas, China, and Asia-Pacific countries with a market capitalization of €3.76 billion.

Operations: Cargotec Corporation's revenue is primarily derived from its Hiab segment, contributing €1.69 billion, and its MacGregor segment, which adds €832.10 million.

Dividend Yield: 3.7%

Cargotec's dividend profile is marked by stability and growth over the past decade, supported by a low payout ratio of 41.4%, ensuring dividends are well covered by earnings. Despite a decline in Q3 net income to €44.6 million from €107.2 million year-over-year, the company maintains reliable dividend payments with a yield of 3.65%. However, this yield is below the Finnish market's top tier of 6.27%. Earnings grew significantly last year but are forecasted to decline annually over the next three years.

• Click here and access our complete dividend analysis report to understand the dynamics of Cargotec.
• The analysis detailed in our Cargotec valuation report hints at an deflated share price compared to its estimated value.

Betsson (OM:BETS B)

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

Overview: Betsson AB (publ) operates an online gaming business through its subsidiaries across various regions including the Nordic countries, Latin America, and Europe, with a market cap of SEK19.69 billion.

Operations: Betsson AB's revenue is primarily derived from its Casinos & Resorts segment, which generated €1.05 billion.

Dividend Yield: 5.2%

Betsson's dividend is supported by a modest payout ratio of 51.9% and a cash payout ratio of 46.3%, indicating strong coverage by both earnings and cash flows. While the dividend yield of 5.22% ranks in the top quartile in Sweden, its track record shows volatility over the past decade. Recent Q3 results revealed a slight dip in net income to €42.9 million from €47.7 million year-over-year, reflecting some financial pressure despite robust sales growth to €280.1 million from €237.6 million.

• Take a closer look at Betsson's potential here in our dividend report.
• Upon reviewing our latest valuation report, Betsson's share price might be too pessimistic.

Wasion Holdings (SEHK:3393)

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

Overview: Wasion Holdings Limited is an investment holding company that focuses on the research, development, production, and sale of energy metering and energy efficiency management solutions for energy supply industries across various regions including the People's Republic of China, Africa, the United States, Europe, and other parts of Asia; it has a market cap of approximately HK$6.54 billion.

Operations: Wasion Holdings Limited generates revenue from three main segments: Advanced Distribution Operations (CN¥2.51 billion), Power Advanced Metering Infrastructure (CN¥2.99 billion), and Communication and Fluid Advanced Metering Infrastructure (CN¥2.42 billion).

Dividend Yield: 4.2%

Wasion Holdings' dividend is supported by a low payout ratio of 40% and a cash payout ratio of 39%, indicating solid coverage by both earnings and cash flows. However, the dividend track record has been volatile over the past decade. The company reported strong earnings growth for the half year ended June 2024, with sales reaching CNY 3.74 billion and net income rising to CNY 331.03 million, driven by increased revenue and effective cost management.

• Get an in-depth perspective on Wasion Holdings' performance by reading our dividend report here.
• Insights from our recent valuation report point to the potential undervaluation of Wasion Holdings shares in the market.

Turning Ideas Into Actions

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Want To Explore Some Alternatives?

• 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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