Top Dividend Stocks To Consider In November 2024

As global markets navigate the uncertainties surrounding the incoming Trump administration's policies, investors have witnessed a mixed performance across major indices, with notable gains in financials and energy sectors due to deregulation hopes. Amid this backdrop of fluctuating sector returns and economic indicators like inflation and interest rates, dividend stocks stand out as a potential source of steady income, offering investors an opportunity for stability in times of market volatility.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Tsubakimoto Chain (TSE:6371)	4.14%	★★★★★★
Wuliangye YibinLtd (SZSE:000858)	3.13%	★★★★★★
CAC Holdings (TSE:4725)	4.62%	★★★★★★
Guangxi LiuYao Group (SHSE:603368)	3.25%	★★★★★★
Padma Oil (DSE:PADMAOIL)	6.74%	★★★★★★
GakkyushaLtd (TSE:9769)	4.47%	★★★★★★
China South Publishing & Media Group (SHSE:601098)	4.38%	★★★★★★
HUAYU Automotive Systems (SHSE:600741)	4.33%	★★★★★★
FALCO HOLDINGS (TSE:4671)	6.73%	★★★★★★
E J Holdings (TSE:2153)	3.84%	★★★★★★

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

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

Piquadro (BIT:PQ)

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

Overview: Piquadro S.p.A. designs, manufactures, sells, and markets leather accessories and travel products in Italy and internationally, with a market cap of €101.47 million.

Operations: Piquadro S.p.A. generates its revenue through three main segments: Lancel (€67.94 million), Piquadro (€82.02 million), and The Bridge (€35.59 million).

Dividend Yield: 6.9%

Piquadro's dividend yield of 6.9% ranks it in the top 25% of Italian dividend payers, supported by a reasonable payout ratio of 67% and cash payout ratio of 57.7%. Despite this, its dividends have been volatile over the past decade, with significant annual drops exceeding 20%. However, recent earnings growth of 61.9% could provide a more stable foundation for future payouts. Its price-to-earnings ratio is attractively below the Italian market average.

• Click here and access our complete dividend analysis report to understand the dynamics of Piquadro.
• In light of our recent valuation report, it seems possible that Piquadro is trading beyond its estimated value.

China Shenhua Energy (SEHK:1088)

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

Overview: China Shenhua Energy Company Limited operates in the production and sale of coal and power, as well as railway, port, and shipping transportation services both in China and internationally, with a market cap of HK$851.02 billion.

Operations: China Shenhua Energy's revenue segments include CN¥274.49 billion from coal, CN¥94.73 billion from power, CN¥42.65 billion from railway, CN¥6.90 billion from port services, CN¥5.65 billion from coal chemicals, and CN¥4.98 billion from shipping transportation.

Dividend Yield: 7.3%

China Shenhua Energy's dividend yield of 7.25% is below the top 25% in Hong Kong, with a payout ratio of 77.7% and cash payout ratio of 68%, indicating coverage by earnings and cash flows. However, dividends have been volatile over the past decade despite some growth. The company recently reported a slight decline in net income for the first nine months of 2024 but continues to expand its power generation capacity with new projects operational in Huizhou.

• Get an in-depth perspective on China Shenhua Energy's performance by reading our dividend report here.
• Our valuation report here indicates China Shenhua Energy may be overvalued.

Nonthavej Hospital (SET:NTV)

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

Overview: Nonthavej Hospital Public Company Limited operates as a hospital in Thailand with a market cap of THB5.16 billion.

Operations: Nonthavej Hospital Public Company Limited generates revenue from its operations as a healthcare provider in Thailand.

Dividend Yield: 4.5%

Nonthavej Hospital's dividend is supported by a payout ratio of 60.2% and a cash payout ratio of 63.3%, indicating coverage by earnings and cash flows. Despite an increase in dividends over the past decade, the payments have been volatile, affecting reliability. The current yield of 4.53% is below Thailand's top quartile for dividend payers. Recent earnings show revenue growth to THB 696.52 million in Q3 2024, with net income rising to THB 125.99 million year-on-year.

• Click to explore a detailed breakdown of our findings in Nonthavej Hospital's dividend report.
• Our expertly prepared valuation report Nonthavej Hospital implies its share price may be lower than expected.

Turning Ideas Into Actions

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Looking For Alternative Opportunities?

• 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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