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 closely watching how potential policy shifts might impact economic growth and inflation. In this dynamic environment, dividend stocks can offer a level of stability and income potential, making them an attractive option for those looking to balance growth with reliable returns amidst evolving market conditions.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Peoples Bancorp (NasdaqGS:PEBO)	4.51%	★★★★★★
Tsubakimoto Chain (TSE:6371)	4.18%	★★★★★★
GakkyushaLtd (TSE:9769)	4.54%	★★★★★★
Financial Institutions (NasdaqGS:FISI)	4.44%	★★★★★★
FALCO HOLDINGS (TSE:4671)	6.78%	★★★★★★
E J Holdings (TSE:2153)	3.86%	★★★★★★
James Latham (AIM:LTHM)	6.13%	★★★★★★
Premier Financial (NasdaqGS:PFC)	4.39%	★★★★★★
Citizens & Northern (NasdaqCM:CZNC)	5.49%	★★★★★★
Banque Cantonale Vaudoise (SWX:BCVN)	4.90%	★★★★★★

Click here to see the full list of 1939 stocks from our Top Dividend Stocks screener.

Let's uncover some gems from our specialized screener.

Rockwell Land (PSE:ROCK)

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

Overview: Rockwell Land Corporation is a property developer focusing on high-end and upper-mid markets primarily in Metro Manila, Philippines, with a market cap of ₱9.05 billion.

Operations: Rockwell Land Corporation generates revenue from its operations as a developer in the high-end and upper-mid property markets, mainly in Metro Manila, Philippines.

Dividend Yield: 6.9%

Rockwell Land's dividend yield of 6.88% ranks in the top 25% of Philippine market payers, but its sustainability is questionable due to a high cash payout ratio (213.6%). Despite a low payout ratio (18.2%) indicating coverage by earnings, dividends have been volatile over the past decade with significant annual drops. Recent earnings show growth in net income and revenue for nine months ending September 2024, yet free cash flow remains insufficient to cover dividends fully.

• Take a closer look at Rockwell Land's potential here in our dividend report.
• Insights from our recent valuation report point to the potential overvaluation of Rockwell Land shares in the market.

Rimoni Industries (TASE:RIMO)

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

Overview: Rimoni Industries Ltd. specializes in the design, engineering, and manufacturing of molds and precise injection molding and assemblies for various industries including medical, automotive, agricultural, high-tech, and consumer sectors in Israel with a market cap of ₪386.07 million.

Operations: Rimoni Industries Ltd. generates revenue from its segments, with Plastic Casting contributing ₪184.09 million and Patterns adding ₪16.33 million.

Dividend Yield: 6.4%

Rimoni Industries offers a high dividend yield of 6.42%, placing it among the top 25% in the IL market. Dividends are well-covered by earnings (payout ratio: 85.3%) and cash flows (cash payout ratio: 45.4%), suggesting sustainability despite a volatile track record over the past decade, with payments falling and lacking stability. Recent earnings show improved net income at ILS 12.79 million for Q2, though sales have declined compared to last year.

• Click to explore a detailed breakdown of our findings in Rimoni Industries' dividend report.
• In light of our recent valuation report, it seems possible that Rimoni Industries is trading behind its estimated value.

MedikitLtd (TSE:7749)

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

Overview: Medikit Co., Ltd. manufactures and sells vascular access medical devices, with a market cap of ¥43.05 billion.

Operations: Medikit Co., Ltd. generates revenue through the manufacture and sale of vascular access medical devices.

Dividend Yield: 3.1%

Medikit Ltd. provides a stable and growing dividend, with payments well-covered by both earnings (payout ratio: 22.8%) and cash flows (cash payout ratio: 42.6%). Despite its dividend yield of 3.09% being lower than the top quartile in Japan, the company's dividends have been reliable over the past decade. Additionally, Medikit's recent share repurchase program aims to enhance capital efficiency and return profits to shareholders, highlighting a commitment to shareholder value.

• Click here and access our complete dividend analysis report to understand the dynamics of MedikitLtd.
• According our valuation report, there's an indication that MedikitLtd's share price might be on the cheaper side.

Taking Advantage

• Discover the full array of 1939 Top Dividend Stocks right here.
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Seeking Other Investments?

• 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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