Top Dividend Stocks To Consider In November 2024

As global markets react to recent political shifts and economic policies, major U.S. indices have reached record highs, buoyed by investor optimism surrounding potential tax cuts and regulatory changes following the election. Amidst this backdrop of market enthusiasm and changing fiscal landscapes, dividend stocks present an attractive opportunity for investors seeking steady income streams; these stocks typically offer regular payouts which can provide stability in unpredictable market conditions.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Peoples Bancorp (NasdaqGS:PEBO)	4.51%	★★★★★★
Guaranty Trust Holding (NGSE:GTCO)	6.79%	★★★★★★
Padma Oil (DSE:PADMAOIL)	6.69%	★★★★★★
Financial Institutions (NasdaqGS:FISI)	4.44%	★★★★★★
Business Brain Showa-Ota (TSE:9658)	3.88%	★★★★★★
E J Holdings (TSE:2153)	3.83%	★★★★★★
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 1956 stocks from our Top Dividend Stocks screener.

Underneath we present a selection of stocks filtered out by our screen.

Cathay Pacific Airways (SEHK:293)

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

Overview: Cathay Pacific Airways Limited, along with its subsidiaries, provides international passenger and air cargo transportation services and has a market capitalization of approximately HK$51.76 billion.

Operations: Cathay Pacific Airways Limited's revenue segments include HK Express with HK$6.18 billion, Air Hong Kong with HK$3.48 billion, Cathay Pacific at HK$90.85 billion, and Airline Services generating HK$4.50 billion.

Dividend Yield: 4.6%

Cathay Pacific Airways offers a mixed outlook for dividend investors. While dividends are well covered by earnings and cash flows, with payout ratios of 47.8% and 25%, respectively, the company has an unstable dividend track record over the past decade. Despite trading at a significant discount to its estimated fair value, earnings are expected to decline in the coming years. Recent operational improvements include increased passenger numbers and cargo tonnage, though load factors have decreased slightly.

• Take a closer look at Cathay Pacific Airways' potential here in our dividend report.
• According our valuation report, there's an indication that Cathay Pacific Airways' share price might be on the cheaper side.

Shin Nippon Air Technologies (TSE:1952)

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

Overview: Shin Nippon Air Technologies Co., Ltd. and its subsidiaries offer engineering systems for air, water, heat control, and other air conditioning, electrical, and sanitary facilities both in Japan and internationally, with a market cap of ¥91.27 billion.

Operations: The company's revenue segments include engineering systems for air, water, heat control, and other facilities related to air conditioning, electrical, and sanitary services.

Dividend Yield: 3%

Shin Nippon Air Technologies presents a complex picture for dividend investors. The company has announced a share buyback program worth ¥1 billion, aiming to enhance shareholder returns. However, its dividend payments have been volatile over the past decade despite recent growth. While the 3.03% yield is below top-tier levels in Japan, dividends are well covered by earnings and cash flows. The stock's P/E ratio of 11.4x suggests it may be undervalued compared to the market average.

• Delve into the full analysis dividend report here for a deeper understanding of Shin Nippon Air Technologies.
• The valuation report we've compiled suggests that Shin Nippon Air Technologies' current price could be inflated.

Ryobi (TSE:5851)

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

Overview: Ryobi Limited, with a market cap of ¥61.63 billion, operates as a die casting manufacturer in Japan, the United States, China, and internationally through its subsidiaries.

Operations: Ryobi Limited generates revenue primarily from its Die-Cast segment, amounting to ¥259.87 billion, followed by Printing Equipment at ¥23.68 billion and Housing Equipment at ¥10.96 billion.

Dividend Yield: 4.4%

Ryobi's dividend yield of 4.4% ranks in the top 25% of Japanese dividend payers, supported by a low payout ratio of 33.2% and cash payout ratio of 25.4%, indicating solid coverage by earnings and cash flows. Despite this, dividends have been volatile over the past decade, with inconsistent growth patterns. Recent guidance revisions show decreased financial expectations for FY2024, potentially impacting future dividend stability amidst already fluctuating payouts.

• Click to explore a detailed breakdown of our findings in Ryobi's dividend report.
• The valuation report we've compiled suggests that Ryobi's current price could be quite moderate.

Key Takeaways

• Unlock our comprehensive list of 1956 Top Dividend Stocks by clicking here.
• Got skin in the game with these stocks? Elevate how you manage them by using Simply Wall St's portfolio, where intuitive tools await to help optimize your investment outcomes.
• Join a community of smart investors by using Simply Wall St. It's free and delivers expert-level analysis on worldwide markets.

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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