Top Dividend Stocks To Consider In November 2024

As global markets navigate the uncertainties surrounding the incoming Trump administration's policies, investors are witnessing fluctuations in various sectors, with financials and energy seeing gains while healthcare and EV shares face challenges. Amidst these dynamic conditions, dividend stocks offer a potential avenue for stability and income, making them an attractive consideration for investors looking to balance risk with consistent returns.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Tsubakimoto Chain (TSE:6371)	4.21%	★★★★★★
Nihon Parkerizing (TSE:4095)	3.97%	★★★★★★
Wuliangye YibinLtd (SZSE:000858)	3.12%	★★★★★★
CAC Holdings (TSE:4725)	4.63%	★★★★★★
Guangxi LiuYao Group (SHSE:603368)	3.18%	★★★★★★
Padma Oil (DSE:PADMAOIL)	6.79%	★★★★★★
GakkyushaLtd (TSE:9769)	4.48%	★★★★★★
FALCO HOLDINGS (TSE:4671)	6.80%	★★★★★★
HUAYU Automotive Systems (SHSE:600741)	4.44%	★★★★★★
Premier Financial (NasdaqGS:PFC)	4.51%	★★★★★★

Click here to see the full list of 1969 stocks from our Top Dividend Stocks screener.

Let's review some notable picks from our screened stocks.

Acomo (ENXTAM:ACOMO)

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

Overview: Acomo N.V. operates in sourcing, trading, processing, packaging, and distributing conventional and organic food ingredients for the food and beverage industry across various regions including the Netherlands, Europe, North America, and globally with a market cap of €525.42 million.

Operations: Acomo N.V.'s revenue is primarily derived from its segments in Spices and Nuts (€445.76 million), Organic Ingredients (€429.28 million), Edible Seeds (€246.52 million), Tea (€124.04 million), and Food Solutions (€23.47 million).

Dividend Yield: 6.5%

Acomo offers a dividend yield of 6.48%, ranking in the top 25% of Dutch market payers, but its sustainability is questionable due to a high payout ratio of 95.7%. Although dividends are covered by cash flows with a payout ratio of 51%, earnings coverage is insufficient. The company's financial position shows high debt levels, and dividend reliability has been compromised by volatility over the past decade despite overall growth.

• Delve into the full analysis dividend report here for a deeper understanding of Acomo.
• Our valuation report unveils the possibility Acomo's shares may be trading at a premium.

Home Product Center (SET:HMPRO)

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

Overview: Home Product Center Public Company Limited is a home improvement retailer operating in Thailand, Malaysia, and Vietnam with a market cap of THB126.91 billion.

Operations: Home Product Center generates revenue from its retail segment focused on building products, amounting to THB72.47 billion.

Dividend Yield: 4.1%

Home Product Center's dividend yield is relatively low compared to top-tier Thai market payers, with a payout ratio of 81.7% indicating dividends are covered by earnings. Cash flow coverage is similar at 85.9%, suggesting sustainability despite a history of volatility over the past decade. Recent earnings showed slight growth, yet sales and revenue declined year-over-year for Q3 2024. The stock trades below industry average P/E ratios, offering good relative value despite high debt levels.

• Click to explore a detailed breakdown of our findings in Home Product Center's dividend report.
• Our valuation report unveils the possibility Home Product Center's shares may be trading at a discount.

Sakai Heavy Industries (TSE:6358)

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

Overview: Sakai Heavy Industries, Ltd. manufactures and sells construction equipment and industrial machinery both in Japan and internationally, with a market cap of ¥20.70 billion.

Operations: Sakai Heavy Industries, Ltd. generates revenue from several key regions: ¥1.96 billion from China, ¥23.01 billion from Japan, ¥6.33 billion from Indonesia, and ¥9.62 billion from the United States.

Dividend Yield: 4.4%

Sakai Heavy Industries' dividend yield is among the top 25% in Japan, supported by a payout ratio of 45.6%, indicating coverage by earnings and cash flows. However, dividends have been volatile over the past decade, with recent guidance showing a significant decrease to JPY 60.50 per share for the year ending March 2025 from JPY 195.00 previously. Despite this volatility, profits grew significantly last year and revenue is expected to continue growing modestly.

• Dive into the specifics of Sakai Heavy Industries here with our thorough dividend report.
• Our expertly prepared valuation report Sakai Heavy Industries implies its share price may be lower than expected.

Summing It All Up

• Investigate our full lineup of 1969 Top Dividend Stocks right 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.
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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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