Top Dividend Stocks To Consider In November 2024

As global markets navigate a landscape marked by geopolitical tensions and economic uncertainties, U.S. indexes have approached record highs, buoyed by broad-based gains and positive labor market data. In this environment of cautious optimism, dividend stocks offer an appealing option for investors seeking steady income streams amidst market volatility.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Tsubakimoto Chain (TSE:6371)	4.26%	★★★★★★
Wuliangye YibinLtd (SZSE:000858)	3.24%	★★★★★★
CAC Holdings (TSE:4725)	4.60%	★★★★★★
GakkyushaLtd (TSE:9769)	4.52%	★★★★★★
China South Publishing & Media Group (SHSE:601098)	4.40%	★★★★★★
Nihon Parkerizing (TSE:4095)	3.93%	★★★★★★
FALCO HOLDINGS (TSE:4671)	6.90%	★★★★★★
HUAYU Automotive Systems (SHSE:600741)	4.44%	★★★★★★
E J Holdings (TSE:2153)	3.90%	★★★★★★
DoshishaLtd (TSE:7483)	3.85%	★★★★★☆

Click here to see the full list of 1976 stocks from our Top Dividend Stocks screener.

Here's a peek at a few of the choices from the screener.

Huangshan NovelLtd (SZSE:002014)

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

Overview: Huangshan Novel Co., Ltd is a company that manufactures and sells packaging materials both in China and internationally, with a market cap of CN¥6.24 billion.

Operations: Huangshan Novel Co., Ltd generates its revenue from the production and sale of packaging materials within China and international markets.

Dividend Yield: 5.3%

Huangshan Novel Ltd. offers an attractive dividend yield of 5.3%, placing it in the top 25% of dividend payers in China. Its dividends are reliably covered by earnings, with a payout ratio of 79.7%, and by cash flows, with a cash payout ratio of 65.1%. The company has maintained stable and growing dividends over the past decade, supported by consistent profit growth, evidenced by recent earnings results showing increased net income to CNY 304.84 million for the first nine months of 2024.

• Get an in-depth perspective on Huangshan NovelLtd's performance by reading our dividend report here.
• According our valuation report, there's an indication that Huangshan NovelLtd's share price might be on the cheaper side.

Advan Group (TSE:7463)

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

Overview: Advan Group Co., Ltd. imports and sells building materials in Japan, with a market cap of ¥33.39 billion.

Operations: Advan Group Co., Ltd. generates its revenue through the import and sale of building materials in Japan.

Dividend Yield: 4.2%

Advan Group's dividend yield of 4.19% ranks in the top 25% of Japan's market, supported by a low payout ratio of 46.5%, indicating coverage by earnings. However, dividends are not backed by free cash flows, raising sustainability concerns despite stable payments over the past decade. The stock's price-to-earnings ratio is attractive at 7.3x compared to the market average of 13.3x, though financial results have been affected by significant one-off items recently.

• Click here to discover the nuances of Advan Group with our detailed analytical dividend report.
• The valuation report we've compiled suggests that Advan Group's current price could be inflated.

Nippon Concept (TSE:9386)

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

Overview: Nippon Concept Corporation offers liquid cargo logistics solutions both in Japan and internationally, with a market cap of ¥24.63 billion.

Operations: Nippon Concept Corporation's revenue from International Multimodal Transportation is ¥16.96 billion.

Dividend Yield: 3.4%

Nippon Concept's dividend yield of 3.36% is below the top 25% in Japan, but its payout ratio of 38% suggests dividends are well-covered by earnings and cash flows. The company has consistently increased dividends over the past decade with minimal volatility, indicating reliability. Trading at a significant discount to estimated fair value enhances its appeal for value investors, though it may not offer the highest yield compared to peers in the market.

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

Make It Happen

• Embark on your investment journey to our 1976 Top Dividend Stocks selection here.
• Shareholder in one or more of these companies? Ensure you're never caught off-guard by adding your portfolio in Simply Wall St for timely alerts on significant stock developments.
• Join a community of smart investors by using Simply Wall St. It's free and delivers expert-level analysis on worldwide markets.

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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