Stock Analysis

Top Dividend Stocks To Watch In November 2024

TWSE:1720
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As global markets show resilience with U.S. indexes approaching record highs and broad-based gains, investors are keeping a close eye on the Federal Reserve's upcoming decisions regarding interest rate cuts amid ongoing geopolitical tensions. In this dynamic environment, dividend stocks continue to attract attention for their potential to provide steady income streams, making them an appealing option for those seeking stability in uncertain times.

Top 10 Dividend Stocks

NameDividend YieldDividend Rating
Guaranty Trust Holding (NGSE:GTCO)7.01%★★★★★★
Peoples Bancorp (NasdaqGS:PEBO)4.44%★★★★★★
Wuliangye YibinLtd (SZSE:000858)3.25%★★★★★★
China South Publishing & Media Group (SHSE:601098)4.57%★★★★★★
Padma Oil (DSE:PADMAOIL)6.72%★★★★★★
GakkyushaLtd (TSE:9769)4.51%★★★★★★
Financial Institutions (NasdaqGS:FISI)4.25%★★★★★★
HUAYU Automotive Systems (SHSE:600741)4.37%★★★★★★
Citizens & Northern (NasdaqCM:CZNC)5.45%★★★★★★
Premier Financial (NasdaqGS:PFC)4.35%★★★★★★

Click here to see the full list of 1947 stocks from our Top Dividend Stocks screener.

Let's dive into some prime choices out of the screener.

TOLI (TSE:7971)

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

Overview: TOLI Corporation engages in the manufacturing and sale of floor coverings, wallpapers, drapes, and related installation accessories both within Japan and internationally, with a market capitalization of ¥26.99 billion.

Operations: TOLI Corporation's revenue segments include the production and distribution of floor coverings, wallpapers, drapes, and related installation accessories.

Dividend Yield: 4.2%

TOLI Corporation's dividend yield of 4.17% ranks in the top 25% of JP market payers, although it's not covered by free cash flows, raising sustainability concerns. However, with a low payout ratio of 27%, dividends are well covered by earnings and have been stable over the past decade. The company recently completed a share buyback to enhance capital efficiency, spending ¥459.96 million on repurchasing shares, which may positively impact future dividend policies.

TSE:7971 Dividend History as at Nov 2024
TSE:7971 Dividend History as at Nov 2024

Standard Chemical & Pharmaceutical (TWSE:1720)

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

Overview: Standard Chemical & Pharmaceutical Co. Ltd. operates in the pharmaceutical industry, focusing on the production and distribution of chemical and medicinal products, with a market cap of NT$11.53 billion.

Operations: I'm sorry, but it seems that the revenue segment details for Standard Chemical & Pharmaceutical Co. Ltd. are missing from the provided text. If you have additional information on their revenue segments, please share it so I can help summarize them for you.

Dividend Yield: 4.2%

Standard Chemical & Pharmaceutical's dividend yield of 4.19% is below the top 25% of Taiwan market payers. Despite a reasonable payout ratio of 56.9%, dividends have been volatile over the past decade, with periods of significant drops, indicating an unstable track record. However, dividends are well-covered by both earnings and cash flows, suggesting current payments are sustainable despite historical volatility. Recent earnings show modest growth in sales and net income for the nine months ending September 2024.

TWSE:1720 Dividend History as at Nov 2024
TWSE:1720 Dividend History as at Nov 2024

GeoVision (TWSE:3356)

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

Overview: GeoVision Inc., along with its subsidiaries, operates as a digital and networked video surveillance company globally, with a market cap of NT$4.29 billion.

Operations: GeoVision Inc. generates its revenue primarily through digital and networked video surveillance solutions on a global scale.

Dividend Yield: 5.4%

GeoVision's dividend yield of 5.4% ranks in the top 25% of Taiwan market payers, supported by a low payout ratio of 49.5%, indicating coverage by earnings and cash flows. However, dividends have been volatile over the past decade with significant declines, suggesting an unreliable track record. Recent earnings reveal a decline in third-quarter sales and net income compared to last year, though nine-month figures show substantial growth in net income from TWD 214.4 million to TWD 450.78 million.

TWSE:3356 Dividend History as at Nov 2024
TWSE:3356 Dividend History as at Nov 2024

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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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