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 reaching record highs amid expectations of economic growth and tax reforms, investors are keenly assessing opportunities in the evolving landscape. Amidst these developments, dividend stocks remain an attractive option for those seeking steady income streams and potential capital appreciation.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Tsubakimoto Chain (TSE:6371)	4.17%	★★★★★★
Wuliangye YibinLtd (SZSE:000858)	3.03%	★★★★★★
Guangxi LiuYao Group (SHSE:603368)	3.10%	★★★★★★
GakkyushaLtd (TSE:9769)	4.47%	★★★★★★
China South Publishing & Media Group (SHSE:601098)	4.41%	★★★★★★
FALCO HOLDINGS (TSE:4671)	6.68%	★★★★★★
Business Brain Showa-Ota (TSE:9658)	3.98%	★★★★★★
CAC Holdings (TSE:4725)	4.53%	★★★★★★
E J Holdings (TSE:2153)	3.84%	★★★★★★
Innotech (TSE:9880)	5.06%	★★★★★★

Click here to see the full list of 1941 stocks from our Top Dividend Stocks screener.

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

Altech (TSE:4641)

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

Overview: Altech Corporation offers technical and engineering assignment services both in Japan and internationally, with a market capitalization of ¥56.87 billion.

Operations: Altech Corporation's revenue is primarily derived from its Outsourcing Service Business, including staffing services, which generated ¥44.26 billion, and its Global Business segment, contributing ¥3.23 billion.

Dividend Yield: 3.3%

Altech's dividend payments are covered by earnings and cash flows with a payout ratio of 54.2% and a cash payout ratio of 44.2%. However, its dividend history has been volatile over the past decade, including recent fluctuations: an increase to JPY 44.00 per share for Q2, but a projected decrease to JPY 44.00 from JPY 51.00 year-end. Trading at significant undervaluation, Altech offers potential value despite its low yield compared to top-tier payers in Japan.

• Get an in-depth perspective on Altech's performance by reading our dividend report here.
• Insights from our recent valuation report point to the potential undervaluation of Altech shares in the market.

TYC Brother Industrial (TWSE:1522)

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

Overview: TYC Brother Industrial Co., Ltd. manufactures and sells vehicle lighting products in Taiwan, with a market cap of NT$19.25 billion.

Operations: TYC Brother Industrial Co., Ltd. generates revenue through its vehicle lighting products across various regions, with NT$1.14 billion from Asia, NT$3.14 billion from Europe, NT$15.84 billion from Taiwan, and NT$9.45 billion from America.

Dividend Yield: 3.2%

TYC Brother Industrial's dividend payments are well covered by earnings and cash flows, with payout ratios of 35.4% and 25.4%, respectively. Despite a history of volatility in dividends over the past decade, the company has managed to increase its dividend payments during this period. Currently trading at a significant discount to its estimated fair value, TYC Brother presents potential value for investors, although its yield remains lower than top-tier payers in Taiwan.

• Delve into the full analysis dividend report here for a deeper understanding of TYC Brother Industrial.
• Our comprehensive valuation report raises the possibility that TYC Brother Industrial is priced lower than what may be justified by its financials.

EVA Airways (TWSE:2618)

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

Overview: EVA Airways Corp., along with its subsidiaries, operates in the aviation industry across Taiwan, Asia, Europe, North America, and internationally with a market cap of NT$213.32 billion.

Operations: EVA Airways Corp. generates its revenue primarily from the Aviation Transportation Segment, which accounts for NT$201.15 billion, and the Aircraft Maintenance and Manufacturing Division, contributing NT$15.36 billion.

Dividend Yield: 4.6%

EVA Airways' dividend payments are well covered by earnings and cash flows, with payout ratios of 41.1% and 26.7%, respectively. Despite being in the top 25% for yield in Taiwan, its dividend history is unstable, having been paid for only eight years with volatility exceeding a 20% drop annually. The stock trades significantly below estimated fair value, but recent fines over TWD 1.65 million highlight operational challenges that may impact future stability.

• Click here to discover the nuances of EVA Airways with our detailed analytical dividend report.
• Our valuation report here indicates EVA Airways may be undervalued.

Where To Now?

• Get an in-depth perspective on all 1941 Top Dividend Stocks by using our screener here.
• Already own these companies? Link your portfolio to Simply Wall St and get alerts on any new warning signs to your stocks.
• Simply Wall St is a revolutionary app designed for long-term stock investors, it's free and covers every market in the world.

Ready For A Different Approach?

• 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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