Stock Analysis

Top Dividend Stocks To Consider In November 2024

TSE:4202
Source: Shutterstock

As global markets navigate the uncertainties surrounding the incoming Trump administration's policies, investors are witnessing a mixed performance across sectors, with financials and energy shares benefiting from deregulation hopes while healthcare stocks face pressure. Amidst this backdrop of fluctuating indices and economic signals, dividend stocks remain an attractive option for those seeking steady income streams in uncertain times. A good dividend stock typically offers a reliable payout history and resilience to market volatility, aligning well with current conditions where stability is highly valued.

Top 10 Dividend Stocks

NameDividend YieldDividend Rating
Guaranty Trust Holding (NGSE:GTCO)6.78%★★★★★★
Peoples Bancorp (NasdaqGS:PEBO)4.54%★★★★★★
Tsubakimoto Chain (TSE:6371)4.19%★★★★★★
CAC Holdings (TSE:4725)4.60%★★★★★★
Padma Oil (DSE:PADMAOIL)6.72%★★★★★★
Financial Institutions (NasdaqGS:FISI)4.37%★★★★★★
James Latham (AIM:LTHM)6.06%★★★★★★
Citizens & Northern (NasdaqCM:CZNC)5.58%★★★★★★
Premier Financial (NasdaqGS:PFC)4.39%★★★★★★
Banque Cantonale Vaudoise (SWX:BCVN)4.95%★★★★★★

Click here to see the full list of 1957 stocks from our Top Dividend Stocks screener.

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

PTT (SET:PTT)

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

Overview: PTT Public Company Limited, along with its subsidiaries, operates in the petroleum industry across Thailand and internationally, with a market capitalization of approximately THB942.58 billion.

Operations: PTT Public Company Limited's revenue is primarily derived from its Downstream Petroleum - International Trading segment at THB2.07 billion, followed by Downstream Petroleum - Petrochemicals and Refining at THB1.38 billion, Upstream Petroleum and Natural Gas - Natural Gas at THB602.37 million, Downstream Petroleum - Oil and Retail at THB733.67 million, New Business and Sustainability (NBS) at THB120.10 million, and Upstream Petroleum and Natural Gas - Petroleum Exploration and Production at THB315.42 million.

Dividend Yield: 5.9%

PTT's dividend payments have grown over the past decade, yet they remain volatile with an unstable track record. The dividends are well-covered by both earnings and cash flows, with payout ratios of 50.2% and 38%, respectively. However, its dividend yield of 5.93% is lower than the top quartile in Thailand's market. Recent earnings showed a decline in net income for Q3 compared to last year, potentially impacting future dividend stability.

SET:PTT Dividend History as at Nov 2024
SET:PTT Dividend History as at Nov 2024

Daicel (TSE:4202)

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

Overview: Daicel Corporation operates in the materials, medical/healthcare, smart, safety, and engineering plastics sectors across Japan, China, and internationally with a market cap of ¥366.76 billion.

Operations: Daicel Corporation's revenue is primarily derived from its Engineering Plastics Business at ¥242.85 billion, Material Business at ¥195.47 billion, Safety Business at ¥95.51 billion, Smart Business at ¥35.82 billion, and Medical/Healthcare segment at ¥14.24 billion.

Dividend Yield: 4.3%

Daicel's dividend yield of 4.34% ranks in the top quartile of the Japanese market, though it's not covered by free cash flows. Despite a high debt level, dividends have been stable and growing over the past decade, supported by a low payout ratio of 11.9%. The company recently increased its annual dividend forecast to ¥60 per share amid revised earnings guidance and announced a share buyback program to enhance shareholder returns.

TSE:4202 Dividend History as at Nov 2024
TSE:4202 Dividend History as at Nov 2024

Sato Holdings (TSE:6287)

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

Overview: Sato Holdings Corporation manufactures and sells labeling products both in Japan and internationally, with a market cap of ¥69.77 billion.

Operations: Sato Holdings Corporation generates revenue through its labeling products business, serving both domestic and international markets.

Dividend Yield: 3.4%

Sato Holdings offers a stable dividend with a yield of 3.37%, although it falls short compared to the top dividend payers in Japan. Over the past decade, dividends have grown reliably, supported by a low payout ratio of 26.1% and cash payout ratio of 35.7%, indicating strong coverage by earnings and cash flows. Recent collaborations, such as with Konica Minolta for sustainable manufacturing practices, may enhance its long-term operational stability and appeal to environmentally conscious investors.

TSE:6287 Dividend History as at Nov 2024
TSE:6287 Dividend History as at Nov 2024

Where To Now?

  • Take a closer look at our Top Dividend Stocks list of 1957 companies by clicking here.
  • Invested in any of these stocks? Simplify your portfolio management with Simply Wall St and stay ahead with our alerts for any critical updates on your stocks.
  • Discover a world of investment opportunities with Simply Wall St's free app and access unparalleled stock analysis across all markets.

Seeking Other Investments?

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.

New: Manage All Your Stock Portfolios in One Place

We've created the ultimate portfolio companion for stock investors, and it's free.

• Connect an unlimited number of Portfolios and see your total in one currency
• Be alerted to new Warning Signs or Risks via email or mobile
• Track the Fair Value of your stocks

Try a Demo Portfolio for Free

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com