Top Dividend Stocks For Reliable Income In November 2024

As global markets show resilience with U.S. indexes nearing record highs and a strong labor market fueling positive sentiment, investors are increasingly looking for stable income sources amidst geopolitical uncertainties and fluctuating economic indicators. In this environment, dividend stocks can offer a reliable income stream, making them an attractive option for those seeking stability in their investment portfolios.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Peoples Bancorp (NasdaqGS:PEBO)	4.54%	★★★★★★
Tsubakimoto Chain (TSE:6371)	4.26%	★★★★★★
CAC Holdings (TSE:4725)	4.62%	★★★★★★
Yamato Kogyo (TSE:5444)	3.87%	★★★★★★
Padma Oil (DSE:PADMAOIL)	6.60%	★★★★★★
Financial Institutions (NasdaqGS:FISI)	4.46%	★★★★★★
James Latham (AIM:LTHM)	6.73%	★★★★★★
Citizens & Northern (NasdaqCM:CZNC)	5.56%	★★★★★★
Premier Financial (NasdaqGS:PFC)	4.45%	★★★★★★
Banque Cantonale Vaudoise (SWX:BCVN)	4.93%	★★★★★★

Click here to see the full list of 1960 stocks from our Top Dividend Stocks screener.

Let's explore several standout options from the results in the screener.

Pico Far East Holdings (SEHK:752)

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

Overview: Pico Far East Holdings Limited is an investment holding company involved in exhibition, event, and brand activation services as well as visual branding, museum and themed environments, and meeting architecture activation with a market cap of approximately HK$2.23 billion.

Operations: Pico Far East Holdings Limited generates its revenue primarily from Exhibition, Event and Brand Activation (HK$5.01 billion), followed by Visual Branding Activation (HK$454.95 million), Museum and Themed Entertainment (HK$444.37 million), and Meeting Architecture Activation (HK$162.78 million).

Dividend Yield: 6.9%

Pico Far East Holdings' dividends are well covered by both earnings and free cash flows, with a payout ratio of 48.6% and a cash payout ratio of 36.2%. However, dividend payments have been volatile over the past decade, experiencing significant annual drops. Despite this volatility, there has been an overall increase in dividends over ten years. The current yield is relatively low compared to top-tier dividend payers in Hong Kong. The stock trades significantly below its estimated fair value.

• Get an in-depth perspective on Pico Far East Holdings' performance by reading our dividend report here.
• Our valuation report unveils the possibility Pico Far East Holdings' shares may be trading at a discount.

Nihon Kagaku Sangyo (TSE:4094)

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

Overview: Nihon Kagaku Sangyo Co., Ltd. produces and sells industrial chemicals and building materials both in Japan and internationally, with a market cap of ¥26.52 billion.

Operations: Nihon Kagaku Sangyo Co., Ltd.'s revenue is primarily derived from its Chemical Business, which contributes ¥20.44 billion, and its Building Materials Business, which adds ¥3.71 billion.

Dividend Yield: 4.3%

Nihon Kagaku Sangyo offers a compelling dividend profile, with dividends well covered by both earnings and free cash flow, reflected in payout ratios of 26.4% and 48.2%, respectively. The company has maintained stable and reliable dividend payments over the past decade, with consistent growth. Its current yield of 4.27% ranks among the top 25% in Japan's market, while trading at a notable discount to its estimated fair value enhances its appeal for investors seeking value.

• Unlock comprehensive insights into our analysis of Nihon Kagaku Sangyo stock in this dividend report.
• Upon reviewing our latest valuation report, Nihon Kagaku Sangyo's share price might be too optimistic.

Stella Chemifa (TSE:4109)

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

Overview: Stella Chemifa Corporation manufactures and sells inorganic fluorine compounds both in Japan and internationally, with a market cap of ¥46.42 billion.

Operations: Stella Chemifa Corporation generates revenue primarily from its High-Purity Chemical segment, which accounts for ¥29.48 billion, followed by the Transportation segment at ¥7.86 billion.

Dividend Yield: 4.3%

Stella Chemifa's dividend yield of 4.28% ranks in the top 25% of Japan's market. However, its dividends are not well covered by cash flows, with a high cash payout ratio of 392.9%, indicating potential sustainability issues. Although earnings have grown significantly, dividend payments have been volatile and unreliable over the past decade. The stock trades at a significant discount to its fair value, suggesting potential value for investors despite these concerns.

• Navigate through the intricacies of Stella Chemifa with our comprehensive dividend report here.
• Our valuation report unveils the possibility Stella Chemifa's shares may be trading at a premium.

Summing It All Up

• Reveal the 1960 hidden gems among our Top Dividend Stocks screener with a single click 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.
• Simply Wall St is your key to unlocking global market trends, a free user-friendly app for forward-thinking investors.

Contemplating Other Strategies?

• 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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