Top Dividend Stocks To Consider In November 2024

As global markets navigate the complexities of the incoming Trump administration and fluctuating economic indicators, investors are closely monitoring sectors like financials and energy, which have shown resilience amid policy shifts. In this climate of uncertainty, dividend stocks can offer a compelling option for those seeking income stability; they often provide consistent returns irrespective of market volatility.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Guaranty Trust Holding (NGSE:GTCO)	6.78%	★★★★★★
Peoples Bancorp (NasdaqGS:PEBO)	4.60%	★★★★★★
Tsubakimoto Chain (TSE:6371)	4.21%	★★★★★★
Nihon Parkerizing (TSE:4095)	3.96%	★★★★★★
CAC Holdings (TSE:4725)	4.62%	★★★★★★
Guangxi LiuYao Group (SHSE:603368)	3.16%	★★★★★★
Financial Institutions (NasdaqGS:FISI)	4.55%	★★★★★★
GakkyushaLtd (TSE:9769)	4.47%	★★★★★★
Citizens & Northern (NasdaqCM:CZNC)	5.65%	★★★★★★
Premier Financial (NasdaqGS:PFC)	4.51%	★★★★★★

Click here to see the full list of 1966 stocks from our Top Dividend Stocks screener.

Here we highlight a subset of our preferred stocks from the screener.

Nordic Group (SGX:MR7)

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

Overview: Nordic Group Limited is an investment holding company providing solutions in system integration, maintenance, repair, overhaul, trading, precision engineering, scaffolding, insulation, petrochemical and environmental engineering as well as cleanroom and air and water engineering globally with a market cap of SGD141.68 million.

Operations: Nordic Group Limited generates its revenue primarily from Project Services and Maintenance Services, with figures of SGD69.93 million and SGD83.13 million respectively.

Dividend Yield: 4.1%

Nordic Group's dividend yield of 4.06% is below the Singapore market's top quartile, and its dividend history has been volatile, with occasional significant drops. However, the dividends are well-covered by both earnings (payout ratio: 40%) and cash flows (cash payout ratio: 29.6%), indicating sustainability from a financial standpoint. Despite past volatility in payments and share price, dividends have grown over the last decade while trading at a discount to estimated fair value.

• Unlock comprehensive insights into our analysis of Nordic Group stock in this dividend report.
• Our valuation report here indicates Nordic Group may be undervalued.

Zhejiang Hailide New MaterialLtd (SZSE:002206)

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

Overview: Zhejiang Hailide New Material Co., Ltd specializes in the research, development, production, and marketing of industrial polyester yarns, plastic materials, tire cord fabrics, and plastic floors both in China and internationally with a market cap of CN¥5.29 billion.

Operations: Zhejiang Hailide New Material Co., Ltd generates revenue through its industrial polyester yarns, plastic materials, tire cord fabrics, and plastic floors.

Dividend Yield: 3.3%

Zhejiang Hailide New Material Ltd has seen its dividend payments increase over the past decade, though they have been volatile. The dividends are well-covered by earnings and cash flows, with payout ratios of 45.4% and 41.6%, respectively, suggesting financial sustainability despite an unstable track record. Trading at a good value compared to peers with a price-to-earnings ratio of 14.2x, it offers a competitive yield in the Chinese market's top quartile at 3.3%.

• Get an in-depth perspective on Zhejiang Hailide New MaterialLtd's performance by reading our dividend report here.
• Our valuation report unveils the possibility Zhejiang Hailide New MaterialLtd's shares may be trading at a discount.

YagiLtd (TSE:7460)

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

Overview: Yagi & Co., Ltd. is a fiber trading company based in Japan with a market cap of ¥15.77 billion.

Operations: Yagi & Co., Ltd. generates its revenue through various segments within the fiber trading industry in Japan.

Dividend Yield: 3.6%

Yagi Ltd.'s dividends are well-supported by earnings and cash flows, with low payout ratios of 22.7% and 12%, respectively, indicating strong financial sustainability. Despite a decade-long increase in dividend payments, the track record remains volatile and unreliable due to significant annual drops. Currently trading at 98.3% below estimated fair value, Yagi's yield of 3.59% is slightly lower than the top quartile in Japan's market at 3.79%.

• Click here to discover the nuances of YagiLtd with our detailed analytical dividend report.
• Upon reviewing our latest valuation report, YagiLtd's share price might be too pessimistic.

Seize The Opportunity

• Navigate through the entire inventory of 1966 Top Dividend Stocks here.
• Got skin in the game with these stocks? Elevate how you manage them by using Simply Wall St's portfolio, where intuitive tools await to help optimize your investment outcomes.
• Unlock the power of informed investing with Simply Wall St, your free guide to navigating stock markets worldwide.

Ready To Venture Into Other Investment Styles?

• 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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