Top Dividend Stocks To Consider In November 2024

As global markets show signs of resilience with U.S. indexes approaching record highs and broad-based gains, investors are navigating a landscape marked by geopolitical tensions and economic uncertainties. Amidst this backdrop, dividend stocks continue to attract attention for their potential to provide steady income streams, particularly as interest rate dynamics remain a focal point for many market participants. A good dividend stock in such conditions is often characterized by strong fundamentals and consistent payout histories, offering potential stability in an otherwise volatile environment.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Tsubakimoto Chain (TSE:6371)	4.34%	★★★★★★
CAC Holdings (TSE:4725)	4.55%	★★★★★★
Yamato Kogyo (TSE:5444)	3.97%	★★★★★★
Guangxi LiuYao Group (SHSE:603368)	3.29%	★★★★★★
Padma Oil (DSE:PADMAOIL)	6.64%	★★★★★★
China South Publishing & Media Group (SHSE:601098)	4.40%	★★★★★★
Nihon Parkerizing (TSE:4095)	3.97%	★★★★★★
HUAYU Automotive Systems (SHSE:600741)	4.42%	★★★★★★
E J Holdings (TSE:2153)	3.87%	★★★★★★
DoshishaLtd (TSE:7483)	3.86%	★★★★★★

Click here to see the full list of 1981 stocks from our Top Dividend Stocks screener.

Let's uncover some gems from our specialized screener.

Spar Nord Bank (CPSE:SPNO)

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

Overview: Spar Nord Bank A/S offers a range of banking products and services to retail and business customers in Denmark, with a market cap of DKK15.86 billion.

Operations: Spar Nord Bank's revenue is primarily derived from its Local Banks and Group's Leasing Activities, which contribute DKK4.96 billion, complemented by the Trading Division generating DKK533 million.

Dividend Yield: 7.2%

Spar Nord Bank offers a dividend yield in the top 25% of Danish payers, supported by a reasonable payout ratio of 51.3%. However, its dividend history has been volatile and unreliable over the past decade. Recent earnings show decreased net income compared to last year, yet guidance for 2024 suggests improved profitability. Despite trading below estimated fair value, concerns include high non-performing loans at 2.4% and forecasted earnings decline averaging 11.4% annually over three years.

• Click to explore a detailed breakdown of our findings in Spar Nord Bank's dividend report.
• Our expertly prepared valuation report Spar Nord Bank implies its share price may be lower than expected.

Citicore Energy REIT (PSE:CREIT)

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

Overview: Citicore Energy REIT (PSE:CREIT) is the Philippines' first renewable energy real estate investment trust and largest renewable energy landlord, supported by Citicore Renewable Energy Corporation, with a market cap of ₱19.96 billion.

Operations: CREIT generates its revenue primarily from leasing, amounting to ₱1.87 billion.

Dividend Yield: 7.1%

Citicore Energy REIT's dividends are notable for their high yield, ranking in the top 25% of Philippine payers. Despite a brief three-year history, dividend growth has been consistent and reliable. The payout ratios indicate sustainability, with earnings coverage at 79.5% and cash flow coverage at 87.6%. However, financial stability is a concern due to high debt levels. Recent executive changes may impact operations but do not immediately affect dividend prospects or financial health significantly.

• Get an in-depth perspective on Citicore Energy REIT's performance by reading our dividend report here.
• Our expertly prepared valuation report Citicore Energy REIT implies its share price may be too high.

SRA Holdings (TSE:3817)

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

Overview: SRA Holdings, Inc. operates in systems development, operation/administration, and product solutions marketing both in Japan and internationally, with a market cap of ¥53.63 billion.

Operations: SRA Holdings, Inc. generates revenue through its systems development, operation/administration, and product solutions marketing businesses across Japan and international markets.

Dividend Yield: 4.7%

SRA Holdings offers a dividend yield of 4.71%, placing it among the top 25% in Japan. Its dividends have been stable and increasing over the past decade, demonstrating reliability. However, with a cash payout ratio of 103.4%, dividends are not well covered by free cash flow, raising sustainability concerns despite being well covered by earnings due to a low payout ratio of 40%. The stock's P/E ratio is attractively below the industry average.

• Navigate through the intricacies of SRA Holdings with our comprehensive dividend report here.
• According our valuation report, there's an indication that SRA Holdings' share price might be on the expensive side.

Seize The Opportunity

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Looking For Alternative Opportunities?

• 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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