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 and Nasdaq Composite reaching record highs amid hopes for growth-friendly policies, investors are keenly focused on strategies that can provide steady returns amidst economic uncertainties. In such an environment, dividend stocks stand out as a compelling option due to their potential to offer regular income and stability, making them an attractive consideration for those looking to navigate the evolving market landscape.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Tsubakimoto Chain (TSE:6371)	4.18%	★★★★★★
Guangxi LiuYao Group (SHSE:603368)	3.25%	★★★★★★
Padma Oil (DSE:PADMAOIL)	6.69%	★★★★★★
GakkyushaLtd (TSE:9769)	4.54%	★★★★★★
China South Publishing & Media Group (SHSE:601098)	4.40%	★★★★★★
HUAYU Automotive Systems (SHSE:600741)	4.45%	★★★★★★
Business Brain Showa-Ota (TSE:9658)	3.89%	★★★★★★
CAC Holdings (TSE:4725)	4.53%	★★★★★★
E J Holdings (TSE:2153)	3.86%	★★★★★★
DoshishaLtd (TSE:7483)	3.86%	★★★★★★

Click here to see the full list of 1951 stocks from our Top Dividend Stocks screener.

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

Diplomat Holdings (TASE:DIPL)

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

Overview: Diplomat Holdings Ltd. is a sales and distribution company in the fast-moving consumer goods sector with a market cap of ₪948.50 million.

Operations: Diplomat Holdings Ltd. generates its revenue from various segments within the fast-moving consumer goods sector.

Dividend Yield: 8.4%

Diplomat Holdings offers a compelling dividend yield of 8.45%, ranking in the top 25% within its market. Despite trading at a significant discount to its estimated fair value, the company's dividend history is less stable, with payments being volatile and declining over four years. However, dividends are well-covered by earnings and cash flows, with payout ratios at 60.8% and 35.2%, respectively. Recent earnings growth further supports potential sustainability improvements in future payouts.

• Click here to discover the nuances of Diplomat Holdings with our detailed analytical dividend report.
• Our comprehensive valuation report raises the possibility that Diplomat Holdings is priced lower than what may be justified by its financials.

ITFOR (TSE:4743)

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

Overview: ITFOR Inc. provides support services for the implementation of information technology in Japan and has a market cap of ¥37.90 billion.

Operations: ITFOR Inc.'s revenue is primarily generated from its Recurring Business, which accounts for ¥8.71 billion, and System Development and Sales, contributing ¥12.41 billion.

Dividend Yield: 3.6%

ITFOR Inc. provides a stable dividend yield of 3.57%, although it is slightly below the top 25% in the JP market. The dividends are consistently covered by earnings and cash flows, with payout ratios of 38.9% and 55.7%. Over the past decade, ITFOR's dividends have been reliable and steadily growing, supported by strong earnings growth of 20.5% last year. A recent share buyback program aims to enhance capital efficiency, potentially benefiting shareholders further.

• Take a closer look at ITFOR's potential here in our dividend report.
• The valuation report we've compiled suggests that ITFOR's current price could be quite moderate.

Benefit Systems (WSE:BFT)

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

Overview: Benefit Systems S.A. offers non-pay employee benefits solutions in Poland and internationally, with a market cap of PLN7.22 billion.

Operations: Benefit Systems S.A. generates revenue from its operations in Poland, including cafeteria services, amounting to PLN2.25 billion, and from foreign markets totaling PLN847.10 million.

Dividend Yield: 5.5%

Benefit Systems S.A. offers a dividend yield of 5.53%, which is lower than the top 25% in the Polish market. Despite a volatile dividend history, current payments are covered by earnings and cash flows, with payout ratios of 86.6% and 57.2%. Earnings grew significantly last year, boosting confidence in future payouts. Trading at a significant discount to estimated fair value, Benefit Systems presents potential value for investors seeking both growth and income opportunities amidst its unstable past dividend record.

• Unlock comprehensive insights into our analysis of Benefit Systems stock in this dividend report.
• According our valuation report, there's an indication that Benefit Systems' share price might be on the cheaper side.

Key Takeaways

• Embark on your investment journey to our 1951 Top Dividend Stocks selection here.
• Already own these companies? Bring clarity to your investment decisions by linking up your portfolio with Simply Wall St, where you can monitor all the vital signs of your stocks effortlessly.
• Maximize your investment potential with Simply Wall St, the comprehensive app that offers global market insights for free.

Want To Explore Some Alternatives?

• 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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