Top Dividend Stocks To Consider In November 2024

As global markets show resilience with U.S. indexes nearing record highs and broad-based gains across various sectors, investors are navigating a landscape shaped by geopolitical tensions and economic indicators like jobless claims at their lowest in seven months. In such an environment, dividend stocks can offer stability and income potential, making them an attractive option for those looking to balance growth with reliable returns amidst ongoing market fluctuations.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Wuliangye YibinLtd (SZSE:000858)	3.23%	★★★★★★
China South Publishing & Media Group (SHSE:601098)	4.51%	★★★★★★
Yamato Kogyo (TSE:5444)	3.81%	★★★★★★
Guangxi LiuYao Group (SHSE:603368)	3.33%	★★★★★★
Padma Oil (DSE:PADMAOIL)	6.67%	★★★★★★
Nihon Parkerizing (TSE:4095)	3.89%	★★★★★★
FALCO HOLDINGS (TSE:4671)	6.83%	★★★★★★
HUAYU Automotive Systems (SHSE:600741)	4.46%	★★★★★★
E J Holdings (TSE:2153)	3.81%	★★★★★★
DoshishaLtd (TSE:7483)	3.78%	★★★★★★

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

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

NOROO PAINT & COATINGS (KOSE:A090350)

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

Overview: NOROO PAINT & COATINGS Co., Ltd. develops, manufactures, and sells paints both in South Korea and internationally, with a market cap of ₩170.03 billion.

Operations: Unfortunately, the specific revenue segments for NOROO PAINT & COATINGS Co., Ltd. are not provided in the text, so I cannot summarize them. If you have additional information on their revenue breakdown, please provide it for a more detailed summary.

Dividend Yield: 4%

NOROO PAINT & COATINGS has demonstrated a stable and growing dividend profile, with payments well-covered by earnings (payout ratio: 23%) and cash flows (cash payout ratio: 14.4%). Despite only a five-year dividend history, its yield is in the top 25% of the KR market. Recent earnings show slight declines in quarterly net income but growth over nine months. The stock trades significantly below estimated fair value, offering potential value for investors seeking dividends.

• Click to explore a detailed breakdown of our findings in NOROO PAINT & COATINGS' dividend report.
• The valuation report we've compiled suggests that NOROO PAINT & COATINGS' current price could be quite moderate.

Nippon Express HoldingsInc (TSE:9147)

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

Overview: Nippon Express Holdings Inc., along with its subsidiaries, offers logistics services and has a market cap of approximately ¥658 billion.

Operations: Nippon Express Holdings Inc.'s revenue segments include Logistics - Japan (¥1.24 billion), Logistics Support (¥419.01 million), Logistics - Europe (¥421.35 million), Logistics - Americas (¥155.56 million), Logistics - East Asia (¥169.29 million), Security Transportation (¥68.59 million), Heavy Goods Construction (¥47.70 million), and Logistics - South Asia/Oceania (¥150.33 million).

Dividend Yield: 3.9%

Nippon Express Holdings' dividend yield of 3.95% ranks in the top 25% of the Japanese market, but its dividends have been volatile and unreliable over the past decade. The high payout ratio of 105% suggests dividends are not well-covered by earnings, although a low cash payout ratio of 21.3% indicates they are supported by cash flows. Despite trading significantly below estimated fair value, large one-off items impact financial results and raise concerns about earnings quality.

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

DEUTZ (XTRA:DEZ)

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

Overview: DEUTZ Aktiengesellschaft is a company that develops, manufactures, and sells diesel and gas engines across various regions including Europe, the Middle East, Africa, the Asia Pacific, and the Americas with a market cap of approximately €554.77 million.

Operations: DEUTZ's revenue is primarily derived from its Classic segment, which accounts for approximately €1.85 billion, with additional contributions from the Green segment totaling €7 million.

Dividend Yield: 4.3%

DEUTZ's dividend yield of 4.25% is below the top 25% in Germany, and its dividends have been volatile over the past decade, indicating an unstable track record. However, with a payout ratio of 44.3%, dividends are well-covered by earnings and cash flows (53.7%). Recent earnings showed a decline with sales at €1.31 billion and net income at €33.8 million, down from last year, potentially impacting future dividend stability despite good relative value trading conditions.

• Delve into the full analysis dividend report here for a deeper understanding of DEUTZ.
• According our valuation report, there's an indication that DEUTZ's share price might be on the cheaper side.

Make It Happen

• Explore the 1960 names from our Top Dividend Stocks screener here.
• Are these companies part of your investment strategy? Use Simply Wall St to consolidate your holdings into a portfolio and gain insights with our comprehensive analysis tools.
• Maximize your investment potential with Simply Wall St, the comprehensive app that offers global market insights for free.

Ready For A Different Approach?

• 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.

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