Top Dividend Stocks To Consider In November 2024

As global markets navigate the uncertainties surrounding the incoming Trump administration's policies, investors are witnessing fluctuations in major indices and sector performances. With financials and energy shares benefiting from deregulation hopes while healthcare faces challenges, dividend stocks can offer a stable income stream amid such market volatility. In this context, selecting robust dividend stocks becomes crucial as they can provide consistent returns regardless of broader economic shifts.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Guaranty Trust Holding (NGSE:GTCO)	6.61%	★★★★★★
Allianz (XTRA:ALV)	4.84%	★★★★★★
Padma Oil (DSE:PADMAOIL)	6.76%	★★★★★★
Financial Institutions (NasdaqGS:FISI)	4.55%	★★★★★★
China South Publishing & Media Group (SHSE:601098)	4.37%	★★★★★★
Petrol d.d (LJSE:PETG)	5.84%	★★★★★★
James Latham (AIM:LTHM)	5.97%	★★★★★★
Citizens & Northern (NasdaqCM:CZNC)	5.59%	★★★★★★
Premier Financial (NasdaqGS:PFC)	4.49%	★★★★★★
Banque Cantonale Vaudoise (SWX:BCVN)	4.93%	★★★★★★

Click here to see the full list of 1980 stocks from our Top Dividend Stocks screener.

Let's take a closer look at a couple of our picks from the screened companies.

PTT Exploration and Production (SET:PTTEP)

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

Overview: PTT Exploration and Production Public Company Limited, along with its subsidiaries, is involved in the exploration and production of petroleum both in Thailand and internationally, with a market cap of THB506.17 billion.

Operations: PTT Exploration and Production's revenue primarily comes from its operations in Southeast Asia - Thailand ($5.45 billion), other regions within Southeast Asia ($2.25 billion), the Middle East ($1.12 billion), Africa ($353 million), and other exploration and production activities ($61 million).

Dividend Yield: 7.4%

PTT Exploration and Production offers a dividend yield of 7.37%, placing it in the top 25% of Thai market payers, with dividends covered by earnings (53.9%) and cash flows (39.8%). Despite this, its dividend track record has been unstable over the past decade. Recent earnings reports show steady performance with slight revenue growth but unchanged net income year-on-year, amidst significant executive changes in their finance department.

• Take a closer look at PTT Exploration and Production's potential here in our dividend report.
• The analysis detailed in our PTT Exploration and Production valuation report hints at an deflated share price compared to its estimated value.

SPARX Group (TSE:8739)

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

Overview: SPARX Group Co., Ltd. is a publicly owned asset management holding company with a market cap of ¥53.70 billion.

Operations: SPARX Group Co., Ltd. generates revenue primarily from its Investment Trust and Investment Advisory Business, amounting to ¥17.28 billion.

Dividend Yield: 4.8%

SPARX Group maintains a high dividend yield of 4.81%, ranking in the top 25% of Japanese market payers, supported by stable and growing payments over the past decade. Its dividends are well-covered by earnings (48% payout ratio) and cash flows (60.2% cash payout ratio), indicating sustainability. A recent buyback program aims to enhance shareholder returns, with ¥300 million allocated for repurchasing shares, potentially boosting capital efficiency and shareholder value further.

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

Mitsubishi Logistics (TSE:9301)

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

Overview: Mitsubishi Logistics Corporation offers logistic services both in Japan and internationally, with a market cap of ¥377.81 billion.

Operations: Mitsubishi Logistics Corporation generates revenue from two main segments: Real Estate, contributing ¥38.83 billion, and the Logistics Business, which accounts for ¥226.27 billion.

Dividend Yield: 3%

Mitsubishi Logistics offers a dividend yield of 3.03%, which is below the top 25% of Japanese market payers. Despite stable and growing dividends over the past decade, its high cash payout ratio (91%) raises concerns about sustainability. Recent share buybacks, including a ¥10 billion program for repurchasing 15 million shares, aim to enhance shareholder returns and capital efficiency. The company also announced a stock split effective November 1, 2024.

• Click to explore a detailed breakdown of our findings in Mitsubishi Logistics' dividend report.
• Insights from our recent valuation report point to the potential overvaluation of Mitsubishi Logistics shares in the market.

Key Takeaways

• Delve into our full catalog of 1980 Top Dividend Stocks 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.
• Take control of your financial future using Simply Wall St, offering free, in-depth knowledge of international markets to every investor.

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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