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 on optimism for growth and tax reforms, investors are keenly observing how these developments might impact their portfolios. Amidst this backdrop of economic shifts and policy changes, dividend stocks present a compelling option for those seeking income stability in an evolving market environment.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Peoples Bancorp (NasdaqGS:PEBO)	4.53%	★★★★★★
Tsubakimoto Chain (TSE:6371)	4.18%	★★★★★★
GakkyushaLtd (TSE:9769)	4.54%	★★★★★★
Financial Institutions (NasdaqGS:FISI)	4.42%	★★★★★★
FALCO HOLDINGS (TSE:4671)	6.78%	★★★★★★
E J Holdings (TSE:2153)	3.86%	★★★★★★
James Latham (AIM:LTHM)	6.13%	★★★★★★
Premier Financial (NasdaqGS:PFC)	4.38%	★★★★★★
Citizens & Northern (NasdaqCM:CZNC)	5.44%	★★★★★★
Banque Cantonale Vaudoise (SWX:BCVN)	4.90%	★★★★★★

Click here to see the full list of 1939 stocks from our Top Dividend Stocks screener.

We'll examine a selection from our screener results.

Multicampus (KOSDAQ:A067280)

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

Overview: Multicampus Corporation operates in the education sector, focusing on human resource development systems primarily in South Korea, with a market cap of ₩171.88 billion.

Operations: Multicampus Corporation generates revenue from its Educational Business segment, amounting to ₩355.87 billion.

Dividend Yield: 5.5%

Multicampus offers a compelling dividend profile, with its dividends well-covered by earnings (payout ratio: 30.3%) and cash flows (cash payout ratio: 19.1%). Despite only a five-year dividend history, payments have been stable and reliable. The current yield of 5.52% ranks in the top quartile of the Korean market. However, recent earnings showed slight declines, potentially impacting future payouts if trends continue without improvement in sales or net income growth.

• Unlock comprehensive insights into our analysis of Multicampus stock in this dividend report.
• In light of our recent valuation report, it seems possible that Multicampus is trading behind its estimated value.

SpareBank 1 Helgeland (OB:HELG)

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

Overview: SpareBank 1 Helgeland offers a range of financial products and services to retail customers, small and medium enterprises, municipal authorities, and institutions in Norway, with a market cap of NOK3.83 billion.

Operations: SpareBank 1 Helgeland's revenue segments include NOK462 million from the retail sector and NOK271 million from the corporate market.

Dividend Yield: 7.4%

SpareBank 1 Helgeland's dividend prospects are mixed. While dividends are covered by earnings with a payout ratio of 70.4% and forecasted to remain sustainable, their historical volatility raises concerns about reliability. Recent earnings show growth, with net income rising to NOK 155 million in Q3 2024 from NOK 134 million the previous year. However, the current yield of 7.35% is below top-tier Norwegian payers, and dividends have been historically unstable despite some growth over a decade.

• Click to explore a detailed breakdown of our findings in SpareBank 1 Helgeland's dividend report.
• Insights from our recent valuation report point to the potential overvaluation of SpareBank 1 Helgeland shares in the market.

Dom Development (WSE:DOM)

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

Overview: Dom Development S.A. operates in Poland, focusing on the development and sale of residential and commercial real estate properties, with a market cap of PLN4.99 billion.

Operations: Dom Development S.A.'s revenue is primarily derived from its home building segment, encompassing residential and commercial properties, totaling PLN2.65 billion.

Dividend Yield: 6.5%

Dom Development's dividend profile is mixed. The company has a stable history of dividend payments over the past decade, with recent growth in earnings and sales, including PLN 663.7 million in Q2 2024 sales. However, its cash payout ratio of 161.2% suggests dividends are not well covered by free cash flows, raising sustainability concerns despite a low earnings payout ratio of 35.7%. The current yield is lower than top Polish payers at 6.52%.

• Take a closer look at Dom Development's potential here in our dividend report.
• Our comprehensive valuation report raises the possibility that Dom Development is priced higher than what may be justified by its financials.

Make It Happen

• Reveal the 1939 hidden gems among our Top Dividend Stocks screener with a single click here.
• Are any of these part of your asset mix? Tap into the analytical power of Simply Wall St's portfolio to get a 360-degree view on how they're shaping up.
• 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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