Dividend Stocks To Consider In November 2024

As global markets navigate the complexities of a new administration and fluctuating interest rates, investors are keenly observing sectors impacted by recent policy shifts. Amidst this backdrop, dividend stocks continue to attract attention for their potential to offer consistent returns through regular income distributions. In such uncertain times, a good dividend stock is often characterized by its ability to maintain stable payouts and weather economic volatility, making it an attractive consideration for those seeking steady income streams amidst market fluctuations.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Peoples Bancorp (NasdaqGS:PEBO)	4.60%	★★★★★★
Nihon Parkerizing (TSE:4095)	3.96%	★★★★★★
Guangxi LiuYao Group (SHSE:603368)	3.16%	★★★★★★
Padma Oil (DSE:PADMAOIL)	6.79%	★★★★★★
FALCO HOLDINGS (TSE:4671)	6.82%	★★★★★★
Petrol d.d (LJSE:PETG)	5.84%	★★★★★★
HUAYU Automotive Systems (SHSE:600741)	4.49%	★★★★★★
Citizens & Northern (NasdaqCM:CZNC)	5.65%	★★★★★★
Premier Financial (NasdaqGS:PFC)	4.51%	★★★★★★
Banque Cantonale Vaudoise (SWX:BCVN)	4.93%	★★★★★★

Click here to see the full list of 1968 stocks from our Top Dividend Stocks screener.

Let's explore several standout options from the results in the screener.

Hanwha Life Insurance (KOSE:A088350)

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

Overview: Hanwha Life Insurance Co., Ltd. offers a range of insurance products to both individual and corporate clients across South Korea, Vietnam, China, Indonesia, and other international markets with a market cap of ₩2.05 trillion.

Operations: Hanwha Life Insurance Co., Ltd.'s revenue is primarily derived from its Insurance segment at ₩20.26 trillion, followed by Certificate at ₩2.04 trillion and Non-financial activities at ₩2.52 trillion, with additional contributions from Other Finance amounting to ₩201.65 billion.

Dividend Yield: 5.5%

Hanwha Life Insurance offers a compelling dividend profile with a low payout ratio of 20.7%, ensuring dividends are well covered by earnings and cash flows. Its dividend yield is in the top 25% of the KR market, though it has only been paying dividends for five years. Despite recent profit margin declines, its valuation remains attractive compared to peers. However, large one-off items have impacted financial results recently, which could affect future stability.

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

Xi'an Shaangu Power (SHSE:601369)

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

Overview: Xi'an Shaangu Power Co., Ltd. offers systematic solutions and services in the People’s Republic of China, with a market capitalization of approximately CN¥15.53 billion.

Operations: Xi'an Shaangu Power Co., Ltd. generates its revenue through providing comprehensive solutions and services within China.

Dividend Yield: 3.8%

Xi'an Shaangu Power's dividend yield is among the top 25% in China, but its sustainability is questionable due to a high payout ratio of 101.2%, indicating dividends are not well covered by earnings. Although cash flows cover payouts with a cash payout ratio of 78.3%, the company's dividend history has been unreliable and volatile over the past decade. Despite this, it trades at a favorable price-to-earnings ratio compared to the market average.

• Dive into the specifics of Xi'an Shaangu Power here with our thorough dividend report.
• Insights from our recent valuation report point to the potential undervaluation of Xi'an Shaangu Power shares in the market.

Global Brands Manufacture (TWSE:6191)

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

Overview: Global Brands Manufacture Ltd., along with its subsidiaries, operates in the production of printed circuit boards (PCB) and electronic manufacturing services (EMS) in Taiwan, with a market capitalization of NT$26.61 billion.

Operations: Global Brands Manufacture Ltd. generates its revenue through the production of printed circuit boards (PCB) and electronic manufacturing services (EMS) in Taiwan.

Dividend Yield: 5.8%

Global Brands Manufacture's dividend yield ranks in the top 25% of Taiwan's market, supported by a reasonable payout ratio of 51% and cash flow coverage at 71.5%. Despite this, the dividend history has been volatile over its eight-year span. Recent earnings reports show declining sales and net income, with third-quarter sales at TWD 5.9 billion and net income at TWD 901.92 million, reflecting challenges that may impact future dividends' stability.

• Click here to discover the nuances of Global Brands Manufacture with our detailed analytical dividend report.
• The valuation report we've compiled suggests that Global Brands Manufacture's current price could be quite moderate.

Key Takeaways

• Get an in-depth perspective on all 1968 Top Dividend Stocks by using our screener here.
• Got skin in the game with these stocks? Elevate how you manage them by using Simply Wall St's portfolio, where intuitive tools await to help optimize your investment outcomes.
• Streamline your investment strategy with Simply Wall St's app for free and benefit from extensive research on stocks across all corners of the world.

Curious About Other Options?

• 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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