Top Dividend Stocks To Consider In November 2024

As global markets show signs of resilience with U.S. indexes nearing record highs and positive sentiment driven by strong labor market data, investors continue to navigate uncertainties surrounding geopolitical tensions and economic policies. In this environment, dividend stocks can offer a compelling option for those seeking steady income streams amidst broader market fluctuations.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Tsubakimoto Chain (TSE:6371)	4.34%	★★★★★★
CAC Holdings (TSE:4725)	4.55%	★★★★★★
GakkyushaLtd (TSE:9769)	4.55%	★★★★★★
Padma Oil (DSE:PADMAOIL)	6.64%	★★★★★★
Financial Institutions (NasdaqGS:FISI)	4.38%	★★★★★★
E J Holdings (TSE:2153)	3.87%	★★★★★★
Citizens & Northern (NasdaqCM:CZNC)	5.49%	★★★★★★
James Latham (AIM:LTHM)	6.10%	★★★★★★
DoshishaLtd (TSE:7483)	3.86%	★★★★★★
Banque Cantonale Vaudoise (SWX:BCVN)	4.90%	★★★★★★

Click here to see the full list of 1978 stocks from our Top Dividend Stocks screener.

Let's review some notable picks from our screened stocks.

Hanil Holdings (KOSE:A003300)

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

Overview: Hanil Holdings Co., Ltd. operates in South Korea through its subsidiaries by manufacturing and selling construction materials, with a market cap of ₩427.94 billion.

Operations: Hanil Holdings Co., Ltd. generates revenue through its subsidiaries by producing and distributing construction materials in South Korea.

Dividend Yield: 5.8%

Hanil Holdings demonstrates a strong dividend profile with a low payout ratio of 19.7%, ensuring dividends are well covered by earnings. The cash payout ratio is reasonable at 50.1%, indicating sufficient cash flow coverage. Although the company has only paid dividends for five years, payments have been stable and growing, placing its yield in the top 25% of KR market payers at 5.76%. Recent earnings growth of 16.6% further supports dividend sustainability amidst declining sales figures.

• Get an in-depth perspective on Hanil Holdings' performance by reading our dividend report here.
• In light of our recent valuation report, it seems possible that Hanil Holdings is trading behind its estimated value.

Atea (OB:ATEA)

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

Overview: Atea ASA offers IT infrastructure and related solutions to businesses and public sector organizations in the Nordic countries and Baltic regions, with a market cap of NOK14.99 billion.

Operations: Atea ASA generates revenue through its various regional segments, including Norway (NOK8.28 billion), Sweden (NOK12.44 billion), Denmark (NOK7.37 billion), Finland (NOK3.62 billion), and the Baltics (NOK1.76 billion).

Dividend Yield: 5.2%

Atea's dividend payments are covered by cash flow but not by earnings, with a high payout ratio of 101.2%. The dividend yield of 5.19% is low compared to top-tier Norwegian payers, yet dividends have been stable and growing over the past decade. Recent share buybacks may enhance shareholder value. Despite a slight decline in nine-month sales to NOK 23.97 billion, Atea maintains reliable dividend payments supported by consistent earnings growth forecasts of 19.84% annually.

• Click to explore a detailed breakdown of our findings in Atea's dividend report.
• Our valuation report unveils the possibility Atea's shares may be trading at a discount.

Max (TSE:6454)

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

Overview: Max Co., Ltd., along with its subsidiaries, manufactures and sells industrial and office equipment both in Japan and internationally, with a market cap of ¥160.53 billion.

Operations: Max Co., Ltd. generates revenue through its Office Equipment segment at ¥21.38 billion, Industrial Equipment segment at ¥63.90 billion, and Home Care & Rehabilitation Equipment segment at ¥3.32 billion.

Dividend Yield: 3.1%

Max Co., Ltd. has demonstrated stable and growing dividends over the past decade, supported by a payout ratio of 45.7% and cash flow coverage at 52.2%. The company offers a reliable dividend yield of 3.13%, though it is below the top tier in Japan's market. Recent initiatives include a share buyback program worth ¥2.4 billion to enhance shareholder returns and improve capital efficiency, alongside an equity offering of 1,250,000 shares to support growth strategies.

• Take a closer look at Max's potential here in our dividend report.
• Our expertly prepared valuation report Max implies its share price may be too high.

Where To Now?

• Navigate through the entire inventory of 1978 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.
• Maximize your investment potential with Simply Wall St, the comprehensive app that offers global market insights for free.

Ready To Venture Into Other Investment Styles?

• 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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