Top Dividend Stocks To Consider In November 2024

As global markets navigate a period marked by mixed earnings reports and fluctuating labor data, investors are witnessing a week of volatility with major indices like the Nasdaq Composite and S&P MidCap 400 experiencing highs followed by sharp declines. Amidst these dynamic conditions, dividend stocks continue to attract attention for their potential to provide steady income streams, offering a measure of stability in an otherwise uncertain economic landscape.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Tsubakimoto Chain (TSE:6371)	4.18%	★★★★★★
Mitsubishi Shokuhin (TSE:7451)	3.82%	★★★★★★
Globeride (TSE:7990)	4.11%	★★★★★★
Guangxi LiuYao Group (SHSE:603368)	3.23%	★★★★★★
CAC Holdings (TSE:4725)	4.61%	★★★★★★
Business Brain Showa-Ota (TSE:9658)	4.19%	★★★★★★
FALCO HOLDINGS (TSE:4671)	6.52%	★★★★★★
Kwong Lung Enterprise (TPEX:8916)	6.35%	★★★★★★
GakkyushaLtd (TSE:9769)	4.62%	★★★★★★
KurimotoLtd (TSE:5602)	4.99%	★★★★★★

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

We'll examine a selection from our screener results.

Grupo Financiero Banorte. de (BMV:GFNORTE O)

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

Overview: Grupo Financiero Banorte, S.A.B. de C.V. operates through its subsidiaries to provide banking and financial products and services in Mexico and internationally, with a market cap of MX$408.61 billion.

Operations: Grupo Financiero Banorte, S.A.B. de C.V., primarily generates revenue through its subsidiaries by offering a range of banking and financial services in Mexico and international markets.

Dividend Yield: 3.5%

Grupo Financiero Banorte's dividend payments have been volatile over the past decade, though they are currently well-covered by earnings with a payout ratio of 27%. Despite trading at 17.4% below estimated fair value, its dividend yield of 3.49% is lower than the top quartile in Mexico. Recent earnings show growth, with net interest income rising to MX$102.72 billion and net income increasing to MX$42.46 billion for nine months ending September 2024. Additionally, a share repurchase program up to MX$32.34 billion is underway until April 2025, potentially impacting future dividends and stock valuation positively.

• Unlock comprehensive insights into our analysis of Grupo Financiero Banorte. de stock in this dividend report.
• Upon reviewing our latest valuation report, Grupo Financiero Banorte. de's share price might be too pessimistic.

Warom Technology (SHSE:603855)

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

Overview: Warom Technology Incorporated Company manufactures and supplies explosion-proof electrical appliances and related products both in China and internationally, with a market cap of CN¥7.25 billion.

Operations: Warom Technology generates revenue from the manufacture and supply of explosion-proof electrical appliances and related products for both domestic and international markets.

Dividend Yield: 4.6%

Warom Technology's dividend yield of 4.56% ranks in the top 25% of Chinese market payers, supported by a payout ratio of 68.9% and cash flow coverage at 75.3%. While dividends have grown steadily, the company has only a seven-year history of payments. Trading significantly below estimated fair value enhances its appeal for value-focused investors. Recent earnings growth to CNY 321.39 million for nine months ending September 2024 underscores potential for future dividend stability and growth.

• Navigate through the intricacies of Warom Technology with our comprehensive dividend report here.
• The valuation report we've compiled suggests that Warom Technology's current price could be quite moderate.

Zhejiang Jiaxin SilkLtd (SZSE:002404)

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

Overview: Zhejiang Jiaxin Silk Corp., Ltd. manufactures and sells silk products, with a market cap of CN¥3.44 billion.

Operations: Zhejiang Jiaxin Silk Corp., Ltd. generates revenue from its silk product manufacturing and sales operations.

Dividend Yield: 4.9%

Zhejiang Jiaxin Silk's dividend yield of 4.88% places it in the top 25% of Chinese market payers, supported by a payout ratio of 85.6% and a cash payout ratio of 39.7%. The company's dividends have been stable and reliable over the past decade, with consistent growth in payments. Despite recent earnings decline to CNY 151.86 million for nine months ending September 2024, its valuation at 60.9% below estimated fair value may attract value investors seeking high yields.

• Take a closer look at Zhejiang Jiaxin SilkLtd's potential here in our dividend report.
• Our valuation report unveils the possibility Zhejiang Jiaxin SilkLtd's shares may be trading at a discount.

Seize The Opportunity

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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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