Stock Analysis

Top Dividend Stocks To Consider In November 2024

TWSE:3705
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As global markets navigate the uncertainties surrounding the incoming Trump administration's policies, investors are witnessing a mixed performance across sectors, with financials and energy gaining traction while healthcare faces challenges. Amidst these shifting dynamics, dividend stocks remain an attractive option for those seeking steady income streams, offering potential stability in times of market volatility.

Top 10 Dividend Stocks

NameDividend YieldDividend Rating
Tsubakimoto Chain (TSE:6371)4.15%★★★★★★
Wuliangye YibinLtd (SZSE:000858)3.15%★★★★★★
CAC Holdings (TSE:4725)4.61%★★★★★★
Guangxi LiuYao Group (SHSE:603368)3.23%★★★★★★
Padma Oil (DSE:PADMAOIL)6.76%★★★★★★
GakkyushaLtd (TSE:9769)4.48%★★★★★★
China South Publishing & Media Group (SHSE:601098)4.37%★★★★★★
FALCO HOLDINGS (TSE:4671)6.75%★★★★★★
HUAYU Automotive Systems (SHSE:600741)4.43%★★★★★★
E J Holdings (TSE:2153)3.80%★★★★★★

Click here to see the full list of 1963 stocks from our Top Dividend Stocks screener.

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

Grupo Aeroportuario del Sureste S. A. B. de C. V (BMV:ASUR B)

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

Overview: Grupo Aeroportuario del Sureste, S.A.B. operates airports in Mexico and internationally, with a market cap of MX$164.01 billion.

Operations: Grupo Aeroportuario del Sureste, S.A.B.'s revenue segments include Cancun at MX$17.17 billion, Colombia at MX$3.12 billion, San Juan, Puerto Rico, US at MX$4.50 billion, Merida at MX$1.41 billion, and Villahermosa at MX$599.27 million.

Dividend Yield: 3.8%

Grupo Aeroportuario del Sureste S.A.B. de C.V. offers a mixed dividend profile with a yield of 3.83%, below the top quartile in Mexico, and an unstable history marked by volatility over the past decade. Despite this, dividends are well-covered by earnings (25.9% payout ratio) and cash flows (54.9% cash payout ratio). Recent results show robust financial growth with Q3 net income rising to MXN 3.38 billion from MXN 2.71 billion year-on-year, supporting dividend sustainability amidst fluctuating passenger traffic figures.

BMV:ASUR B Dividend History as at Nov 2024
BMV:ASUR B Dividend History as at Nov 2024

Nihon Dempa Kogyo (TSE:6779)

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

Overview: Nihon Dempa Kogyo Co., Ltd. manufactures and sells quartz crystal devices across Japan, the rest of Asia, Europe, and North America, with a market cap of ¥22.44 billion.

Operations: Nihon Dempa Kogyo Co., Ltd.'s revenue is derived from its operations in the manufacture and sale of quartz crystal devices across various regions including Japan, other parts of Asia, Europe, and North America.

Dividend Yield: 3.1%

Nihon Dempa Kogyo's dividend profile shows mixed attributes. With a low payout ratio of 13.6%, dividends are well-covered by earnings, and the cash payout ratio of 67.4% indicates coverage by cash flows. However, its dividend yield of 3.08% is below Japan's top quartile, and payments have been volatile over the past decade, raising concerns about reliability despite trading at a significant discount to its estimated fair value.

TSE:6779 Dividend History as at Nov 2024
TSE:6779 Dividend History as at Nov 2024

YungShin Global Holding (TWSE:3705)

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

Overview: YungShin Global Holding Corporation, with a market cap of NT$14.92 billion, operates through its subsidiaries to invest in, manufacture, and sell medicines, animal drugs, agricultural chemicals, industrial medicines, and cosmetics across Taiwan, Mainland China, Japan, and the United States.

Operations: YungShin Global Holding Corporation generates revenue through its subsidiaries by engaging in the production and sale of pharmaceuticals, veterinary products, agrochemicals, industrial medicines, and cosmetics across various international markets.

Dividend Yield: 4.1%

YungShin Global Holding's dividend profile reflects both strengths and weaknesses. Despite a reasonable payout ratio of 59.5% and cash payout ratio of 56.2%, indicating coverage by earnings and cash flows, the dividends have been volatile over the past decade, with annual drops exceeding 20%. Although earnings grew significantly by TWD 201.98 million over the past year, suggesting potential for future stability, its dividend yield of 4.11% remains below Taiwan's top quartile benchmark.

TWSE:3705 Dividend History as at Nov 2024
TWSE:3705 Dividend History as at Nov 2024

Summing It All Up

  • Get an in-depth perspective on all 1963 Top Dividend Stocks by using our screener here.
  • Have you diversified into these companies? Leverage the power of Simply Wall St's portfolio to keep a close eye on market movements affecting your investments.
  • Take control of your financial future using Simply Wall St, offering free, in-depth knowledge of international markets to every investor.

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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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About TWSE:3705

YungShin Global Holding

Through its subsidiaries, invests in, manufactures, and sells medicines, animal drugs, agricultural chemicals, industrial medicines, and cosmetics in Taiwan, the United States, Mainland China, and Japan.

Flawless balance sheet with solid track record and pays a dividend.