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, investors are closely monitoring potential shifts in fiscal policies that could influence growth and inflation expectations. In this dynamic environment, dividend stocks can offer a compelling option for those seeking steady income streams amidst market volatility, as they often provide regular payouts which may help cushion against economic uncertainties.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Peoples Bancorp (NasdaqGS:PEBO)	4.63%	★★★★★★
Guaranty Trust Holding (NGSE:GTCO)	6.90%	★★★★★★
Allianz (XTRA:ALV)	4.81%	★★★★★★
Financial Institutions (NasdaqGS:FISI)	4.45%	★★★★★★
E J Holdings (TSE:2153)	3.82%	★★★★★★
Kwong Lung Enterprise (TPEX:8916)	6.32%	★★★★★★
James Latham (AIM:LTHM)	6.15%	★★★★★★
Premier Financial (NasdaqGS:PFC)	4.47%	★★★★★★
Citizens & Northern (NasdaqCM:CZNC)	5.43%	★★★★★★
Banque Cantonale Vaudoise (SWX:BCVN)	4.93%	★★★★★★

Click here to see the full list of 1937 stocks from our Top Dividend Stocks screener.

Underneath we present a selection of stocks filtered out by our screen.

Akbank T.A.S (IBSE:AKBNK)

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

Overview: Akbank T.A.S., along with its subsidiaries, offers a range of banking products and services both in Turkey and internationally, with a market cap of TRY266.24 billion.

Operations: Akbank T.A.S. generates revenue through its diverse banking products and services offered domestically and internationally.

Dividend Yield: 3.6%

Akbank T.A.S. has seen a decline in net income and earnings per share for Q3 2024 compared to the previous year, with profit margins also decreasing from 52.9% to 36.1%. Despite a volatile dividend history over the past decade, current dividends are well covered by earnings with a low payout ratio of 20.7%, and they are forecasted to remain sustainable in three years at a 14.6% payout ratio. The dividend yield is competitive within Turkey's market, but high levels of non-performing loans (2.5%) pose concerns about financial stability.

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

Yapi ve Kredi Bankasi (IBSE:YKBNK)

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

Overview: Yapi ve Kredi Bankasi A.S., along with its subsidiaries, offers a range of banking products and services both in Turkey and internationally, with a market cap of TRY214.05 billion.

Operations: Yapi ve Kredi Bankasi generates revenue through several segments, including Corporate Banking (TRY13.81 billion), Other Foreign Operations (TRY4.95 billion), Other Domestic Operations (TRY12.60 billion), Commercial and SME Banking (TRY51.26 billion), and Retail Banking, which includes Private Banking and Wealth Management (TRY80.12 billion).

Dividend Yield: 4.6%

Yapi ve Kredi Bankasi reported a significant drop in net income for the first nine months of 2024, impacting profit margins, which fell from 51.3% to 35.5%. Despite this, its dividend yield is among the top in Turkey's market at 4.78%, supported by a low payout ratio of 24.5%, indicating dividends are well covered by earnings and forecasted to remain sustainable with a future payout ratio of 16.2%. However, dividend payments have been volatile over the past decade and high non-performing loans at 3% raise concerns about financial stability.

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

Taiwan Fu Hsing IndustrialLtd (TWSE:9924)

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

Overview: Taiwan Fu Hsing Industrial Co., Ltd. manufactures and sells door locks, related accessories, and furniture globally, with a market cap of NT$11.12 billion.

Operations: Taiwan Fu Hsing Industrial Co., Ltd.'s revenue segments include NT$11.91 billion from Asia and NT$86.14 million from America.

Dividend Yield: 5.1%

Taiwan Fu Hsing Industrial's dividend yield of 5.08% ranks in the top 25% on the TW market, supported by a sustainable payout ratio of 51.2%. However, its dividends have been volatile over the past decade despite recent increases. The company trades at a significant discount to its estimated fair value and maintains strong earnings coverage for dividends with a cash payout ratio of 41.6%. Recent Q2 results showed increased net income despite slight sales decline.

• Click here to discover the nuances of Taiwan Fu Hsing IndustrialLtd with our detailed analytical dividend report.
• Insights from our recent valuation report point to the potential undervaluation of Taiwan Fu Hsing IndustrialLtd shares in the market.

Next Steps

• Access the full spectrum of 1937 Top Dividend Stocks by clicking on this link.
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Searching for a Fresh Perspective?

• Explore high-performing small cap companies that haven't yet garnered significant analyst attention.
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• 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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