Top Dividend Stocks To Consider In November 2024

As global markets experience broad-based gains with U.S. indexes nearing record highs and positive economic indicators like falling jobless claims, investors are keeping a keen eye on dividend stocks as a potential source of steady income amid ongoing geopolitical uncertainties. In such an environment, selecting dividend stocks with strong fundamentals and consistent payout histories can be an effective strategy for those looking to balance growth opportunities with income stability.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Guaranty Trust Holding (NGSE:GTCO)	7.01%	★★★★★★
Peoples Bancorp (NasdaqGS:PEBO)	4.44%	★★★★★★
Padma Oil (DSE:PADMAOIL)	6.72%	★★★★★★
Financial Institutions (NasdaqGS:FISI)	4.25%	★★★★★★
Nihon Parkerizing (TSE:4095)	3.90%	★★★★★★
Citizens & Northern (NasdaqCM:CZNC)	5.45%	★★★★★★
Premier Financial (NasdaqGS:PFC)	4.35%	★★★★★★
James Latham (AIM:LTHM)	6.06%	★★★★★★
DoshishaLtd (TSE:7483)	3.80%	★★★★★★
Banque Cantonale Vaudoise (SWX:BCVN)	4.77%	★★★★★★

Click here to see the full list of 1955 stocks from our Top Dividend Stocks screener.

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

S-1 (KOSE:A012750)

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

Overview: S-1 Corporation offers safety and security services both in South Korea and internationally, with a market cap of ₩2.10 trillion.

Operations: Unfortunately, the provided text does not contain specific details about the revenue segments for S-1 Corporation. If you have access to more detailed financial data or a different section of the business operations text that includes this information, please share it so I can assist you further.

Dividend Yield: 4.4%

S-1 Corporation's dividend is well-supported by earnings and cash flows, with a payout ratio of 46.5% and a cash payout ratio of 31.8%. The dividend yield of 4.39% ranks in the top quartile within the KR market, though it has only been paid for five years. Recent earnings growth of 22.9% supports sustainability, as reflected in Q3 net income rising to KRW 54 billion from KRW 42 billion year-over-year, indicating robust financial health.

• Get an in-depth perspective on S-1's performance by reading our dividend report here.
• According our valuation report, there's an indication that S-1's share price might be on the cheaper side.

SYN-TECH Chem. & Pharm (TPEX:1777)

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

Overview: SYN-TECH Chem. & Pharm. Co., Ltd. manufactures and sells active pharmaceutical ingredients (APIs) in Taiwan and internationally, with a market cap of NT$4.33 billion.

Operations: SYN-TECH Chem. & Pharm. Co., Ltd.'s revenue is derived from the manufacturing and sale of active pharmaceutical ingredients (APIs) both domestically in Taiwan and on an international scale.

Dividend Yield: 3.5%

SYN-TECH Chem. & Pharm.'s dividend payments are covered by earnings and cash flows, with a payout ratio of 51.4% and a cash payout ratio of 40.1%. Despite the coverage, the dividend history has been volatile over the past decade, though there has been growth in payments during this period. Recent Q3 results show net income increased to TWD 116.02 million from TWD 92.48 million year-over-year, indicating strong financial performance which may support future dividends despite their unreliability historically.

• Dive into the specifics of SYN-TECH Chem. & Pharm here with our thorough dividend report.
• Upon reviewing our latest valuation report, SYN-TECH Chem. & Pharm's share price might be too optimistic.

Wowprime (TWSE:2727)

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

Overview: Wowprime Corp. operates restaurants and coffee/tea shops in Taiwan and Mainland China, with a market cap of NT$19.05 billion.

Operations: Wowprime Corp.'s revenue is derived from its operations in the Taiwan Area, contributing NT$17.90 billion, and the Mainland Area, contributing NT$4.36 billion.

Dividend Yield: 6.4%

Wowprime's dividend yield of 6.36% is among the top in Taiwan, but its reliability is questionable due to volatility and a high payout ratio of 95.4%, indicating dividends aren't well covered by earnings. However, cash flows adequately cover dividends with a cash payout ratio of 47.6%. Despite recent earnings showing slight declines—TWD 362.76 million net income for Q3 compared to TWD 377.71 million last year—the stock trades at significant value below fair estimates, suggesting potential appeal for value-focused investors despite dividend risks.

• Take a closer look at Wowprime's potential here in our dividend report.
• Our valuation report here indicates Wowprime may be undervalued.

Seize The Opportunity

• Embark on your investment journey to our 1955 Top Dividend Stocks selection here.
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Searching for a Fresh Perspective?

• 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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