Top Dividend Stocks To Consider In November 2024

As global markets navigate a landscape marked by record highs in U.S. indexes and geopolitical uncertainties, investors are keenly observing the Federal Reserve's upcoming decisions on interest rates amid strong labor market indicators. While European business activity shows signs of contraction, optimism persists with expectations for potential monetary policy easing by the ECB, adding further complexity to investment strategies. In this environment, dividend stocks can offer stability and income potential; they may be particularly appealing as investors seek reliable returns amidst fluctuating market conditions.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Guaranty Trust Holding (NGSE:GTCO)	7.01%	★★★★★★
Peoples Bancorp (NasdaqGS:PEBO)	4.47%	★★★★★★
Wuliangye YibinLtd (SZSE:000858)	3.25%	★★★★★★
China South Publishing & Media Group (SHSE:601098)	4.57%	★★★★★★
Padma Oil (DSE:PADMAOIL)	6.72%	★★★★★★
GakkyushaLtd (TSE:9769)	4.51%	★★★★★★
Financial Institutions (NasdaqGS:FISI)	4.30%	★★★★★★
HUAYU Automotive Systems (SHSE:600741)	4.37%	★★★★★★
Citizens & Northern (NasdaqCM:CZNC)	5.41%	★★★★★★
Premier Financial (NasdaqGS:PFC)	4.30%	★★★★★★

Click here to see the full list of 1947 stocks from our Top Dividend Stocks screener.

Below we spotlight a couple of our favorites from our exclusive screener.

Cica-Huntek Chemical Technology Taiwan (TPEX:6725)

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

Overview: Cica-Huntek Chemical Technology Taiwan Co., Ltd. operates in the chemical technology sector and has a market cap of NT$4.69 billion.

Operations: Cica-Huntek Chemical Technology Taiwan Co., Ltd. generates its revenue primarily from Engineering Services, amounting to NT$3.17 billion.

Dividend Yield: 4.9%

Cica-Huntek Chemical Technology Taiwan's dividend profile shows promise for income-focused investors. With a payout ratio of 43.7%, dividends are well covered by earnings, and the cash payout ratio stands at 38.3%, indicating sustainability. The dividend yield is competitive, ranking in the top 25% of Taiwan's market at 4.93%. However, as dividends have only recently commenced, it's too early to assess their stability or growth potential fully.

• Click to explore a detailed breakdown of our findings in Cica-Huntek Chemical Technology Taiwan's dividend report.
• Our comprehensive valuation report raises the possibility that Cica-Huntek Chemical Technology Taiwan is priced lower than what may be justified by its financials.

Taiwan Sakura (TWSE:9911)

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

Overview: Taiwan Sakura Corporation manufactures and sells kitchen appliances in Taiwan, with a market cap of NT$18.80 billion.

Operations: Taiwan Sakura Corporation's revenue is primarily derived from its Gas Appliance Division, which accounts for NT$5.76 billion, followed by the Kitchenware Division at NT$2.83 billion.

Dividend Yield: 4.5%

Taiwan Sakura's dividend yield of 4.52% ranks in the top 25% of Taiwan's market, yet it faces sustainability challenges due to a high cash payout ratio of 99.6%. Despite this, dividends have been stable and reliable over the past decade with consistent growth. The company's earnings growth, evidenced by a recent increase in net income to TWD 335.27 million for Q3 2024, supports its reasonable earnings payout ratio of 63.4%, enhancing dividend coverage prospects.

• Click here to discover the nuances of Taiwan Sakura with our detailed analytical dividend report.
• The analysis detailed in our Taiwan Sakura valuation report hints at an inflated share price compared to its estimated value.

Sinyi Realty (TWSE:9940)

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

Overview: Sinyi Realty Inc., along with its subsidiaries, engages in real-estate brokerage and development in Taiwan, Mainland China, and internationally, with a market cap of NT$22.07 billion.

Operations: Sinyi Realty Inc. generates revenue primarily from its Real Estate Brokerage in Taiwan (NT$12.96 billion), Real Estate Development in Taiwan (NT$93.52 million), Real Estate Brokerage in Mainland China and Others (NT$892.06 million), and Tourism operations across Taiwan and Mainland China (totaling NT$25.80 million).

Dividend Yield: 5.3%

Sinyi Realty's dividend yield of 5.34% places it among the top 25% in Taiwan, though its track record is marked by volatility and unreliability over the past decade. Despite this, dividends are well-covered by earnings and cash flows with payout ratios of 60.5% and 46.7%, respectively. Recent financials show a rise in net income to TWD 405.43 million for Q3 2024, indicating potential support for future payouts despite revenue challenges.

• Unlock comprehensive insights into our analysis of Sinyi Realty stock in this dividend report.
• Our expertly prepared valuation report Sinyi Realty implies its share price may be lower than expected.

Key Takeaways

• Gain an insight into the universe of 1947 Top Dividend Stocks by clicking here.
• Shareholder in one or more of these companies? Ensure you're never caught off-guard by adding your portfolio in Simply Wall St for timely alerts on significant stock developments.
• Unlock the power of informed investing with Simply Wall St, your free guide to navigating stock markets worldwide.

Seeking Other Investments?

• 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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