November 2024's Leading Dividend Stocks To Consider

As global markets navigate a turbulent week with mixed economic signals and cautious earnings reports, investors are keenly observing the performance of major indices, which have mostly ended lower despite some intraday highs. In this climate of uncertainty, dividend stocks often stand out as attractive options for their potential to provide steady income streams and mitigate volatility, making them worth considering in a diversified investment strategy.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Peoples Bancorp (NasdaqGS:PEBO)	5.20%	★★★★★★
Intelligent Wave (TSE:4847)	3.97%	★★★★★★
Financial Institutions (NasdaqGS:FISI)	5.00%	★★★★★★
Innotech (TSE:9880)	4.86%	★★★★★★
CAC Holdings (TSE:4725)	4.62%	★★★★★★
Southside Bancshares (NasdaqGS:SBSI)	4.51%	★★★★★★
Business Brain Showa-Ota (TSE:9658)	4.22%	★★★★★★
Premier Financial (NasdaqGS:PFC)	5.03%	★★★★★★
Citizens & Northern (NasdaqCM:CZNC)	5.92%	★★★★★★
Banque Cantonale Vaudoise (SWX:BCVN)	4.99%	★★★★★★

Click here to see the full list of 2040 stocks from our Top Dividend Stocks screener.

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

Loomis (OM:LOOMIS)

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

Overview: Loomis AB (publ) offers solutions for the distribution, payments, handling, storage, and recycling of cash and other valuables with a market cap of SEK23.04 billion.

Operations: Loomis AB (publ) generates revenue through its segments, including Loomis Pay with SEK94 million, Europe and Latin America contributing SEK14.49 billion, and the United States of America adding SEK15.48 billion.

Dividend Yield: 3.7%

Loomis's dividend payments are covered by earnings with a payout ratio of 56.8% and well-supported by cash flows, evidenced by a low cash payout ratio of 20.8%. However, its dividend yield of 3.75% is below the top quartile in the Swedish market, and past dividends have been volatile over the last decade. Recent buybacks totaling SEK 399.75 million could positively impact future dividend sustainability amidst growing earnings reported for Q3 2024.

• Delve into the full analysis dividend report here for a deeper understanding of Loomis.
• Our valuation report unveils the possibility Loomis' shares may be trading at a discount.

ShenZhen YUTO Packaging Technology (SZSE:002831)

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

Overview: ShenZhen YUTO Packaging Technology Co., Ltd. operates in the packaging industry and has a market cap of CN¥23.46 billion.

Operations: ShenZhen YUTO Packaging Technology Co., Ltd. generates revenue primarily from its Paper Packaging segment, which amounts to CN¥16.27 billion.

Dividend Yield: 3.7%

ShenZhen YUTO Packaging Technology's dividend yield of 3.7% ranks in the top 25% of the Chinese market. While dividends are covered by earnings (55.2% payout ratio) and cash flows (58.6% cash payout ratio), their reliability is questionable due to volatility over seven years, including significant annual drops. Recent earnings growth, with net income reaching CNY 1.11 billion for nine months ending September 2024, may support future payouts despite historical instability in dividend payments.

• Click here to discover the nuances of ShenZhen YUTO Packaging Technology with our detailed analytical dividend report.
• Upon reviewing our latest valuation report, ShenZhen YUTO Packaging Technology's share price might be too pessimistic.

Macnica Galaxy (TPEX:6227)

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

Overview: Macnica Galaxy Inc. operates in the agency trading and technical service of semiconductor electronic components across Taiwan, Asia, and internationally, with a market cap of NT$5.41 billion.

Operations: Macnica Galaxy Inc.'s revenue segments include NT$11.04 billion from Macnica Galaxy Inc. and NT$1.30 billion from Macnica Galaxy International.

Dividend Yield: 3.5%

Macnica Galaxy's dividends are well covered by earnings (48.3% payout ratio) and cash flows (6.2% cash payout ratio), but the dividend track record is unstable with volatility over the past decade. Despite a low yield of 3.52%, below Taiwan's top quartile, recent earnings improvements—net income rose to TWD 137.34 million in Q2 2024 from TWD 85.7 million a year earlier—may provide some support for future payouts amidst historical unreliability in dividend growth and stability.

• Get an in-depth perspective on Macnica Galaxy's performance by reading our dividend report here.
• Our expertly prepared valuation report Macnica Galaxy implies its share price may be lower than expected.

Next Steps

• Reveal the 2040 hidden gems among our Top Dividend Stocks screener with a single click here.
• Have a stake in these businesses? Integrate your holdings into Simply Wall St's portfolio for notifications and detailed stock reports.
• Join a community of smart investors by using Simply Wall St. It's free and delivers expert-level analysis on worldwide markets.

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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