Stock Analysis

November 2024's Top Dividend Stocks To Consider

TSE:6357
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As global markets react to the recent U.S. election results, with major indices like the S&P 500 reaching record highs on hopes of economic growth and tax reforms, investors are keenly observing how these developments might impact their portfolios. In this climate of shifting policies and economic indicators, dividend stocks present an attractive option for those looking to balance potential growth with steady income.

Top 10 Dividend Stocks

NameDividend YieldDividend 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)3.81%★★★★★★
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.

We'll examine a selection from our screener results.

Shandong Sunway Chemical Group (SZSE:002469)

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

Overview: Shandong Sunway Chemical Group Co., Ltd. offers engineering services in the petrochemical and coal chemical industries in China, with a market cap of CN¥3.71 billion.

Operations: Shandong Sunway Chemical Group Co., Ltd. generates revenue through its provision of engineering services within the petrochemical and coal chemical sectors in China.

Dividend Yield: 3.4%

Shandong Sunway Chemical Group's dividend yield of 3.4% ranks in the top 25% within the Chinese market, yet its dividends have been unreliable and volatile over the past decade. Despite a low cash payout ratio of 21.6%, indicating coverage by cash flows, earnings do not cover dividends due to a high payout ratio of 114.3%. Recent financials show declining revenue and net income for the first nine months of 2024, raising concerns about dividend sustainability.

SZSE:002469 Dividend History as at Nov 2024
SZSE:002469 Dividend History as at Nov 2024

Sansei Technologies (TSE:6357)

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

Overview: Sansei Technologies, Inc. is involved in the planning, design, manufacturing, installation, repair, and maintenance of amusement rides, stage equipment, elevators, and other specialized equipment both in Japan and internationally with a market cap of ¥25.84 billion.

Operations: Sansei Technologies generates revenue from its segments as follows: Amusement Machinery ¥33.14 billion, Stage Equipment ¥16.10 billion, and Elevator ¥6.53 billion.

Dividend Yield: 3.5%

Sansei Technologies' dividend payments have increased over the past decade, supported by a low payout ratio of 30.1%, indicating strong coverage by earnings and cash flows (cash payout ratio at 10.9%). However, the dividend yield of 3.52% is below Japan's top quartile payers, and its historical volatility raises concerns about reliability. Despite trading significantly below estimated fair value, investors should consider the unstable dividend track record when evaluating long-term income potential.

TSE:6357 Dividend History as at Nov 2024
TSE:6357 Dividend History as at Nov 2024

Lite-On Technology (TWSE:2301)

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

Overview: Lite-On Technology Corporation, along with its subsidiaries, focuses on the research, design, development, manufacture, and sale of modules and system solutions, with a market cap of NT$241.53 billion.

Operations: Lite-On Technology Corporation's revenue primarily comes from its Information and Consumer Electronics Segment, generating NT$60.96 billion, followed by the Cloud and IoT Segment at NT$47.74 billion, and the Optoelectronic Department contributing NT$28.58 billion.

Dividend Yield: 4.1%

Lite-On Technology's dividend is covered by earnings and cash flows, with payout ratios of 83.5% and 83.6%, respectively, though its historical volatility raises reliability concerns. Recent earnings showed a decline in net income to TWD 3.39 billion for Q3 2024 from TWD 4.56 billion a year ago, impacting its ability to sustain dividends consistently. Trading at good value compared to peers, the dividend yield of 4.13% remains below Taiwan's top quartile payers' average of 4.42%.

TWSE:2301 Dividend History as at Nov 2024
TWSE:2301 Dividend History as at Nov 2024

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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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