Top Dividend Stocks For November 2024

As global markets navigate a tumultuous period marked by mixed earnings reports and economic uncertainties, investors are increasingly turning their attention to dividend stocks as a potential source of stability and income. In this environment, where growth stocks have generally lagged behind value shares, identifying robust dividend-paying companies can be an effective strategy for those seeking to balance risk and reward while capitalizing on steady income streams.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Tsubakimoto Chain (TSE:6371)	4.08%	★★★★★★
Peoples Bancorp (NasdaqGS:PEBO)	4.52%	★★★★★★
Globeride (TSE:7990)	4.04%	★★★★★★
Guangxi LiuYao Group (SHSE:603368)	3.16%	★★★★★★
Innotech (TSE:9880)	4.75%	★★★★★★
Business Brain Showa-Ota (TSE:9658)	4.11%	★★★★★★
FALCO HOLDINGS (TSE:4671)	6.55%	★★★★★★
James Latham (AIM:LTHM)	6.23%	★★★★★★
Citizens & Northern (NasdaqCM:CZNC)	5.44%	★★★★★★
Banque Cantonale Vaudoise (SWX:BCVN)	4.94%	★★★★★★

Click here to see the full list of 1932 stocks from our Top Dividend Stocks screener.

Here's a peek at a few of the choices from the screener.

Pinthong Industrial Park (SET:PIN)

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

Overview: Pinthong Industrial Park Public Company Limited, with a market cap of THB7.48 billion, develops and rents real estate projects in Thailand through its subsidiaries.

Operations: Pinthong Industrial Park Public Company Limited generates revenue primarily from its industrial estate segment, which amounted to THB4.33 billion.

Dividend Yield: 9.1%

Pinthong Industrial Park offers a strong dividend yield of 9.15%, placing it in the top 25% of Thai market payers, supported by low payout ratios from earnings (35.8%) and cash flows (28.4%). Despite only three years of dividends, payments have been stable. Earnings surged by THB 418.55 million in Q2 2024 but are forecasted to decline annually by 19.6% over the next three years, posing potential risks to future dividend growth stability.

• Get an in-depth perspective on Pinthong Industrial Park's performance by reading our dividend report here.
• Insights from our recent valuation report point to the potential undervaluation of Pinthong Industrial Park shares in the market.

Tibet Rhodiola Pharmaceutical Holding (SHSE:600211)

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

Overview: Tibet Rhodiola Pharmaceutical Holding Co. operates in the pharmaceutical industry, focusing on the development and sale of traditional Tibetan medicine, with a market cap of CN¥12.96 billion.

Operations: Tibet Rhodiola Pharmaceutical Holding Co. generates its revenue primarily from the development and sale of traditional Tibetan medicine.

Dividend Yield: 3.8%

Tibet Rhodiola Pharmaceutical Holding's dividend yield of 3.82% ranks in the top 25% of CN market payers, supported by a payout ratio of 66.9%, indicating coverage by earnings and cash flows (48.9%). However, its dividend history is marked by volatility and unreliability over the past decade despite some growth. Recent earnings for the nine months ended September 2024 show a decline in sales to CNY 2.18 billion, with net income dropping to CNY 791.87 million from last year.

• Navigate through the intricacies of Tibet Rhodiola Pharmaceutical Holding with our comprehensive dividend report here.
• According our valuation report, there's an indication that Tibet Rhodiola Pharmaceutical Holding's share price might be on the cheaper side.

Compal Electronics (TWSE:2324)

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

Overview: Compal Electronics, Inc. manufactures and sells notebook PCs, monitors, LCD TVs, mobile phones, and various components and peripherals across Taiwan, the United States, China, the Netherlands, and internationally with a market cap of approximately NT$166.22 billion.

Operations: Compal Electronics generates revenue from its Information Technology products segment, which accounts for NT$878.34 billion, and its Strategy Integration Product Segment, contributing NT$52.71 billion.

Dividend Yield: 3.1%

Compal Electronics' dividend yield of 3.15% is below the top 25% in the TW market, with a payout ratio of 58.4%, indicating coverage by earnings and cash flows (15.4%). Despite past volatility in dividends, recent earnings show improvement; net income for Q2 2024 increased to TWD 2.88 billion from TWD 2.09 billion last year, suggesting potential stability moving forward amidst ongoing company presentations and executive changes.

• Delve into the full analysis dividend report here for a deeper understanding of Compal Electronics.
• Our comprehensive valuation report raises the possibility that Compal Electronics is priced lower than what may be justified by its financials.

Make It Happen

• Unlock more gems! Our Top Dividend Stocks screener has unearthed 1929 more companies for you to explore.Click here to unveil our expertly curated list of 1932 Top Dividend Stocks.
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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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