Top 3 Dividend Stocks To Consider In November 2024

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As global markets navigate the uncertainties surrounding the incoming Trump administration's policies, investors are closely watching sector-specific impacts, with financials and energy gaining traction while healthcare faces challenges. Amidst these fluctuations, dividend stocks can offer a measure of stability and income potential, making them an attractive consideration for those looking to balance risk in a dynamic economic landscape.

Top 10 Dividend Stocks

Name

Dividend Yield

Dividend Rating

Peoples Bancorp (NasdaqGS:PEBO)

4.60%

★★★★★★

Padma Oil (DSE:PADMAOIL)

6.72%

★★★★★★

Financial Institutions (NasdaqGS:FISI)

4.55%

★★★★★★

FALCO HOLDINGS (TSE:4671)

6.85%

★★★★★★

HUAYU Automotive Systems (SHSE:600741)

4.49%

★★★★★★

James Latham (AIM:LTHM)

6.06%

★★★★★★

Citizens & Northern (NasdaqCM:CZNC)

5.65%

★★★★★★

Premier Financial (NasdaqGS:PFC)

4.51%

★★★★★★

Banque Cantonale Vaudoise (SWX:BCVN)

4.95%

★★★★★★

Allianz (XTRA:ALV)

4.74%

★★★★★☆

Click here to see the full list of 1970 stocks from our Top Dividend Stocks screener.

Here we highlight a subset of our preferred stocks from the screener.

Swaraj Engines

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

Overview: Swaraj Engines Limited manufactures and sells diesel engines, components, and spare parts for tractors in India, with a market cap of ₹35.48 billion.

Operations: Swaraj Engines Limited generates revenue of ₹15.13 billion from its diesel engines, components, and spare parts for tractors.

Dividend Yield: 3.3%

Swaraj Engines' dividend yield of 3.25% ranks in the top 25% among Indian dividend payers, though its sustainability is questionable due to a high cash payout ratio of 107.3%. While earnings have grown consistently at 15.5% annually over five years, dividends have been volatile and not reliably covered by free cash flows. Recent earnings growth and a price-to-earnings ratio below the market average suggest value potential, but dividend reliability remains a concern.

NSEI:SWARAJENG Dividend History as at Nov 2024
NSEI:SWARAJENG Dividend History as at Nov 2024

Allmind Holdings

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

Overview: Allmind Holdings Corporation is involved in the development and rental of houses and buildings in Taiwan, with a market capitalization of NT$8.07 billion.

Operations: Allmind Holdings Corporation generates revenue primarily from its real estate development and rental activities in Taiwan.

Dividend Yield: 3.3%

Allmind Holdings' dividend payments are well-covered by earnings and cash flows, with low payout ratios of 8.6% and 7%, respectively. However, the dividend yield of 3.25% is below the top tier in Taiwan, and its track record has been volatile over the past decade despite recent growth. The company's significant earnings increase—net income rising to TWD 2.91 billion for Q3—highlights strong financial performance but does not assure stable dividends going forward.