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Top Dividend Stocks To Consider In November 2024

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As global markets navigate through a period of broad-based gains, with U.S. indexes approaching record highs and positive sentiment bolstered by strong labor market data, investors are increasingly looking to dividend stocks as a stable income source amidst geopolitical uncertainties and economic shifts. In this dynamic environment, selecting dividend stocks that offer consistent payouts and potential for growth can be an effective strategy for those seeking to balance risk while capitalizing on the current market conditions.

Top 10 Dividend Stocks

Name

Dividend Yield

Dividend Rating

Peoples Bancorp (NasdaqGS:PEBO)

4.44%

★★★★★★

CAC Holdings (TSE:4725)

4.56%

★★★★★★

Padma Oil (DSE:PADMAOIL)

6.72%

★★★★★★

Financial Institutions (NasdaqGS:FISI)

4.25%

★★★★★★

Nihon Parkerizing (TSE:4095)

3.90%

★★★★★★

Citizens & Northern (NasdaqCM:CZNC)

5.45%

★★★★★★

Premier Financial (NasdaqGS:PFC)

4.35%

★★★★★★

James Latham (AIM:LTHM)

6.06%

★★★★★★

DoshishaLtd (TSE:7483)

3.80%

★★★★★★

Banque Cantonale Vaudoise (SWX:BCVN)

4.77%

★★★★★★

Click here to see the full list of 1957 stocks from our Top Dividend Stocks screener.

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

Tai Sin Electric

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

Overview: Tai Sin Electric Limited, with a market cap of SGD179.50 million, manufactures and deals in cable and wire products across Singapore, Malaysia, Brunei, Vietnam, Indonesia, Myanmar, Cambodia, Thailand and internationally.

Operations: Tai Sin Electric Limited generates revenue from several segments, including Cable & Wire (SGD272.15 million), Electrical Material Distribution (SGD95.10 million), Test & Inspection (SGD29.72 million), and Switchboard (SGD4.55 million).

Dividend Yield: 5.9%

Tai Sin Electric's dividend payments have shown growth over the past decade but remain volatile, with a 5.95% yield placing them in the top 25% of Singaporean dividend payers. However, dividends are not covered by free cash flow, raising sustainability concerns despite a reasonable payout ratio of 74.1%. Recent board changes aim to refresh leadership and governance structures as part of compliance with tenure rules, potentially impacting future strategic direction and financial management.

SGX:500 Dividend History as at Nov 2024
SGX:500 Dividend History as at Nov 2024

Bank of Nanjing

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

Overview: Bank of Nanjing Co., Ltd. offers a range of financial products and services in China, with a market cap of CN¥112.03 billion.

Operations: Bank of Nanjing Co., Ltd. generates revenue through diverse financial products and services within China.