Top Dividend Stocks To Consider In November 2024

In This Article:

As global markets navigate a busy earnings season and mixed economic signals, major indices like the S&P 500 and Nasdaq Composite have experienced volatility, with growth stocks lagging behind their value counterparts. Amid these fluctuations, dividend stocks offer investors a potential source of steady income, making them an appealing consideration in uncertain times.

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.

Let's explore several standout options from the results in the screener.

Anima Holding

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

Overview: Anima Holding S.p.A. is a publicly owned investment manager with a market capitalization of €1.78 billion.

Operations: Anima Holding S.p.A. generates its revenue primarily from Asset Management, amounting to €1.18 billion.

Dividend Yield: 3.9%

Anima Holding's dividends, while covered by earnings and cash flows with payout ratios of 39.4% and 21.4% respectively, have been historically volatile. Recent earnings growth is strong, with net income rising to €172 million for the nine months ending September 2024 from €96.4 million a year ago. However, its dividend yield of 3.91% is below Italy’s top quartile payers, and an acquisition proposal by Banco BPM Vita could impact future payouts if completed in 2025.

BIT:ANIM Dividend History as at Nov 2024
BIT:ANIM Dividend History as at Nov 2024

Vicat

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

Overview: Vicat S.A. operates in the construction industry through the production and sale of cement, ready-mixed concrete, and aggregates, with a market cap of approximately €1.58 billion.

Operations: Vicat S.A. generates its revenue primarily from the sale of cement (€2.52 billion) and concrete & aggregates (€1.55 billion).

Dividend Yield: 5.4%

Vicat offers a reliable dividend yield of 5.44%, though it falls short compared to the top quartile in France. The company's dividends are well-supported by earnings and cash flows, with payout ratios of 33.4% and 45.7%, respectively, ensuring sustainability. Despite high debt levels, Vicat trades at a significant discount to its estimated fair value and peers, enhancing its appeal as a value investment for dividend seekers. Dividends have remained stable over the past decade with consistent growth.