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Top Dividend Stocks For Reliable Income In November 2024

In This Article:

As global markets show resilience with U.S. indexes nearing record highs and a strong labor market fueling positive sentiment, investors are increasingly looking for stable income sources amidst geopolitical uncertainties and fluctuating economic indicators. In this environment, dividend stocks can offer a reliable income stream, making them an attractive option for those seeking stability in their investment portfolios.

Top 10 Dividend Stocks

Name

Dividend Yield

Dividend Rating

Peoples Bancorp (NasdaqGS:PEBO)

4.54%

★★★★★★

Tsubakimoto Chain (TSE:6371)

4.26%

★★★★★★

CAC Holdings (TSE:4725)

4.62%

★★★★★★

Yamato Kogyo (TSE:5444)

3.87%

★★★★★★

Padma Oil (DSE:PADMAOIL)

6.60%

★★★★★★

Financial Institutions (NasdaqGS:FISI)

4.46%

★★★★★★

James Latham (AIM:LTHM)

6.73%

★★★★★★

Citizens & Northern (NasdaqCM:CZNC)

5.56%

★★★★★★

Premier Financial (NasdaqGS:PFC)

4.45%

★★★★★★

Banque Cantonale Vaudoise (SWX:BCVN)

4.93%

★★★★★★

Click here to see the full list of 1960 stocks from our Top Dividend Stocks screener.

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

Pico Far East Holdings

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

Overview: Pico Far East Holdings Limited is an investment holding company involved in exhibition, event, and brand activation services as well as visual branding, museum and themed environments, and meeting architecture activation with a market cap of approximately HK$2.23 billion.

Operations: Pico Far East Holdings Limited generates its revenue primarily from Exhibition, Event and Brand Activation (HK$5.01 billion), followed by Visual Branding Activation (HK$454.95 million), Museum and Themed Entertainment (HK$444.37 million), and Meeting Architecture Activation (HK$162.78 million).

Dividend Yield: 6.9%

Pico Far East Holdings' dividends are well covered by both earnings and free cash flows, with a payout ratio of 48.6% and a cash payout ratio of 36.2%. However, dividend payments have been volatile over the past decade, experiencing significant annual drops. Despite this volatility, there has been an overall increase in dividends over ten years. The current yield is relatively low compared to top-tier dividend payers in Hong Kong. The stock trades significantly below its estimated fair value.

SEHK:752 Dividend History as at Nov 2024
SEHK:752 Dividend History as at Nov 2024

Nihon Kagaku Sangyo

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

Overview: Nihon Kagaku Sangyo Co., Ltd. produces and sells industrial chemicals and building materials both in Japan and internationally, with a market cap of ¥26.52 billion.