Top Dividend Stocks To Watch In November 2024

In This Article:

As global markets continue to navigate geopolitical tensions and economic uncertainties, U.S. indices are approaching record highs with broad-based gains, driven by a strong labor market and positive sentiment from housing reports. In this dynamic environment, dividend stocks remain an attractive option for investors seeking steady income streams; they can offer stability amid market fluctuations while potentially benefiting from favorable economic conditions.

Top 10 Dividend Stocks

Name

Dividend Yield

Dividend Rating

Guaranty Trust Holding (NGSE:GTCO)

6.78%

★★★★★★

Tsubakimoto Chain (TSE:6371)

4.20%

★★★★★★

Wuliangye YibinLtd (SZSE:000858)

3.22%

★★★★★★

CAC Holdings (TSE:4725)

4.61%

★★★★★★

China South Publishing & Media Group (SHSE:601098)

4.58%

★★★★★★

Financial Institutions (NasdaqGS:FISI)

4.30%

★★★★★★

FALCO HOLDINGS (TSE:4671)

6.80%

★★★★★★

HUAYU Automotive Systems (SHSE:600741)

4.60%

★★★★★★

E J Holdings (TSE:2153)

3.78%

★★★★★★

DoshishaLtd (TSE:7483)

3.79%

★★★★★★

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.

Aboitiz Power

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

Overview: Aboitiz Power Corporation, with a market cap of ₱272.74 billion, operates in the Philippines through its subsidiaries in power generation, distribution, and electricity retail businesses.

Operations: Aboitiz Power Corporation generates revenue primarily from its power generation segment, which accounts for ₱126.49 billion, and its power distribution segment, contributing ₱55.87 billion.

Dividend Yield: 6.1%

Aboitiz Power has shown a steady increase in dividend payments over the past decade, though these have been volatile. Its current dividend yield of 6.08% is slightly below the top 25% of Philippine market payers. The company maintains a sustainable payout ratio with dividends covered by both earnings (49.5%) and cash flows (59.8%). Despite having high debt levels, it trades at good value relative to peers and industry benchmarks, with recent earnings growth supporting its financial position.

PSE:AP Dividend History as at Nov 2024
PSE:AP Dividend History as at Nov 2024

Gan Shmuel Foods

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

Overview: Gan Shmuel Foods Ltd. is an Israeli company that produces and sells citrus fruits for the beverage and food industry, with a market cap of ₪583 million.

Operations: Gan Shmuel Foods Ltd. generates its revenue from two main segments: Retailer, contributing $49.29 million, and Industrial, contributing $241.36 million.