Top 3 Dividend Stocks to Consider in November 2024

As global markets navigate the uncertainty surrounding the Trump administration’s policies, investors are looking more closely at sector-based holdings, with cash and energy gaining traction while healthcare faces challenges. Amidst these changes, dividend stocks can provide a level of stability and income potential, making them an attractive option for those looking to balance risk in a dynamic economic environment.

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.

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

In a nutshell Swaraj Engines Limited manufactures and sells diesel engines, components, and tractor parts in India, with a market capitalization of ₹35.48 billion.

Operations: Swaraj Engines Limited earns about ₹15.13 billion from its diesel engines, components, and tractor spare parts.

Profit Sharing: 3.3%

Swaraj Engines’ share of 3.25% is the highest share of 25% among the suppliers in India, but its continuity is questionable due to the share of 107.3%. While earnings continued to rise at 15.5% per year over five years, dividends were flat and not covered by free cash flow. Recent revenue growth and a price-to-earnings ratio below the market average indicate significant potential, but the sector’s credibility remains a concern.

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

In a nutshell Allmind Holdings Corporation is involved in the development and leasing of housing and real estate in Taiwan, with a market capitalization of NT$8.07 billion.

Operations: Allmind Holdings Corporation earns income from its real estate development and rental activities in Taiwan.

Profit Sharing: 3.3%

Allmind Holdings’s dividend payout is well covered by earnings and cash flow, 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 record has been consistent over the past decade despite recent growth. The company’s high revenue growth—net income rising to TWD 2.91 billion for Q3—indicates strong financial performance but does not guarantee stable dividends going forward.

The Story Continues

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

In a nutshell IDOM Inc. buys and sells used cars in Japan and abroad, with a market capitalization of ¥106.33 billion.

Operations: The income of IDOM Inc. is mainly derived from its operation in buying and selling used cars on the domestic and foreign markets.

Profit Sharing: 3.8%

IDOM’s share of 3.84% is the top 25% in Japan, but its payout is not covered by free flow and has been unreliable over the past decade. Despite a low payout ratio of 41%, recent earnings growth and undervaluation relative to fair value suggest potential, but high volatility and low earnings raise concerns about savings. The company’s debt is not covered well by using cash flow, affecting the financial stability of the existing assets.

• Get a detailed look at all of the 1970 Top Dividend Stocks by using our screener here.

• Have you invested in any of these stocks? Simplify your portfolio management with Simply Wall St and stay ahead of the curve with our alerts for any important updates on your stocks.

• Invest smart with the free Simply Wall St app that provides detailed information on every stock market around the world.

This Simply Wall St article is casual in nature. We provide commentary based on historical data and analysts’ estimates only using an unbiased approach and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and it does not take into account your goals, or your financial situation. We aim to bring you long-term focused research driven by valuable data. Note that our analysis may not result in price-sensitive or quality-sensitive company advertisements. Simply Wall St has no position in any of the stocks mentioned.

Companies discussed in this article include NSEI:SWARAJENG TPEX:2718 and TSE:7599.

Have a comment on this article? Worried about content? Contact us directly. Alternatively, email editorial-team@simplywallst.com