Top 12 Stocks that Pay Dividends in November – 2024

Are you seeking stable investment options with promising dividend yields in November?

With the volatility of financial markets, finding stable investment opportunities can be a daunting task.  However, in November, the search for promising dividend-yielding stocks could be the key to bolstering your portfolio. 

This guide unveils top-performing stocks that promise robust dividends in November, enabling you to make informed investment decisions this season.

Best Stocks that Pay Dividends in November

Dover

Dover, a diversified global manufacturer, boasts a commendable 1.59% dividend yield coupled with a modest 27.82% payout ratio. This indicates a strong ability to sustain and potentially increase dividend payments while keeping a significant portion of earnings for reinvestment.

>> Dover Dividend History

AbbVie

AbbVie, a renowned biopharmaceutical company, offers an attractive 4.26% dividend yield, albeit with a relatively high 118.93% payout ratio. Investors should closely monitor its sustainability, considering the payout ratio exceeding 100% indicates that the company is paying out more in dividends than it is earning.

>> AbbVie Dividend History

Caterpillar

Investors interested in this industrial heavyweight should stay updated with its financial reports to assess its dividend performance and financial stability.

>> Caterpillar Dividend History

General Dynamics

General Dynamics, a prominent aerospace and defense company, presents a 2.22% dividend yield and a moderate 43.61% payout ratio. Its healthy payout ratio suggests a balance between distributing dividends and retaining earnings for potential growth and expansion.

>> General Dynamics Dividend History

Hormel Foods

Hormel Foods, a leading food production company, offers a compelling 3.50% dividend yield alongside a manageable 67.81% payout ratio. This signals a stable commitment to rewarding shareholders while maintaining a prudent level of earnings retention for operational needs and future development.

>> Hormel Foods Dividend History

Nucor

Nucor, a significant player in the steel production industry, exhibits a modest 1.38% dividend yield and a conservative 10.32% payout ratio. The low payout ratio suggests the company has significant room to increase dividend payouts and support potential future growth initiatives.

>> Nucor Dividend History

Pentair

Pentair, specializing in water treatment and fluid control solutions, currently provides a 1.53% dividend yield and maintains a healthy 28.16% payout ratio. This combination signifies a sound balance between rewarding shareholders and reinvesting in the company’s operations and innovations.

>> Pentair Dividend History

Clorox

Clorox, a renowned consumer goods company, boasts an impressive 4.07% dividend yield but with a considerably high 393.33% payout ratio. Investors should carefully analyze the sustainability of this high payout ratio, considering it surpasses the 100% threshold.

>> Clorox Dividend History

Abbott

Abbott, a global healthcare company, offers a favorable 2.20% dividend yield accompanied by a moderate 66.89% payout ratio. Its manageable payout ratio suggests a solid dividend-paying capacity, allowing the company to allocate sufficient earnings for potential growth and development.

>> Abbott Dividend History

AT&T

AT&T, a major telecommunications conglomerate, offers a substantial 7.49% dividend yield alongside a reasonable 55.89% payout ratio. Investors can find comfort in the company’s ability to distribute significant dividends while retaining a considerable portion of earnings for future investments and operational needs.

>> AT&T Dividend History

Apple

Apple, a technology giant, presents a relatively modest 0.57% dividend yield and a conservative 15.60% payout ratio. Its low payout ratio indicates the company’s potential to further increase dividend payouts or allocate more earnings towards future innovations and business expansion.

>> Apple Dividend History

Paychex

Paychex, a provider of payroll and human resource solutions, showcases a solid 3.25% dividend yield and a manageable 76.19% payout ratio. This suggests a balanced approach to rewarding investors while retaining earnings for sustaining operational efficiency and fueling growth initiatives.

>> Paychex Dividend History

Are stocks that pay dividends in November a good investment?

Investing in dividend-paying stocks in November can be a prudent strategy, offering potential stability and consistent income even during market fluctuations. 

These stocks often reflect companies with established financial health and a history of distributing profits to shareholders. 

While not immune to market risks, dividend-paying stocks can provide a cushion against volatility, making them an attractive option for investors seeking a reliable income stream and potential long-term growth. 

However, it’s crucial to conduct thorough research, considering factors such as dividend sustainability, payout ratios, and overall market conditions to make informed investment decisions aligned with individual financial goals.

Factors to Consider when Investing in stocks that pay dividends in November

When delving into dividend-paying stocks this November, several critical factors demand attention. 

Firstly, assess the company’s financial stability, evaluating its earnings history, debt levels, and cash flow consistency. 

Secondly, scrutinize the dividend yield, payout ratio, and dividend growth trends to gauge sustainability. 

Additionally, analyzing the broader market conditions and the specific industry landscape can provide valuable insights into the potential risks and rewards associated with these investments. 

Careful consideration of these factors can significantly enhance the decision-making process and help investors build a resilient and balanced portfolio.



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