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5 dividend stocks to consider for November additions to your portfolio

5 dividend stocks to consider for November additions to your portfolio
Jordan
Major
11 months ago
7 mins read

November is often a solid month for the stock market based on seasonal patterns; therefore, many people who participate in stock trading will be looking at the most recent financial results to see whether or not a rally is expected towards the end of the year.

Although the markets are at all-time highs, there are other issues to consider, such as the long-term ramifications of inflation, the continuation of supply chain problems, and a proposed tax on corporate share buybacks and dividends.

In particular, dividends are payments made by corporations to their investors as a way of sharing their earnings, and in the long run, they provide a steady stream of income with the potential for growth; thus, long-term investors will find them especially appealing because of this. 

After a number of years, even a little dividend yield may produce extraordinary benefits; hence investors include these firms in their portfolios for the income safety they give against market volatility.

Thus, we have listed below five of the leading dividend stocks that have an ex-dividend date in November 2021 that have been identified by TipRanks.  

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Top 5 Dividend Stocks

#1 OneMain Financial (NYSE: OMF)

OneMain (NYSE: OMF) is a financial services firm whose primary activity is the provision of personal loans as well as optional insurance products. The firm pays a very appealing 17.79% dividend that is paid quarterly, adding to the stock’s consensus Strong Buy analyst recommendation. The stock has a price objective of $72.67, which implies a 30.58% increase in value over the next 12 months.

Smart score OMF. Source: TipRanks.com

Despite the fact that hedge funds sold OMF shares in the most recently reported quarter, five managers raised their holdings, while four reduced. In the last three months, company insiders have made a combination of buys and sells.

We have identified that the volume is considerably higher in the last couple of days; the stock is up +16.36 (44.85%) in the previous year, trading at $52.84. For those looking for an entry, a support zone ranging from $52.49 to $52.80 is formed by a combination of multiple trend lines across various time frames.

OMF 20-50-200 SMA lines chart. Source. Finviz.com data. See more stocks here.

In contrast, resistance at $59.08 from a horizontal line in the weekly time frame can be seen, while a resistance zone ranging from $60.19 to $60.30 exists on the daily time frame.


#2 Energy Transfer (NYSE: ET) 

Energy Transfer is a company that owns and runs energy assets as well as transports and transmits natural gas through pipelines. It has a 44.52% upside potential based on its current price objective of $14.25. 

Smart score ET. Source: TipRanks.com

The stock has received a Buy recommendation from each of the four analysts who have evaluated it in the last three months. However, analysts aren’t the only ones who are upbeat; in the last three months, five separate insiders have disclosed eight informative purchase transactions to the SEC, which suggests that the company’s insiders are particularly bullish.

Overall, TipRanks investors saw a 1.2% loss in ET portfolios holding ET in the last month. In contrast, if you simply look at the top-performing portfolios, you will see a 6.6% rise in the number of portfolios, including Energy Transfer. With a Smart Score of 9, this stock seems to be a good buy.

ET is trading at the higher end of its 52-week range, but since the S&P 500 Index is at new highs, ET is lagging behind the market a little bit in terms of performance. Over the last month, ET has been trading in the $9.38 – $10.22 range. Currently, it is trading in the middle of this range, so traders may encounter some resistance above.

ET 20-50-200 SMA lines chart. Source. Finviz.com data. See more stocks here.

#3 Hercules Capital (NYSE: HTGC)

HTGC is a specialized finance firm that makes senior secured loans to high-growth, creative venture capital-backed companies. The stock’s price objective of $18.83 implies a 7.29% potential gain in the next 12 months. Hercules Capital also has an Outperform Smart Score of 10, reflecting the favorable news sentiment and blogger thought surrounding the company.

Smart score HTGC. Source: TipRanks.com

Currently, HTGC is trading towards the top of its 52-week range, which is a highly positive signal. This is also consistent with the S&P 500, which is also trading around record highs.

HTGC 20-50-200 SMA lines chart. Source. Finviz.com data. See more stocks here.

Over the last month, HTGC has traded in a range of $16.56 – $17.79, which is a significant range. In terms of price, it is now trading around the upper end of its trading area.

Upon closer inspection of the support levels, we see one very significant area: a support zone spanning the range of $16.50 to $17.73, produced by various trend lines and critical moving averages in different time frames.

Noteworthy, the stock is also trading above its 20, 50, and 200-day simple moving averages (SMA), typically used by professional investors as a sign of a bullish uptrend.


#4 MSC Industrial (NYSE: MSM)

MSM is a major industrial equipment distributor in the United States. On October 20, stock trading analyst David Manthey gave the firm a Buy rating with a 23.32% price target. Manthey’s target is somewhat higher than the average price target of $97.25, implying an 18.74 % increase in value. 

Smart score MSM. Source: TipRanks.com

The total number of portfolios that own MSM has decreased by 6.5%. However, if we restrict our attention to the 99K best-performing portfolios, we can see that there has been a staggering 45% rise in the number of portfolios that own the stock. A Neutral Smart Score of 7 still exists for MSM, reflecting that its hedge fund holdings have decreased.

MSM has had a below-average year in terms of performance relative to the rest of the market. The medium-term outlook is likewise bleak, although we have seen some signs of recovery in recent activity, which is encouraging.

MSM has been trading in a broad range of $81.08 – $86.13 over the past month, which is a significant range. Currently, it is trading in the midst of this range, where prices have been stabilizing lately. This may give a decent entry opportunity, but there may be some resistance above this level.

MSM 20-50-200 SMA lines chart. Source. Finviz.com data. See more stocks here.

The fact that prices have been consolidating recently has indicated a resistance zone at $85.19, slightly above the present price. Also, a support zone below the current price at $83.74 may provide an excellent entry opportunity; traders might put a stop order below this zone.


#5 Nexus Real Estate Investment (OTCMKTS: EFRTF)

Nexus is a real estate investment trust specializing in purchasing, ownership, and management of industrial, commercial, and retail properties. The analysts’ price objective of $11.39 represents an 8.51% increase in the stock’s value.

EFRTF stock analysis. Source: TipRanks.com

There has been a 3.6% rise in the number of TipRanks portfolios that own this stock in the last month. Since this is an Over-the-Counter (OTC) stock, this one does not yet have a Smart Score assigned to it. However, the positive sentiment expressed by analysts, bloggers, and investors is illustrated by the TipRanks stock analysis.


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Jordan Major
Author

Jordan is an investor and market analyst. He's passionate about stocks, ETFs, blockchain, and digital assets. At Finbold.com, he delves into the technicalities to obtain future trends for new market traders and gives insights into user-friendly platforms for beginners.

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