As the S&P 500 extends its winning streak amid anticipation of the Federal Reserve's interest rate decision, investors are increasingly looking for stable income sources in a fluctuating market. In this environment, dividend stocks yielding over 3.4% can provide both income and potential growth, making them an attractive option for those seeking reliable returns.
Top 10 Dividend Stocks In The United States
Name
Dividend Yield
Dividend Rating
Columbia Banking System (NasdaqGS:COLB)
5.79%
★★★★★★
WesBanco (NasdaqGS:WSBC)
4.62%
★★★★★★
Dillard's (NYSE:DDS)
5.82%
★★★★★★
Premier Financial (NasdaqGS:PFC)
5.05%
★★★★★★
Silvercrest Asset Management Group (NasdaqGM:SAMG)
Overview: Dime Community Bancshares, Inc., with a market cap of $1.02 billion, operates as the holding company for Dime Community Bank, providing various commercial banking and financial services.
Operations: Dime Community Bancshares, Inc. generates $320.39 million in revenue from its Community Banking segment.
Dividend Yield: 3.5%
Dime Community Bancshares offers a stable dividend yield of 3.48%, supported by a reasonable payout ratio of 64.6%. The company has consistently increased its dividends over the past decade, making it reliable for income investors. However, recent financial results show declining net income and profit margins, which could impact future payouts. Despite these challenges, earnings are forecast to grow annually by 37.01%, suggesting potential for sustained dividend coverage in the long term.
Overview: Valley National Bancorp, with a market cap of $4.44 billion, operates as the holding company for Valley National Bank offering commercial, private banking, retail, insurance and wealth management financial services.
Operations: Valley National Bancorp's revenue is primarily derived from Consumer Banking ($233.51 million), Commercial Banking ($1.37 billion), and Treasury and Corporate Other ($66.27 million).
Dividend Yield: 4.9%
Valley National Bancorp's dividend stability is notable, with a consistent payout of $0.11 per share recently affirmed for October 2024. Despite no growth in dividends over the past decade, the current yield of 4.93% places it among the top 25% in the U.S. market. The payout ratio of 61.6% indicates dividends are well-covered by earnings and forecasted to remain sustainable at a lower ratio in three years, despite recent declines in net income and profit margins.
Overview: LCI Industries, with a market cap of $3.01 billion, manufactures and supplies engineered components for recreational vehicles (RVs) and adjacent industries both in the United States and internationally.
Operations: LCI Industries generates revenue from two primary segments: Aftermarket, which contributes $878.43 million, and Original Equipment Manufacturer (OEM), accounting for $2.94 billion.
Dividend Yield: 3.5%
LCI Industries has a stable dividend history over the past decade, with recent affirmations of a US$1.05 per share quarterly payout. The dividends are well-covered by both earnings (payout ratio: 87.8%) and cash flows (cash payout ratio: 27.5%). While the current yield of 3.47% is below the top tier in the U.S., earnings growth of 42.7% last year and forecasted annual growth of 27.39% support potential future increases despite high debt levels and recent index exclusions.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.