The U.S. stock market has recently seen major indices like the S&P 500 and Dow Jones Industrial Average hit record highs, buoyed by strong performances from tech giants and a stimulus package from China. Amid this optimism, investors are looking for reliable income sources, making high-yield dividend stocks particularly attractive. In today's market environment, a good dividend stock not only offers consistent payouts but also demonstrates resilience in diverse economic conditions. Here are three high-yield dividend stocks to consider: Pangaea Logistics Solutions and two others that stand out in the current landscape.
Top 10 Dividend Stocks In The United States
Name
Dividend Yield
Dividend Rating
WesBanco (NasdaqGS:WSBC)
4.87%
★★★★★★
Columbia Banking System (NasdaqGS:COLB)
5.52%
★★★★★★
BCB Bancorp (NasdaqGM:BCBP)
5.26%
★★★★★★
Dillard's (NYSE:DDS)
5.54%
★★★★★★
Premier Financial (NasdaqGS:PFC)
5.29%
★★★★★★
Silvercrest Asset Management Group (NasdaqGM:SAMG)
Overview: Pangaea Logistics Solutions, Ltd., with a market cap of $310.49 million, provides seaborne dry bulk logistics and transportation services to industrial customers worldwide.
Operations: Pangaea Logistics Solutions generates $503.74 million in revenue from its transportation and shipping services.
Dividend Yield: 5.6%
Pangaea Logistics Solutions has a mixed record for dividend reliability, with payments being volatile over the past five years. However, its dividends are well-covered by both earnings and cash flows, with payout ratios of 50.9% and 38.4%, respectively. Recent earnings reports show solid growth, with net income rising to US$15.36 million for the first half of 2024 from US$6.32 million a year ago, supporting its ability to sustain dividends despite past volatility.
Overview: Qifu Technology, Inc., with a market cap of $4.28 billion, operates a credit-tech platform under the 360 Jietiao brand in the People’s Republic of China.
Operations: Qifu Technology, Inc. generates CN￥17.09 billion from its unclassified services segment.
Dividend Yield: 4.4%
Qifu Technology has increased its dividend to US$0.30 per Class A ordinary share, or US$0.60 per ADS, for the first half of 2024. The company completed a buyback of 10.7 million shares for US$211 million and reported strong earnings growth with net income rising to CNY 1.38 billion in Q2 2024 from CNY 1.10 billion a year ago. Despite the dividend's volatility and short history, it is well-covered by both earnings (payout ratio: 39.2%) and cash flows (cash payout ratio: 17.6%).
Overview: Westwood Holdings Group, Inc., with a market cap of $112.44 million, manages investment assets and provides related services through its subsidiaries.
Operations: Westwood Holdings Group, Inc. generates revenue primarily from its Trust segment, which contributes $21.11 million, and its Advisory segment, which brings in $75.70 million.
Dividend Yield: 4.3%
Westwood Holdings Group's dividend yield is in the top 25% of US dividend payers, but its dividend track record has been unstable with significant volatility over the past decade. The company's payout ratio stands at 81%, indicating dividends are covered by earnings, and a cash payout ratio of 34.1% suggests strong coverage by cash flows. Recent strategic moves include launching two ETFs and expanding their investment offerings, highlighting a commitment to innovation despite recent financial challenges.
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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.
