As September 2024 unfolds, the U.S. stock market has seen a rocky start with the S&P 500 and Nasdaq Composite closing lower amid concerns about the health of the economy and a downturn in tech stocks. Despite these challenges, investors continue to seek stability through dividend stocks, which can provide consistent income even when market volatility is high. In this environment, identifying reliable dividend stocks becomes crucial for maintaining steady returns.

Top 10 Dividend Stocks In The United States

Click here to see the full list of 177 stocks from our Top US Dividend Stocks screener.

Let's explore several standout options from the results in the screener.

Ohio Valley Banc

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

Overview: Ohio Valley Banc Corp., with a market cap of $115.42 million, operates as the bank holding company for The Ohio Valley Bank Company, offering commercial and consumer banking products and services.

Operations: Ohio Valley Banc Corp. generates revenue through two primary segments: Banking ($52.64 million) and Consumer Finance ($3.25 million).

Dividend Yield: 3.6%

Ohio Valley Banc Corp. offers a reliable dividend yield of 3.56%, with stable and growing payments over the past decade, supported by a low payout ratio of 37.3%. Recent news includes a $0.22 per share dividend declared for August 2024 and completion of a share buyback program totaling $2.97 million for 2.51% of shares outstanding, despite being dropped from several Russell indexes in July 2024.

• Click to explore a detailed breakdown of our findings in Ohio Valley Banc's dividend report.

• In light of our recent valuation report, it seems possible that Ohio Valley Banc is trading behind its estimated value.

Sierra Bancorp

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

Overview: Sierra Bancorp, with a market cap of $426.40 million, operates as the bank holding company for Bank of the Sierra, providing retail and commercial banking services to individuals and businesses in California.

Operations: Sierra Bancorp generates $142.35 million in revenue from its banking operations, offering a range of financial services to both individuals and businesses in California.

Dividend Yield: 3.2%

Sierra Bancorp pays a reliable dividend of 3.19%, supported by a low payout ratio of 37.7%. Dividends have been stable and growing over the past decade. Recent developments include a quarterly dividend increase to $0.24 per share, net charge offs rising to $2.42 million in Q2 2024, and earnings growth with Q2 net income reaching $10.26 million from $9.92 million the previous year, alongside ongoing share repurchases totaling $7.01 million since October 2023.

• Dive into the specifics of Sierra Bancorp here with our thorough dividend report.

• The valuation report we've compiled suggests that Sierra Bancorp's current price could be quite moderate.

Dillard's

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

Overview: Dillard's, Inc. operates retail department stores across the southeastern, southwestern, and midwestern United States with a market cap of approximately $5.61 billion.

Operations: Dillard's, Inc. generates $6.51 billion from retail operations, with an additional segment adjustment of $272.76 million.

Dividend Yield: 6%

Dillard's pays a high dividend of 5.98%, covered by earnings (payout ratio: 1.2%) and cash flows (cash payout ratio: 64.2%). Dividends have been stable and growing over the past decade. Recent news includes a declared dividend of $0.25 per share payable on November 4, 2024, despite declining earnings with Q2 net income dropping to US$74.5 million from US$131.5 million year-over-year, reflecting ongoing financial challenges.

• Click here and access our complete dividend analysis report to understand the dynamics of Dillard's.

• Our valuation report unveils the possibility Dillard's shares may be trading at a discount.

Next Steps

• Navigate through the entire inventory of 177 Top US Dividend Stocks here.

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Seeking Other Investments?

• Explore high-performing small cap companies that haven't yet garnered significant analyst attention.

• Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management.

• Find companies with promising cash flow potential yet trading below their fair value.

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.

Companies discussed in this article include NasdaqGM:OVBC NasdaqGS:BSRR and NYSE:DDS.

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