In recent trading sessions, the U.S. stock market has shown signs of resilience, with sectors like technology leading a sharp rebound and positive earnings updates lifting investor sentiment. Amid these dynamic conditions, dividend stocks continue to attract attention for their potential to offer steady income and stability. Given the current economic environment and recent market performance, investors might find dividend stocks particularly appealing as they can provide a buffer against market volatility while potentially benefiting from any favorable shifts in monetary policy.
Top 10 Dividend Stocks In The United States
Name
Dividend Yield
Dividend Rating
Columbia Banking System (NasdaqGS:COLB)
5.34%
★★★★★★
BCB Bancorp (NasdaqGM:BCBP)
5.05%
★★★★★★
Dillard's (NYSE:DDS)
5.15%
★★★★★★
Silvercrest Asset Management Group (NasdaqGM:SAMG)
Overview: Timberland Bancorp, Inc., functioning as the holding company for Timberland Bank, offers a range of community banking services across Washington and has a market capitalization of approximately $251.81 million.
Operations: Timberland Bancorp, Inc. generates its revenue primarily through community banking services, totaling approximately $74.39 million.
Dividend Yield: 3%
Timberland Bancorp reported a slight decline in net interest income and net income for Q3 2024, with earnings per share also decreasing from the previous year. Despite these challenges, the company continues to return value to shareholders through its dividend, which remains reliable and well-covered by earnings with a low payout ratio of 30.9%. Additionally, Timberland has been actively repurchasing shares, completing a significant buyback tranche recently. However, its dividend yield at 3.03% is lower than the top quartile of US dividend payers.
Overview: Columbia Banking System, Inc., serving as the holding company for Umpqua Bank, offers a range of financial services including banking, private banking, and mortgage solutions across the United States, with a market capitalization of approximately $5.65 billion.
Operations: Columbia Banking System, Inc. generates $1.85 billion in revenue primarily through its banking services segment.
Dividend Yield: 5.3%
Columbia Banking System reported a decline in net interest income and net income for Q2 2024, with both basic and diluted earnings per share decreasing from the previous year. Despite this, the company maintains a stable dividend payment of US$0.36 per share, supported by a low payout ratio of 31.7%. The dividends are projected to be well-covered by earnings in the next three years at a payout ratio forecasted at 54.3%. However, recent events include being dropped from the Russell 1000 Defensive Indexes, potentially impacting investor perception.
Overview: Preferred Bank (NasdaqGS:PFBC) offers a range of commercial banking services to diverse clientele including small and mid-sized businesses, real estate developers, and high net worth individuals, with a market capitalization of approximately $1.22 billion.
Operations: Preferred Bank generates its revenue primarily through commercial banking, totaling approximately $263.71 million.
Dividend Yield: 3.1%
Preferred Bank's recent financial results show a decline in net interest income and net income for the second quarter of 2024, with both basic and diluted earnings per share also decreasing year-over-year. Despite this downturn, the bank maintains a quarterly dividend of US$0.70 per share. The stock is trading at 60.4% below its estimated fair value and offers a dividend yield of 3.07%, which is lower than the top quartile of US dividend payers at 4.33%. Although dividends have been reliable over the past decade, future earnings are expected to decline by an average of 10.8% annually over the next three years, raising concerns about long-term sustainability without sufficient data to confirm coverage by future earnings or cash flows.
Take a closer look at our Top US Dividend Stocks list of 165 companies by clicking here.
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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.
