As the U.S. stock market continues to reach new heights, with the Dow Jones Industrial Average marking its 39th record close of the year, investors are keenly observing how economic indicators and corporate earnings shape their portfolios. Amid this backdrop of robust market activity and strong demand in sectors like semiconductors, high-yield dividend stocks present an attractive opportunity for those looking to enhance their investment returns through steady income streams.
Top 10 Dividend Stocks In The United States
Name
Dividend Yield
Dividend Rating
WesBanco (NasdaqGS:WSBC)
4.52%
★★★★★★
Columbia Banking System (NasdaqGS:COLB)
5.19%
★★★★★★
Peoples Bancorp (NasdaqGS:PEBO)
4.97%
★★★★★★
Dillard's (NYSE:DDS)
5.42%
★★★★★★
Silvercrest Asset Management Group (NasdaqGM:SAMG)
Overview: Brookline Bancorp, Inc. is a bank holding company for Brookline Bank, offering commercial, business, and retail banking services to corporate, municipal, and retail customers in the United States with a market cap of $953.13 million.
Operations: Brookline Bancorp generates revenue of $335.68 million from its banking business segment, which encompasses a range of financial services for various customer types in the United States.
Dividend Yield: 5%
Brookline Bancorp's dividend of US$0.135 per share, approved for August 2024, reflects its stable and reliable payout history over the past decade. Despite a dip in recent quarterly earnings to US$16.37 million from US$21.85 million a year ago, dividends remain covered by earnings with a payout ratio of 62.6%. The stock trades significantly below estimated fair value and offers an attractive yield of 4.98%, placing it among the top 25% of U.S. dividend payers.
Overview: OceanFirst Financial Corp., with a market cap of $1.12 billion, operates as the bank holding company for OceanFirst Bank N.A., providing banking services.
Operations: OceanFirst Financial Corp. generates revenue primarily through its Community Banking Operations, amounting to $376.06 million.
Dividend Yield: 4.1%
OceanFirst Financial's dividend of US$0.20 per share, reaffirmed for November 2024, underscores its consistent payout history with 111 consecutive quarterly dividends. Despite a decline in Q2 net income to US$24.37 million from US$27.8 million the previous year, dividends are well-covered by earnings with a payout ratio of 48.2%. The stock is trading at an attractive value compared to peers and offers a reliable yield of 4.11%, though slightly below top-tier U.S. dividend payers.
Overview: West Bancorporation, Inc. is a financial holding company offering community banking and trust services to individuals and small- to medium-sized businesses in the United States, with a market cap of approximately $340.36 million.
Operations: West Bancorporation, Inc. generates revenue primarily through its community banking segment, which accounts for $76.33 million.
Dividend Yield: 4.9%
West Bancorporation offers a reliable dividend yield of 4.86%, placing it in the top 25% of U.S. dividend payers, with stable and growing payments over the past decade. Despite trading at nearly 57% below estimated fair value, its payout ratio of 78.2% suggests dividends are currently covered by earnings, though sustainability data is lacking. Recent Q2 earnings showed a slight decline to US$5.19 million from US$5.86 million year-on-year, with dividends recently reaffirmed at US$0.25 per share.
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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.
