Top US Dividend Stocks For August 2024
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As of mid-August 2024, the U.S. stock market has been on a positive trajectory, with the S&P 500 and Nasdaq extending their winning streaks to five sessions following favorable inflation data. This recent performance has bolstered investor confidence, particularly in dividend stocks that offer both stability and income potential. In light of these conditions, identifying strong dividend stocks can be a prudent strategy for investors looking to capitalize on steady returns while navigating an evolving economic landscape.
Top 10 Dividend Stocks In The United States
| Name | Dividend Yield | Dividend Rating |
| BCB Bancorp (NasdaqGM:BCBP) | 5.67% | ★★★★★★ |
| WesBanco (NasdaqGS:WSBC) | 4.88% | ★★★★★★ |
| Columbia Banking System (NasdaqGS:COLB) | 6.17% | ★★★★★★ |
| Silvercrest Asset Management Group (NasdaqGM:SAMG) | 5.05% | ★★★★★★ |
| OceanFirst Financial (NasdaqGS:OCFC) | 5.04% | ★★★★★★ |
| Huntington Bancshares (NasdaqGS:HBAN) | 4.60% | ★★★★★★ |
| Premier Financial (NasdaqGS:PFC) | 5.39% | ★★★★★★ |
| Dillard's (NYSE:DDS) | 5.37% | ★★★★★★ |
| Regions Financial (NYSE:RF) | 4.79% | ★★★★★★ |
| OTC Markets Group (OTCPK:OTCM) | 4.73% | ★★★★★★ |
Click here to see the full list of 186 stocks from our Top US Dividend Stocks screener.
Here we highlight a subset of our preferred stocks from the screener.
Spok Holdings
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Spok Holdings, Inc., with a market cap of $311.05 million, provides healthcare communication solutions through its subsidiary Spok, Inc., operating in the United States, Europe, Canada, Australia, Asia, and the Middle East.
Operations: Spok Holdings generates $138.27 million in revenue from its Clinical Communication and Collaboration Business segment.
Dividend Yield: 8.2%
Spok Holdings has a high dividend yield of 8.17%, placing it in the top 25% of US dividend payers, but its dividends are not well covered by earnings or free cash flow, with payout ratios at 162.3% and a cash payout ratio of 119%. Despite stable and growing dividends over the past decade, recent financial results show declining revenue and profit margins. The company declared a quarterly dividend of US$0.3125 per share on July 24, 2024.
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Click to explore a detailed breakdown of our findings in Spok Holdings' dividend report.
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Upon reviewing our latest valuation report, Spok Holdings' share price might be too pessimistic.
CompX International
Simply Wall St Dividend Rating: ★★★★★☆
Overview: CompX International Inc. manufactures and sells security products and recreational marine components primarily in North America, with a market cap of $367.22 million.
Operations: CompX International Inc. generates revenue from two primary segments: $126.27 million from Security Products and $31.11 million from Marine Components.