Top US Dividend Stocks To Consider In October 2024

In This Article:

As U.S. stock markets experience volatility with rising oil prices and Treasury yields, investors are closely monitoring economic indicators for signs of stability. In such uncertain times, dividend stocks can offer a reliable income stream, making them an attractive option for those looking to balance risk and reward in their portfolios.

Top 10 Dividend Stocks In The United States

Name

Dividend Yield

Dividend Rating

WesBanco (NasdaqGS:WSBC)

4.92%

★★★★★★

Columbia Banking System (NasdaqGS:COLB)

5.63%

★★★★★★

Peoples Bancorp (NasdaqGS:PEBO)

5.37%

★★★★★★

Northfield Bancorp (Staten Island NY) (NasdaqGS:NFBK)

4.67%

★★★★★★

Dillard's (NYSE:DDS)

5.68%

★★★★★★

Premier Financial (NasdaqGS:PFC)

5.39%

★★★★★★

Financial Institutions (NasdaqGS:FISI)

4.89%

★★★★★★

CVB Financial (NasdaqGS:CVBF)

4.46%

★★★★★★

Regions Financial (NYSE:RF)

4.38%

★★★★★★

Virtus Investment Partners (NYSE:VRTS)

4.38%

★★★★★★

Click here to see the full list of 180 stocks from our Top US Dividend Stocks screener.

Let's dive into some prime choices out of the screener.

Himax Technologies

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

Overview: Himax Technologies, Inc. is a fabless semiconductor company that offers display imaging processing technologies across various regions including China, Taiwan, and the United States, with a market cap of approximately $988.94 million.

Operations: Himax Technologies, Inc. generates its revenue from display imaging processing technologies across several international markets, including China, Taiwan, the Philippines, Korea, Japan, Europe, and the United States.

Dividend Yield: 4.9%

Himax Technologies offers a dividend yield of 4.93%, placing it in the top quartile of U.S. dividend payers, although its dividends have been volatile over the past decade and are not well covered by earnings due to a high payout ratio. However, the dividends are better supported by cash flows with a cash payout ratio of 35.4%. Trading at a price-to-earnings ratio of 13.4x, Himax appears to be valued attractively compared to peers and industry averages.

NasdaqGS:HIMX Dividend History as at Oct 2024
NasdaqGS:HIMX Dividend History as at Oct 2024

Penns Woods Bancorp

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

Overview: Penns Woods Bancorp, Inc. is the bank holding company for Jersey Shore State Bank, offering commercial and retail banking services to individuals, partnerships, non-profit organizations, and corporations with a market cap of $184.73 million.

Operations: Penns Woods Bancorp generates revenue primarily through its community banking segment, which accounts for $64.82 million.