Top US Dividend Stocks For October 2024

Simply Wall St.
2024-10-28

As the U.S. stock market experiences a mixed performance with the S&P 500 and Dow Jones snapping their six-week winning streaks, investors are closely watching economic data and earnings reports for clues about future trends. In this uncertain environment, dividend stocks can offer stability and income potential, making them an attractive option for those looking to navigate the current market landscape.

Top 10 Dividend Stocks In The United States

Name Dividend Yield Dividend Rating
WesBanco (NasdaqGS:WSBC) 4.75% ★★★★★★
Peoples Bancorp (NasdaqGS:PEBO) 5.27% ★★★★★★
Columbia Banking System (NasdaqGS:COLB) 5.16% ★★★★★★
Dillard's (NYSE:DDS) 5.54% ★★★★★★
Financial Institutions (NasdaqGS:FISI) 5.00% ★★★★★★
First Interstate BancSystem (NasdaqGS:FIBK) 6.07% ★★★★★★
Farmers National Banc (NasdaqCM:FMNB) 4.97% ★★★★★★
Premier Financial (NasdaqGS:PFC) 5.20% ★★★★★★
Ennis (NYSE:EBF) 4.88% ★★★★★★
Citizens & Northern (NasdaqCM:CZNC) 5.89% ★★★★★★

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

Here we highlight a subset of our preferred stocks from the screener.

Columbia Banking System

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

Overview: Columbia Banking System, Inc., with a market cap of approximately $5.85 billion, operates as the holding company for Umpqua Bank, offering banking, private banking, mortgage, and other financial services in the United States.

Operations: Columbia Banking System, Inc. generates revenue primarily from its banking segment, which amounts to $1.85 billion.

Dividend Yield: 5.2%

Columbia Banking System offers a high and reliable dividend yield of 5.16%, placing it in the top 25% of US dividend payers. Despite recent net charge-offs totaling US$29.12 million, the company's dividends have been stable and growing over the past decade, supported by a reasonable payout ratio of 63.3%. The board recently affirmed a quarterly cash dividend of US$0.36 per share, demonstrating ongoing commitment to returning value to shareholders.

  • Get an in-depth perspective on Columbia Banking System's performance by reading our dividend report here.
  • Our valuation report unveils the possibility Columbia Banking System's shares may be trading at a discount.
NasdaqGS:COLB Dividend History as at Oct 2024

Penns Woods Bancorp

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

Overview: Penns Woods Bancorp, Inc., with a market cap of $193.14 million, operates as the bank holding company for Jersey Shore State Bank, offering commercial and retail banking services to individuals, partnerships, non-profit organizations, and corporations.

Operations: Penns Woods Bancorp, Inc. generates revenue primarily through its Community Banking segment, which accounts for $68.05 million.

Dividend Yield: 5%

Penns Woods Bancorp provides a competitive dividend yield of 5%, ranking in the top 25% of US dividend payers. Recent earnings growth, with net income rising to US$4.8 million from US$2.22 million year-over-year, supports its stable and reliable dividends over the past decade. The payout ratio stands at a manageable 48.8%, indicating dividends are well covered by earnings, although shareholder dilution has occurred recently and future coverage remains uncertain due to insufficient data.

  • Click here to discover the nuances of Penns Woods Bancorp with our detailed analytical dividend report.
  • Our valuation report here indicates Penns Woods Bancorp may be undervalued.
NasdaqGS:PWOD Dividend History as at Oct 2024

Valley National Bancorp

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

Overview: Valley National Bancorp, with a market cap of approximately $4.72 billion, operates as the holding company for Valley National Bank, offering a range of commercial, private banking, retail, insurance, and wealth management financial services.

Operations: Valley National Bancorp generates revenue through its diverse financial services, including commercial banking, private banking, retail banking, insurance products, and wealth management solutions.

Dividend Yield: 4.7%

Valley National Bancorp offers a high dividend yield of 4.75%, placing it in the top quartile of US dividend payers, though its dividends have been unreliable over the past decade. Despite stable payouts, recent financials show declining net income—US$97.86 million for Q3 2024 compared to US$141.35 million a year prior—and increased net charge-offs, raising concerns about future earnings sustainability and dividend reliability despite a current payout ratio of 70.4%.

  • Navigate through the intricacies of Valley National Bancorp with our comprehensive dividend report here.
  • The analysis detailed in our Valley National Bancorp valuation report hints at an deflated share price compared to its estimated value.
NasdaqGS:VLY Dividend History as at Oct 2024

Taking Advantage

  • Embark on your investment journey to our 177 Top US Dividend Stocks selection here.
  • Are these companies part of your investment strategy? Use Simply Wall St to consolidate your holdings into a portfolio and gain insights with our comprehensive analysis tools.
  • Enhance your investing ability with the Simply Wall St app and enjoy free access to essential market intelligence spanning every continent.

Curious About Other Options?

  • 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 NasdaqGS:COLB NasdaqGS:PWOD and NasdaqGS:VLY.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10