Discover 3 Top Dividend Stocks On US Exchange

Simply Wall St · 10/25 11:07

As the U.S. stock market experiences a mixed performance with the S&P 500 and Nasdaq making gains while the Dow faces consecutive losses, investors are keenly observing economic indicators and corporate earnings to gauge future trends. In such a dynamic environment, dividend stocks can offer stability and income potential, making them an attractive option for those looking to navigate market fluctuations.

Top 10 Dividend Stocks In The United States

Name Dividend Yield Dividend Rating
WesBanco (NasdaqGS:WSBC) 4.74% ★★★★★★
Peoples Bancorp (NasdaqGS:PEBO) 5.12% ★★★★★★
Dillard's (NYSE:DDS) 5.49% ★★★★★★
Columbia Banking System (NasdaqGS:COLB) 5.09% ★★★★★★
Silvercrest Asset Management Group (NasdaqGM:SAMG) 4.68% ★★★★★★
Farmers National Banc (NasdaqCM:FMNB) 4.91% ★★★★★★
Financial Institutions (NasdaqGS:FISI) 4.80% ★★★★★★
Premier Financial (NasdaqGS:PFC) 5.17% ★★★★★★
First Interstate BancSystem (NasdaqGS:FIBK) 5.87% ★★★★★★
Citizens & Northern (NasdaqCM:CZNC) 5.85% ★★★★★★

Click here to see the full list of 171 stocks from our Top US Dividend Stocks screener.

Below we spotlight a couple of our favorites from our exclusive screener.

ChoiceOne Financial Services (NasdaqCM:COFS)

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

Overview: ChoiceOne Financial Services, Inc. is a bank holding company for ChoiceOne Bank, offering banking services to corporations, partnerships, and individuals in Michigan with a market cap of $278.11 million.

Operations: ChoiceOne Financial Services, Inc. generates its revenue through providing a range of banking services to corporate entities, partnerships, and individual clients in Michigan.

Dividend Yield: 3.2%

ChoiceOne Financial Services has demonstrated consistent dividend reliability, with stable and growing payouts over the past decade. The recent dividend of US$0.27 per share marks a slight increase from last year, supported by a low payout ratio of 33.9%, indicating sustainability. Despite trading at a discount to its estimated fair value, the dividend yield of 3.19% is below top-tier levels in the US market. Recent earnings growth further supports its capacity to maintain dividends.

NasdaqCM:COFS Dividend History as at Oct 2024
NasdaqCM:COFS Dividend History as at Oct 2024

Robert Half (NYSE:RHI)

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

Overview: Robert Half Inc. offers talent solutions and business consulting services across multiple continents, with a market cap of approximately $6.91 billion.

Operations: Robert Half Inc.'s revenue segments include Contract Talent Solutions at $3.90 billion, Protiviti at $1.93 billion, and Permanent Placement Talent Solutions at $500.67 million.

Dividend Yield: 3.1%

Robert Half's dividends are reliably covered by earnings and cash flows, with a payout ratio of 75.2% and a cash payout ratio of 59.4%. The dividend yield of 3.08% is stable but below top-tier levels in the US market. Despite trading at nearly half its estimated fair value, recent earnings have declined, with Q3 net income dropping to US$65.45 million from US$95.55 million last year, impacting overall dividend attractiveness amidst ongoing share buybacks totaling over $1.54 billion since 2018.

NYSE:RHI Dividend History as at Oct 2024
NYSE:RHI Dividend History as at Oct 2024

United Parcel Service (NYSE:UPS)

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

Overview: United Parcel Service, Inc. is a package delivery company offering transportation, delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services with a market cap of approximately $112.56 billion.

Operations: United Parcel Service, Inc. generates revenue through its diverse offerings in transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services.

Dividend Yield: 4.7%

United Parcel Service's dividends have been consistently stable and growing over the past decade, with payments expected to reach US$5.4 billion in 2024. However, the dividend yield of 4.71% is not well supported by earnings or cash flows due to high payout ratios exceeding 98%. Recent earnings showed improvement with Q3 net income rising to US$1.54 billion, but legal challenges and a high debt level could impact financial flexibility for future dividend sustainability.

NYSE:UPS Dividend History as at Oct 2024
NYSE:UPS Dividend History as at Oct 2024

Summing It All Up

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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.