3 Dividend Stocks With Yields Up To 11.8% For Your Portfolio
In the last week, the United States market has stayed flat, yet over the past 12 months, it has risen by 19%, with earnings forecasted to grow by 18% annually. In this context of growth and stability, dividend stocks with attractive yields can offer investors a way to potentially enhance their income streams while participating in market gains.
Top 10 Dividend Stocks In The United States
| Name | Dividend Yield | Dividend Rating |
| Peoples Bancorp (PEBO) | 4.37% | ★★★★★☆ |
| OTC Markets Group (OTCM) | 5.59% | ★★★★★★ |
| Huntington Bancshares (HBAN) | 3.46% | ★★★★★☆ |
| Frontline (FRO) | 4.77% | ★★★★★☆ |
| First Interstate BancSystem (FIBK) | 4.84% | ★★★★★★ |
| Ennis (EBF) | 4.69% | ★★★★★★ |
| Columbia Banking System (COLB) | 4.63% | ★★★★★★ |
| Coca-Cola FEMSA. de (KOF) | 4.27% | ★★★★★☆ |
| Bladex (BLX) | 4.77% | ★★★★★☆ |
| Accenture (ACN) | 4.71% | ★★★★★★ |
Click here to see the full list of 89 stocks from our Top US Dividend Stocks screener.
Let's dive into some prime choices out of the screener.
Spok Holdings (SPOK)
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Spok Holdings, Inc., through its subsidiary Spok, Inc., provides healthcare communication solutions across various regions including the United States, Europe, and Asia, with a market cap of $217.64 million.
Operations: Spok Holdings generates revenue from its Clinical Communication and Collaboration Business segment, which amounted to $136.64 million.
Dividend Yield: 11.8%
Spok Holdings offers a high dividend yield of 11.85%, placing it in the top 25% of US dividend payers, but its sustainability is questionable due to a payout ratio exceeding earnings and cash flows. Despite stable and growing dividends over the past decade, recent financials show declining revenues and net income. Strategic cost-cutting measures, including workforce reductions, aim to enhance operational focus. Recent executive changes may impact future financial strategies and stability.
- Get an in-depth perspective on Spok Holdings' performance by reading our dividend report here.
- Our valuation report unveils the possibility Spok Holdings' shares may be trading at a discount.
Lamb Weston Holdings (LW)
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Lamb Weston Holdings, Inc. specializes in producing, distributing, and marketing frozen potato products across the United States, Canada, Mexico, and globally with a market cap of approximately $6.41 billion.
Operations: Lamb Weston Holdings generates revenue through its International segment, which accounts for $2.23 billion, and its North America segment, contributing $4.29 billion.
Dividend Yield: 3.2%
Lamb Weston Holdings provides a reliable dividend, supported by a reasonable payout ratio of 69.3% and strong cash flow coverage at 33.1%. However, its 3.24% yield is below the top quartile of US dividend payers. The company faces challenges with high debt levels and recent legal issues related to environmental concerns in Oregon, which could impact financial stability. Additionally, activist investor Starboard Value has called for strategic changes to restore earnings growth and shareholder confidence.
- Dive into the specifics of Lamb Weston Holdings here with our thorough dividend report.
- Our expertly prepared valuation report Lamb Weston Holdings implies its share price may be too high.
Progressive (PGR)
Simply Wall St Dividend Rating: ★★★★★☆
Overview: The Progressive Corporation operates as an insurance company in the United States with a market capitalization of approximately $134.82 billion.
Operations: Progressive generates revenue through its insurance operations, with $73.54 billion from Personal Lines including Property and $10.88 billion from Commercial Lines.
Dividend Yield: 5.9%
Progressive's dividend yield of 5.93% ranks in the top 25% of US dividend payers, supported by a low payout ratio of 2%, indicating strong earnings coverage. However, its dividends have been unstable over the past decade, with notable volatility. Recent significant insider selling and removal from several Russell Growth Indexes may raise concerns about future stability and growth prospects. Additionally, leadership changes are underway as key executives retire or transition roles.
- Take a closer look at Progressive's potential here in our dividend report.
- According our valuation report, there's an indication that Progressive's share price might be on the cheaper side.
Taking Advantage
- Unlock more gems! Our Top US Dividend Stocks screener has unearthed 86 more companies for you to explore.Click here to unveil our expertly curated list of 89 Top US Dividend Stocks.
- 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.
- Elevate your portfolio with Simply Wall St, the ultimate app for investors seeking global market coverage.
Searching for a Fresh Perspective?
- 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.
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