US Dividend Stocks To Consider For Your Portfolio

US Dividend Stocks To Consider For Your Portfolio

As the U.S. markets experience a rebound, with the S&P 500 and Nasdaq recovering from recent losses, investors are paying close attention to dividend stocks as a potential source of steady income amidst fluctuating market conditions. In this environment, selecting dividend stocks with strong fundamentals and reliable payout histories can be an effective strategy for building a resilient investment portfolio.

Name

Dividend Yield

Dividend Rating

Peoples Bancorp (NasdaqGS:PEBO)

4.57%

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Interpublic Group of Companies (NYSE:IPG)

4.80%

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Columbia Banking System (NasdaqGS:COLB)

4.71%

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Isabella Bank (OTCPK:ISBA)

4.52%

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Dillard’s (NYSE:DDS)

4.86%

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Financial Institutions (NasdaqGS:FISI)

4.52%

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Farmers National Banc (NasdaqCM:FMNB)

4.48%

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First Interstate BancSystem (NasdaqGS:FIBK)

5.61%

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Citizens & Northern (NasdaqCM:CZNC)

5.57%

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Premier Financial (NasdaqGS:PFC)

4.46%

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Click here to see the full list of 139 stocks from our Top US Dividend Stocks screener.

Let’s review some notable picks from our screened stocks.

Simply Wall St Dividend Rating: β˜…β˜…β˜…β˜…β˜†β˜†

Overview: Silicon Motion Technology Corporation designs, develops, and markets NAND flash controllers for solid-state storage devices globally, with a market cap of approximately $1.72 billion.

Operations: Silicon Motion Technology Corporation generates revenue primarily from developing NAND flash controllers for solid-state storage devices, amounting to $814.77 million.

Dividend Yield: 3.8%

Silicon Motion Technology’s dividend yield of 3.79% is below the top quartile of U.S. dividend payers, and its track record shows volatility over the past decade despite recent increases. The company’s payout ratio stands at a sustainable 31.5%, indicating dividends are well-covered by earnings, though cash flow coverage is tighter at 82.9%. Recent financial performance shows strong growth in revenue and net income, supporting future dividend payments amidst ongoing strategic developments and executive changes.

NasdaqGS:SIMO Dividend History as at Nov 2024
NasdaqGS:SIMO Dividend History as at Nov 2024

Simply Wall St Dividend Rating: β˜…β˜…β˜…β˜…β˜…β˜†

Overview: Chevron Corporation operates in integrated energy and chemicals sectors both in the United States and internationally, with a market cap of approximately $290.09 billion.

Operations: Chevron Corporation’s revenue segments include Upstream operations in the United States at $44.64 billion and internationally at $44.43 billion, as well as Downstream operations in the United States generating $83.06 billion and internationally contributing $76.77 billion.

Dividend Yield: 4.1%

Chevron’s dividend yield of 4.06% is slightly below the top quartile of U.S. dividend payers, yet it remains a reliable choice with stable and growing payouts over the past decade. The company’s dividends are well-covered by earnings (70.3% payout ratio) and cash flows (62.5% cash payout ratio). Recent financials show a decline in profit margins and net income, but strategic divestments and collaborations, such as AI advancements with Honeywell, support its portfolio optimization efforts.

NYSE:CVX Dividend History as at Nov 2024
NYSE:CVX Dividend History as at Nov 2024

Simply Wall St Dividend Rating: β˜…β˜…β˜…β˜…β˜†β˜†

Overview: Global Ship Lease, Inc. operates by owning and chartering containerships under fixed-rate charters to container shipping companies globally, with a market cap of approximately $838.16 million.

Operations: Global Ship Lease’s revenue segment is primarily derived from its Transportation – Shipping operations, amounting to $701.48 million.

Dividend Yield: 7.6%

Global Ship Lease offers a high dividend yield of 7.6%, placing it in the top 25% of U.S. dividend payers, with payments well-covered by earnings and cash flows due to low payout ratios (18.3% and 16%, respectively). Despite this, its nine-year dividend history is marked by volatility and declining payments. Recent earnings showed slightly lower quarterly revenue at US$174.06 million but improved nine-month figures, with net income rising to US$261.06 million year-over-year.

NYSE:GSL Dividend History as at Nov 2024
NYSE:GSL Dividend History as at Nov 2024
  • Gain an insight into the universe of 139 Top US Dividend Stocks by clicking here.

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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.

Companies discussed in this article include NasdaqGS:SIMO NYSE:CVX and NYSE:GSL.

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