3 Top US Dividend Stocks Yielding Up To 5%

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In the past year, the United States stock market has shown robust growth, appreciating by 20%, despite a recent dip of 1.1% over the last seven days. In this dynamic environment, dividend stocks that offer yields up to 5% can be particularly appealing for investors looking for steady income combined with potential earnings growth.

Top 10 Dividend Stocks In The United States

Name

Dividend Yield

Dividend Rating

Interpublic Group of Companies (NYSE:IPG)

4.45%

★★★★★★

Columbia Banking System (NasdaqGS:COLB)

6.07%

★★★★★★

Premier Financial (NasdaqGS:PFC)

4.97%

★★★★★★

Dillard's (NYSE:DDS)

5.25%

★★★★★★

Resources Connection (NasdaqGS:RGP)

4.89%

★★★★★★

OceanFirst Financial (NasdaqGS:OCFC)

4.58%

★★★★★★

CompX International (NYSEAM:CIX)

5.00%

★★★★★★

OTC Markets Group (OTCPK:OTCM)

4.59%

★★★★★★

West Bancorporation (NasdaqGS:WTBA)

4.76%

★★★★★☆

Southside Bancshares (NasdaqGS:SBSI)

4.63%

★★★★★☆

Click here to see the full list of 185 stocks from our Top US Dividend Stocks screener.

Let's take a closer look at a couple of our picks from the screened companies.

BCB Bancorp

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

Overview: BCB Bancorp, Inc., a bank holding company for BCB Community Bank, provides banking products and services to businesses and individuals in the United States, with a market capitalization of approximately $207.22 million.

Operations: BCB Bancorp, Inc. generates its revenue primarily through its banking operations, which amounted to $91.24 million.

Dividend Yield: 5%

BCB Bancorp offers a compelling dividend yield of 5.04%, ranking in the top 25% of US dividend payers. Despite trading at 56.9% below its estimated fair value, recent earnings show a decline, with net income and interest income both falling compared to the previous year. However, the dividends appear sustainable given a reasonable payout ratio of 53.5%. The company has maintained stable and increasing dividends over the past decade, affirming its commitment to shareholder returns with another quarterly dividend recently declared.

NasdaqGM:BCBP Dividend History as at Jul 2024
NasdaqGM:BCBP Dividend History as at Jul 2024

ConnectOne Bancorp

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

Overview: ConnectOne Bancorp, Inc. serves as the holding company for ConnectOne Bank, offering commercial banking products and services to small and mid-sized businesses, local professionals, and individuals in the New York Metropolitan area and South Florida, with a market capitalization of approximately $852.13 million.

Operations: ConnectOne Bancorp, Inc. generates its revenue primarily through its community banking segment, which accounted for $252.18 million.

Dividend Yield: 3.2%

ConnectOne Bancorp maintains a consistent dividend yield at 3.17%, though it falls below the top quartile of US dividend stocks. The dividends, supported by a sustainable payout ratio of 36.5%, have shown growth over the last decade, indicating reliability. Recently added to the Russell 2000 Dynamic Index, ConnectOne also reported a sequential increase in its quarterly dividend payment to US$0.18 per share as of June 2024. Despite this positive trend in dividends, first quarter earnings for 2024 showed a decline with net income dropping to US$17.21 million from US$24.93 million year-over-year, reflecting potential concerns about earnings sustainability moving forward.

NasdaqGS:CNOB Dividend History as at Jul 2024
NasdaqGS:CNOB Dividend History as at Jul 2024

Independent Bank

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

Overview: Independent Bank Corp., functioning as the bank holding company for Rockland Trust Company, offers commercial banking products and services to individuals and small-to-medium sized businesses in the United States, with a market cap of approximately $2.47 billion.

Operations: Independent Bank Corp. generates its revenue primarily through its community banking segment, which amounted to $677.67 million.

Dividend Yield: 3.7%

Independent Bank reported a decrease in net interest income and net income for Q2 2024, with earnings per share also declining from the previous year. Despite these challenges, the company maintains a stable dividend of US$0.57 per share, reflecting a commitment to shareholder returns. The firm's focus on disciplined acquisition strategies and solid loan underwriting suggests resilience despite current earnings pressures. However, its dividend yield at 3.69% remains below the top quartile of U.S. dividend payers.

NasdaqGS:INDB Dividend History as at Jul 2024
NasdaqGS:INDB Dividend History as at Jul 2024

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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 NasdaqGM:BCBP NasdaqGS:CNOB and NasdaqGS:INDB.

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

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