As of September 11, 2024, major U.S. stock indexes have been on an upward trajectory, with the S&P 500 and Nasdaq Composite extending their winning streaks amid strong performances from large-cap technology stocks like Nvidia. This positive momentum comes despite recent concerns about economic volatility and inflation rates. In such a dynamic market environment, dividend stocks offering yields of at least 3.5% can provide a stable income stream while potentially benefiting from capital appreciation.

Top 10 Dividend Stocks In The United States

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

Let's explore several standout options from the results in the screener.

Parke Bancorp

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

Overview: Parke Bancorp, Inc., with a market cap of $246.14 million, operates as the bank holding company for Parke Bank, offering personal and business financial services to individuals and small to mid-sized businesses.

Operations: Parke Bancorp, Inc. generates $64.61 million from its Community Banking segment, providing financial services to individuals and small to mid-sized businesses.

Dividend Yield: 3.5%

Parke Bancorp is trading at 72.5% below its estimated fair value, suggesting potential for appreciation. Despite a decline in profit margins from 51% to 33.7%, the company has maintained stable and growing dividends over the past decade, with a current yield of 3.5%. The dividend payout ratio stands at a manageable 39.5%. Recent earnings show decreased net income and interest income year-over-year, but the company announced a share repurchase program for up to 5% of outstanding stock, potentially enhancing shareholder value.

• Navigate through the intricacies of Parke Bancorp with our comprehensive dividend report here.

• Upon reviewing our latest valuation report, Parke Bancorp's share price might be too pessimistic.

Innovative Industrial Properties

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

Overview: Innovative Industrial Properties, Inc. is a Maryland-based company specializing in acquiring, owning, and managing properties leased to state-licensed cannabis operators, with a market cap of $3.56 billion.

Operations: Innovative Industrial Properties, Inc. generates revenue primarily through its REIT - Commercial segment, amounting to $312.23 million.

Dividend Yield: 6.1%

Innovative Industrial Properties declared a second-quarter 2024 dividend of US$1.90 per share, a 4.4% increase from the previous quarter, translating to an annualized dividend of US$7.60 per share. The company's dividends are covered by earnings (payout ratio: 89.2%) and cash flows (cash payout ratio: 81.3%). Despite being dropped from the Russell 2000 Dynamic Index, IIPR's Q2 revenue and net income showed modest year-over-year growth, with stable basic and diluted EPS at US$1.45 and US$1.44 respectively.

• Delve into the full analysis dividend report here for a deeper understanding of Innovative Industrial Properties.

• In light of our recent valuation report, it seems possible that Innovative Industrial Properties is trading behind its estimated value.

Tsakos Energy Navigation

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

Overview: Tsakos Energy Navigation Limited offers global seaborne crude oil and petroleum product transportation services, with a market cap of $725.54 million.

Operations: Tsakos Energy Navigation Limited generates $829.94 million from the worldwide maritime transportation of liquid energy-related products.

Dividend Yield: 4.9%

Tsakos Energy Navigation Limited recently reported a Q2 net income of US$76.39 million, up from US$60.64 million the previous year, with basic earnings per share at US$2.36. Despite a history of volatile and unreliable dividends over the past decade, recent payouts have been well-covered by both earnings (payout ratio: 6.6%) and cash flows (cash payout ratio: 36.5%). The company declared a semi-annual dividend of $0.60 per share in July 2024 and maintains top-tier dividend yield status in the U.S market at 4.88%.

• Unlock comprehensive insights into our analysis of Tsakos Energy Navigation stock in this dividend report.

• Our valuation report here indicates Tsakos Energy Navigation may be undervalued.

Key Takeaways

• Navigate through the entire inventory of 185 Top US Dividend Stocks here.

• Have you diversified into these companies? Leverage the power of Simply Wall St's portfolio to keep a close eye on market movements affecting your investments.

• Invest smarter with the free Simply Wall St app providing detailed insights into every stock market around the globe.

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 NasdaqCM:PKBK NYSE:IIPR and NYSE:TEN.

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