As of August 16, 2024, U.S. markets have shown remarkable resilience, with major indexes like the S&P 500 and Nasdaq Composite posting their best weekly gains of the year amid waning economic concerns and optimism about potential interest rate cuts by the Federal Reserve. This positive market sentiment provides a favorable backdrop for investors looking to capitalize on dividend stocks that offer attractive yields. In this article, we will explore three U.S. dividend stocks yielding up to 6.6%, highlighting what makes them appealing in today's market environment where stability and income generation are highly valued.

Top 10 Dividend Stocks In The United States

Click here to see the full list of 184 stocks from our Top US Dividend Stocks screener.

Here's a peek at a few of the choices from the screener.

Cisco Systems

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

Overview: Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol-based networking and other products related to the communications and information technology industry globally, with a market cap of approximately $199.27 billion.

Operations: Cisco Systems, Inc. generated $53.80 billion in revenue from its Computer Networks segment.

Dividend Yield: 3.2%

Cisco Systems has declared a quarterly dividend of US$0.40 per share, maintaining a consistent payout supported by earnings and cash flow coverage ratios of 61.9% and 63.1%, respectively. Despite recent declines in revenue (US$13.64 billion) and net income (US$2.16 billion) for Q4 FY2024, Cisco's dividends remain stable over the past decade with a current yield of 3.23%. The company's strategic alliances and innovative product developments could bolster future performance amidst competitive pressures.

• Navigate through the intricacies of Cisco Systems with our comprehensive dividend report here.

• Our expertly prepared valuation report Cisco Systems implies its share price may be lower than expected.

SpartanNash

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

Overview: SpartanNash Company distributes and retails grocery products in the United States, with a market cap of $714.38 million.

Operations: SpartanNash's revenue is derived from two primary segments: Retail, generating $2.78 billion, and Wholesale, contributing $7.96 billion.

Dividend Yield: 4.1%

SpartanNash's dividends have been reliable and growing over the past decade, with a recent quarterly dividend of US$0.2175 per share. Despite a decline in Q2 2024 net income to US$11.49 million from US$19.47 million a year ago, the company's earnings and cash flow coverage ratios of 64.1% and 70.6%, respectively, ensure dividend sustainability. With reaffirmed FY2024 sales guidance between $9.5 billion to $9.7 billion, SpartanNash continues to focus on strategic store remodels and community engagement initiatives.

• Unlock comprehensive insights into our analysis of SpartanNash stock in this dividend report.

• Insights from our recent valuation report point to the potential undervaluation of SpartanNash shares in the market.

XP

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

Overview: XP Inc. provides financial products and services in Brazil with a market cap of $10.69 billion (NasdaqGS:XP).

Operations: XP Inc. generates revenue primarily through its brokerage services, amounting to R$15.76 billion.

Dividend Yield: 6.6%

XP Inc. recently reported Q2 2024 earnings with revenue of BRL 4.22 billion and net income of BRL 1.12 billion, reflecting strong financial performance. The company initiated a share repurchase program worth BRL 1 billion and completed a $500 million debt offering for refinancing purposes. Although XP's dividend yield is attractive at 6.61%, it's too early to assess the stability or growth potential of its dividends, which are currently well covered by earnings (45.5%) and cash flows (72.7%).

• Click to explore a detailed breakdown of our findings in XP's dividend report.

• Our valuation report here indicates XP may be undervalued.

Key Takeaways

• Explore the 184 names from our Top US Dividend Stocks screener here.

• Are any of these part of your asset mix? Tap into the analytical power of Simply Wall St's portfolio to get a 360-degree view on how they're shaping up.

• Streamline your investment strategy with Simply Wall St's app for free and benefit from extensive research on stocks across all corners of the world.

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.

Companies discussed in this article include NasdaqGS:CSCO NasdaqGS:SPTN and NasdaqGS:XP.

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