First National And 2 Other US Dividend Stocks To Boost Your Portfolio

In this article:

As U.S. markets navigate through economic data surprises, including unexpected inflation and jobless claims figures, investors are closely monitoring the Federal Reserve's interest rate strategies. Amidst this backdrop of market fluctuations, dividend stocks offer a potential avenue for stability and income, making them an attractive option for those looking to bolster their portfolios in uncertain times.

Top 10 Dividend Stocks In The United States

Name

Dividend Yield

Dividend Rating

WesBanco (NasdaqGS:WSBC)

4.91%

★★★★★★

Columbia Banking System (NasdaqGS:COLB)

5.55%

★★★★★★

Peoples Bancorp (NasdaqGS:PEBO)

5.43%

★★★★★★

Hope Bancorp (NasdaqGS:HOPE)

4.55%

★★★★★★

Dillard's (NYSE:DDS)

5.83%

★★★★★★

Premier Financial (NasdaqGS:PFC)

5.39%

★★★★★★

Financial Institutions (NasdaqGS:FISI)

4.88%

★★★★★★

OTC Markets Group (OTCPK:OTCM)

4.58%

★★★★★★

CVB Financial (NasdaqGS:CVBF)

4.45%

★★★★★★

Virtus Investment Partners (NYSE:VRTS)

4.39%

★★★★★★

Click here to see the full list of 178 stocks from our Top US Dividend Stocks screener.

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

First National

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

Overview: First National Corporation, with a market cap of $118.89 million, operates as the bank holding company for First Bank, offering a range of commercial banking services to small and medium-sized businesses, individuals, estates, local governmental entities, and non-profit organizations in Virginia.

Operations: First National Corporation generates its revenue primarily from its banking segment, amounting to $49.19 million.

Dividend Yield: 3.2%

First National Corporation offers a stable dividend, having consistently increased payments over the past decade with minimal volatility. Despite a current yield of 3.19%, which is lower than the top quartile of U.S. dividend payers, its dividends are well-covered by earnings due to a low payout ratio of 47.5%. Recent financial performance shows reduced net income and profit margins compared to last year, though net interest income has grown modestly.

NasdaqCM:FXNC Dividend History as at Oct 2024
NasdaqCM:FXNC Dividend History as at Oct 2024

National Bankshares

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

Overview: National Bankshares, Inc., with a market cap of $184.02 million, operates as the bank holding company for the National Bank of Blacksburg, offering retail and commercial banking products and services to individuals, businesses, non-profits, and local governments.

Operations: National Bankshares, Inc. generates its revenue primarily through retail and commercial banking services provided to a diverse clientele, including individuals, businesses, non-profits, and local governments.

Dividend Yield: 5.1%

National Bankshares offers a high dividend yield of 5.07%, ranking in the top quartile of U.S. dividend payers, yet its dividends are not well covered by earnings due to a high payout ratio of 98%. While dividends have grown steadily over the past decade, recent financials show a net loss and decreased profit margins. The stock trades significantly below estimated fair value, though shareholder dilution has occurred recently. Future earnings growth may improve coverage in three years.

NasdaqCM:NKSH Dividend History as at Oct 2024
NasdaqCM:NKSH Dividend History as at Oct 2024

Banco Latinoamericano de Comercio Exterior S. A

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

Overview: Banco Latinoamericano de Comercio Exterior S. A (NYSE:BLX) is a financial institution that specializes in providing trade financing solutions across Latin America, with a market cap of approximately $1.21 billion.

Operations: Banco Latinoamericano de Comercio Exterior S. A generates its revenue primarily from two segments: Treasury, contributing $30.60 million, and Commercial, accounting for $240.44 million.

Dividend Yield: 6%

Banco Latinoamericano de Comercio Exterior provides a substantial dividend yield of 5.96%, positioning it in the top quartile among U.S. dividend payers, supported by a low payout ratio of 33.1%. However, its dividends have been historically volatile and unreliable, with fluctuations exceeding 20% annually over the past decade. Recent earnings growth of 46.7% suggests improved financial performance, but sustainability concerns persist due to an unstable dividend track record and insufficient data on long-term coverage by earnings or cash flows.

NYSE:BLX Dividend History as at Oct 2024
NYSE:BLX Dividend History as at Oct 2024

Summing It All Up

  • Reveal the 178 hidden gems among our Top US Dividend Stocks screener with a single click here.

  • Already own these companies? Link your portfolio to Simply Wall St and get alerts on any new warning signs to your stocks.

  • Simply Wall St is your key to unlocking global market trends, a free user-friendly app for forward-thinking investors.

Ready To Venture Into Other Investment Styles?

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:FXNC NasdaqCM:NKSH and NYSE:BLX.

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

Advertisement