Top US Dividend Stocks To Consider In August 2024

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As of August 8, 2024, U.S. stocks have rebounded strongly, snapping a three-session selloff with major indexes like the S&P 500 and Nasdaq Composite each gaining around 1%. This recovery comes amid growing investor concerns about the health of the U.S. economy and potential Federal Reserve interest rate cuts. In such an environment, dividend stocks can offer stability and income generation for investors looking to navigate market volatility.

Top 10 Dividend Stocks In The United States

Name

Dividend Yield

Dividend Rating

BCB Bancorp (NasdaqGM:BCBP)

5.72%

★★★★★★

Columbia Banking System (NasdaqGS:COLB)

6.20%

★★★★★★

WesBanco (NasdaqGS:WSBC)

4.80%

★★★★★★

OceanFirst Financial (NasdaqGS:OCFC)

5.08%

★★★★★★

Huntington Bancshares (NasdaqGS:HBAN)

4.62%

★★★★★★

Dillard's (NYSE:DDS)

5.54%

★★★★★★

Premier Financial (NasdaqGS:PFC)

5.25%

★★★★★★

CompX International (NYSEAM:CIX)

5.19%

★★★★★★

Regions Financial (NYSE:RF)

4.83%

★★★★★★

Silvercrest Asset Management Group (NasdaqGM:SAMG)

4.99%

★★★★★★

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

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

Qifu Technology

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

Overview: Qifu Technology, Inc., with a market cap of $2.96 billion, operates a credit-tech platform under the 360 Jietiao brand in the People’s Republic of China.

Operations: Qifu Technology, Inc. generates revenue of CN¥16.84 billion from its unclassified services segment.

Dividend Yield: 5.9%

Qifu Technology's dividend payments have increased but remain volatile, with a history of less than 10 years. Despite this, the company's low payout ratio of 27% and cash payout ratio of 17.8% suggest dividends are well-covered by earnings and cash flow. Recent buybacks totaling US$65 million indicate strong financial health, though Q1 2024 revenue and net income declined year-on-year. Earnings guidance for Q2 shows expected growth between RMB 1.17 billion and RMB 1.23 billion.

NasdaqGS:QFIN Dividend History as at Aug 2024
NasdaqGS:QFIN Dividend History as at Aug 2024

Carter's

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

Overview: Carter's, Inc., with a market cap of $2.14 billion, designs, sources, and markets branded childrenswear under various brands including Carter's, OshKosh, and Skip Hop in the United States and internationally.

Operations: Carter's revenue segments include U.S. Retail ($1.45 billion), U.S. Wholesale ($1 billion), and International ($418.19 million).

Dividend Yield: 5.2%

Carter's dividend payments have been volatile over the past decade, yet they remain well-covered by earnings (47.7% payout ratio) and cash flow (32.7% cash payout ratio). Recent buybacks totaling US$80.82 million suggest robust financial health despite a forecasted 10.2% annual decline in earnings over the next three years. The company's dividend yield is in the top 25% of US market payers, supported by a low price-to-earnings ratio of 9.5x.

NYSE:CRI Dividend History as at Aug 2024
NYSE:CRI Dividend History as at Aug 2024

Global Ship Lease

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

Overview: Global Ship Lease, Inc. owns and charters containerships under fixed-rate charters to container shipping companies worldwide, with a market cap of approximately $882.56 million.

Operations: Global Ship Lease, Inc. generates its revenue by owning and leasing containerships to container shipping companies globally through fixed-rate charters.

Dividend Yield: 6.8%

Global Ship Lease has an unstable dividend history, but recent earnings growth and robust cash flow coverage (17.2% payout ratio) suggest current dividends are sustainable. The company declared a total dividend of US$0.45 per Class A common share for Q2 2024, including a supplemental dividend driven by strong charter market conditions. Despite past volatility, its current yield is in the top 25% of US dividend payers, reflecting good relative value compared to peers.

NYSE:GSL Dividend History as at Aug 2024
NYSE:GSL Dividend History as at Aug 2024

Where To Now?

  • Unlock more gems! Our Top US Dividend Stocks screener has unearthed 182 more companies for you to explore.Click here to unveil our expertly curated list of 185 Top US Dividend Stocks.

  • Hold shares in these firms? Setup your portfolio in Simply Wall St to seamlessly track your investments and receive personalized updates on your portfolio's performance.

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

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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:QFIN NYSE:CRI and NYSE:GSL.

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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