Top US Dividend Stocks To Consider In September 2024

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As the U.S. stock market navigates a period of volatility, with the S&P 500 falling for three consecutive days amid economic uncertainties and anticipation of a critical jobs report, investors are increasingly seeking stability through dividend stocks. In such an environment, dividend-paying stocks can offer a reliable income stream and potentially mitigate some of the risks associated with market fluctuations.

Top 10 Dividend Stocks In The United States

Name

Dividend Yield

Dividend Rating

Columbia Banking System (NasdaqGS:COLB)

5.94%

★★★★★★

WesBanco (NasdaqGS:WSBC)

4.59%

★★★★★★

Dillard's (NYSE:DDS)

6.11%

★★★★★★

Silvercrest Asset Management Group (NasdaqGM:SAMG)

5.11%

★★★★★★

Premier Financial (NasdaqGS:PFC)

5.09%

★★★★★★

OceanFirst Financial (NasdaqGS:OCFC)

4.63%

★★★★★★

Chevron (NYSE:CVX)

4.63%

★★★★★★

Regions Financial (NYSE:RF)

4.42%

★★★★★★

OTC Markets Group (OTCPK:OTCM)

4.49%

★★★★★★

Virtus Investment Partners (NYSE:VRTS)

4.46%

★★★★★★

Click here to see the full list of 181 stocks from our Top US Dividend Stocks screener.

Underneath we present a selection of stocks filtered out by our screen.

Artesian Resources

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

Overview: Artesian Resources Corporation, with a market cap of $369.78 million, provides water, wastewater, and other services through its subsidiaries in Delaware, Maryland, and Pennsylvania.

Operations: Artesian Resources Corporation generates $96.36 million from its regulated utility segment and $6.97 million from other non-utility services.

Dividend Yield: 3.2%

Artesian Resources recently reported Q2 2024 earnings with revenue of US$27.42 million and net income of US$5.33 million, reflecting growth from the previous year. The company declared a quarterly dividend of US$0.2955 per share, annualized to US$1.182 per share, though its 3.23% yield is below top-tier dividend payers in the U.S market and not well-covered by free cash flows despite stable payouts over the past decade and a reasonable payout ratio (65.2%).

NasdaqGS:ARTN.A Dividend History as at Sep 2024
NasdaqGS:ARTN.A Dividend History as at Sep 2024

Carter's

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

Overview: Carter's, Inc., with a market cap of $2.42 billion, designs, sources, and markets branded childrenswear under various brands such as Carter's, OshKosh, Skip Hop, and others in the United States and internationally.

Operations: Carter's, Inc. generates revenue through three primary segments: U.S. Retail ($1.45 billion), International ($418.19 million), and U.S. Wholesale ($1 billion).

Dividend Yield: 4.8%

Carter’s declared a quarterly dividend of US$0.80 per share, payable on September 13, 2024. Despite a history of volatile dividends, the current payout is well-covered by earnings (47.7%) and cash flows (32.7%). Recent Q2 earnings showed net income growth to US$27.64 million from US$23.87 million last year, although revenue declined to US$564.43 million from US$600.2 million, reflecting potential challenges ahead for sustaining dividend growth amidst fluctuating financial performance and ongoing share buybacks totaling $80.82 million since early 2022.

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

Coca-Cola FEMSA. de

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

Overview: Coca-Cola FEMSA, S.A.B. de C.V., a franchise bottler with a market cap of $18.28 billion, produces, markets, sells, and distributes Coca-Cola trademark beverages across Mexico and several countries in Central and South America.

Operations: Coca-Cola FEMSA's revenue from non-alcoholic beverages amounts to MX$260.13 billion.

Dividend Yield: 3.5%

Coca-Cola FEMSA reported strong Q2 2024 earnings with net income rising to MXN 5.61 billion from MXN 4.93 billion a year ago, and sales increasing to MXN 69.46 billion from MXN 61.28 billion. The company declared a cash dividend of US$0.75 per share on July 15, 2024, supported by a solid payout ratio (60%) and stable free cash flow coverage (58.9%). Dividends have been reliable and growing over the past decade, though the yield is modest compared to top-tier US dividend payers.

NYSE:KOF Dividend History as at Sep 2024
NYSE:KOF Dividend History as at Sep 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 NasdaqGS:ARTN.A NYSE:CRI and NYSE:KOF.

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