As of August 2024, the U.S. stock market has experienced a volatile week, with major indexes like the S&P 500 and Nasdaq Composite showing both significant gains and losses. Despite this turbulence, dividend stocks remain an attractive option for investors seeking steady income streams amidst economic uncertainty. In light of recent market fluctuations, selecting dividend stocks with strong fundamentals and consistent payout histories can provide stability and potential for long-term growth.

Top 10 Dividend Stocks In The United States

Click here to see the full list of 187 stocks from our Top US Dividend Stocks screener.

Let's take a closer look at a couple of our picks from the screened companies.

Citizens Financial Services

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

Overview: Citizens Financial Services, Inc., a bank holding company with a market cap of $214.43 million, offers a range of banking products and services to individual, business, governmental, and institutional customers.

Operations: Citizens Financial Services, Inc. generates $98.19 million in revenue from its Community Banking segment.

Dividend Yield: 4.3%

Citizens Financial Services has shown consistent dividend growth and stability over the past decade, with a reliable payout ratio of 33.7%, ensuring dividends are well covered by earnings. Recent earnings reports highlight significant growth, with net income reaching US$5.28 million in Q2 2024 compared to a loss last year, despite US$675,000 in net charge-offs. Additionally, the company's inclusion in the Russell 2000 Dynamic Index underscores its market relevance.

• Dive into the specifics of Citizens Financial Services here with our thorough dividend report.

• Upon reviewing our latest valuation report, Citizens Financial Services' share price might be too pessimistic.

Dillard's

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

Overview: Dillard's, Inc. operates retail department stores in the southeastern, southwestern, and midwestern United States and has a market cap of approximately $6.31 billion.

Operations: Dillard's, Inc. generates revenue primarily from its retail operations ($6.57 billion) and construction activities ($307.48 million).

Dividend Yield: 5.4%

Dillard's offers a high and reliable dividend yield of 5.4%, placing it in the top 25% of US dividend payers. The company's dividends have been stable and growing over the past decade, supported by a low payout ratio of 2.2% and a cash payout ratio of 47.9%. Despite recent earnings declines, DDS was added to multiple Russell Value indices, reflecting its strong value proposition in the market.

• Click here and access our complete dividend analysis report to understand the dynamics of Dillard's.

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

Devon Energy

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

Overview: Devon Energy Corporation is an independent energy company focused on the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States with a market cap of $28.13 billion.

Operations: Devon Energy Corporation generates $14.75 billion in revenue from its oil and gas exploration and production activities.

Dividend Yield: 4.5%

Devon Energy recently reported strong Q2 results, with revenue of US$3.92 billion and net income of US$844 million. The company declared a fixed-plus-variable dividend of $0.44 per share, reflecting a stable payout ratio covered by earnings and cash flows. Despite an unstable dividend track record, Devon's dividends are well-supported by its financial performance and recent production increases, making it a noteworthy consideration for dividend investors seeking exposure to the energy sector.

• Get an in-depth perspective on Devon Energy's performance by reading our dividend report here.

• Our valuation report here indicates Devon Energy may be undervalued.

Turning Ideas Into Actions

• Access the full spectrum of 187 Top US Dividend Stocks by clicking on this link.

• Are these companies part of your investment strategy? Use Simply Wall St to consolidate your holdings into a portfolio and gain insights with our comprehensive analysis tools.

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Interested In Other Possibilities?

• 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:CZFS NYSE:DDS and NYSE:DVN.

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