The U.S. stock market saw a significant rebound this week, with major indexes like the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average each gaining 1.2%. This recovery comes after last week's selloff driven by concerns over a weakening labor market. In light of these market dynamics, dividend stocks can offer stability and income potential for investors seeking to navigate uncertain economic conditions.

Top 10 Dividend Stocks In The United States

Click here to see the full list of 180 stocks from our Top US Dividend Stocks screener.

Let's dive into some prime choices out of the screener.

Evans Bancorp

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

Overview: Evans Bancorp, Inc. is a financial holding company for Evans Bank, N.A., with a market cap of $194.74 million.

Operations: Evans Bancorp, Inc. generates revenue primarily from its banking activities, amounting to $58.86 million, with an additional segment adjustment of $25 million.

Dividend Yield: 3.7%

Evans Bancorp declared a US$0.66 dividend per share, payable on October 10, 2024. Despite recent earnings declines and removal from several Russell indices, the company maintains a low payout ratio of 38%, ensuring dividends are covered by earnings. Evans' dividends have been stable and growing over the past decade. The announced merger with NBT Bancorp for approximately US$230 million could impact future dividend policies but adds strategic value to shareholders.

• Take a closer look at Evans Bancorp's potential here in our dividend report.

• In light of our recent valuation report, it seems possible that Evans Bancorp is trading behind its estimated value.

United Parcel Service

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

Overview: United Parcel Service, Inc. (NYSE:UPS) is a package delivery company that offers transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services with a market cap of approximately $109.25 billion.

Operations: United Parcel Service, Inc. (NYSE:UPS) generates revenue from three main segments: International Package ($17.50 billion), U.S. Domestic Package ($58.93 billion), and Supply Chain Solutions ($13.08 billion).

Dividend Yield: 5.1%

United Parcel Service's dividend yield of 5.11% places it in the top 25% of US dividend payers, with stable and growing dividends over the past decade. However, its high payout ratios (106% earnings and 120.2% cash flow) raise concerns about sustainability. Recent earnings declines and a drop from multiple Russell indices further highlight financial challenges, despite a regular quarterly dividend announcement of $1.63 per share payable on September 5, 2024.

• Unlock comprehensive insights into our analysis of United Parcel Service stock in this dividend report.

• The analysis detailed in our United Parcel Service valuation report hints at an deflated share price compared to its estimated value.

Weyerhaeuser

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

Overview: Weyerhaeuser Company, with a market cap of $22.07 billion, is one of the world's largest private owners of timberlands and has been in operation since 1900.

Operations: Weyerhaeuser's revenue segments include Timberlands at $2.13 billion, Wood Products at $5.56 billion, and Real Estate, Energy, and Natural Resources at $398 million.

Dividend Yield: 3.1%

Weyerhaeuser's dividend yield of 3.1% is below the top 25% of US dividend payers, but its dividends are well-covered by earnings (41.7%) and cash flows (66.5%). Despite a history of volatility in dividend payments, recent affirmations include a quarterly base cash dividend of $0.20 per share payable on September 13, 2024. The company also completed significant share buybacks and reported lower earnings for Q2 2024 compared to the previous year.

• Click here to discover the nuances of Weyerhaeuser with our detailed analytical dividend report.

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

Turning Ideas Into Actions

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Contemplating Other Strategies?

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• 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 NYSEAM:EVBN NYSE:UPS and NYSE:WY.

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