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3 Leading Dividend Stocks With Yields Up To 4.9%

Amidst a backdrop of fluctuating market performances and significant corporate developments, investors are keenly observing the broader economic indicators and individual sector dynamics. In this context, dividend stocks often draw attention for their potential to provide steady income streams during uncertain times.

Top 10 Dividend Stocks In The United States

Name

Dividend Yield

Dividend Rating

Columbia Banking System (NasdaqGS:COLB)

7.55%

★★★★★★

Resources Connection (NasdaqGS:RGP)

5.08%

★★★★★★

OceanFirst Financial (NasdaqGS:OCFC)

5.26%

★★★★★★

Silvercrest Asset Management Group (NasdaqGM:SAMG)

5.02%

★★★★★★

Regions Financial (NYSE:RF)

5.00%

★★★★★★

Dillard's (NYSE:DDS)

4.86%

★★★★★★

Citizens Financial Group (NYSE:CFG)

4.85%

★★★★★★

Huntington Bancshares (NasdaqGS:HBAN)

4.85%

★★★★★★

CompX International (NYSEAM:CIX)

5.04%

★★★★★★

Financial Institutions (NasdaqGS:FISI)

6.66%

★★★★★☆

Click here to see the full list of 208 stocks from our Top Dividend Stocks screener.

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

Citizens Financial Services

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

Overview: Citizens Financial Services, Inc. operates as a bank holding company, offering a range of banking products and services to individual, business, governmental, and institutional clients with a market capitalization of approximately $192.49 million.

Operations: Citizens Financial Services, Inc. generates its revenue primarily through its community banking segment, which amounted to $91.23 million.

Dividend Yield: 4.4%

Citizens Financial Services recently declared a modest stock dividend of 1.01% and a cash dividend of US$0.49, underscoring its consistent payout history. Despite trading at 61.3% below estimated fair value, the company's dividends are well-covered by earnings with a payout ratio of 49.5%. Although its profit margins have decreased from last year, net interest income and net income showed improvement in Q1 2024. However, the sustainability of future dividends lacks clear data, reflecting some uncertainty in long-term dividend reliability.

NasdaqCM:CZFS Dividend History as at Jun 2024
NasdaqCM:CZFS Dividend History as at Jun 2024

Dime Community Bancshares

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

Overview: Dime Community Bancshares, Inc., serving as the holding company for Dime Community Bank, offers a range of commercial banking and financial services with a market capitalization of approximately $748.61 million.

Operations: Dime Community Bancshares generates its revenue primarily through its community banking segment, which reported earnings of $328.39 million.

Dividend Yield: 5%

Dime Community Bancshares maintains a solid dividend policy, recently affirming a quarterly cash dividend of $0.25 per share, reflecting its consistent approach over the past decade. Despite a challenging financial quarter with net income and interest income both decreasing from the previous year, the firm's dividends remain well-covered by earnings with a reasonable payout ratio of 56.1%. Additionally, Dime has completed recent fixed-income offerings totaling US$65 million to strengthen its capital structure.

NasdaqGS:DCOM Dividend History as at Jun 2024
NasdaqGS:DCOM Dividend History as at Jun 2024

German American Bancorp

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

Overview: German American Bancorp, Inc. serves as a financial holding company for German American Bank, offering retail and commercial banking services with a market capitalization of approximately $1.01 billion.

Operations: German American Bancorp, Inc. generates its revenue primarily through core banking activities, which contributed $191.55 million, supplemented by wealth management services and insurance operations that added $12.56 million and $9.38 million respectively.

Dividend Yield: 3.1%

German American Bancorp offers a stable dividend yield of 3.07%, supported by a low payout ratio of 36.6%, indicating sustainability from earnings. Over the last decade, dividends have shown growth and reliability, although its yield trails behind the top US dividend payers. Recent financials reveal a slight dip in net interest income and net income, with Q1 earnings at US$19.02 million, down from US$20.81 million year-over-year, potentially challenging future growth expectations.

NasdaqGS:GABC Dividend History as at Jun 2024
NasdaqGS:GABC Dividend History as at Jun 2024

Taking Advantage

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:CZFS NasdaqGS:DCOM and NasdaqGS:GABC.

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