Yahoo Finance Burke & Herbert Financial Services Leads Three Key Dividend Stocks
The United States stock market has shown robust performance, climbing 1.6% in the last week and achieving a 21% increase over the past year, with earnings expected to grow by 15% annually. In this thriving environment, dividend stocks like Burke & Herbert Financial Services stand out as appealing options for investors looking for steady income combined with potential capital appreciation.
Top 10 Dividend Stocks In The United States
Name | Dividend Yield | Dividend Rating |
Columbia Banking System (NasdaqGS:COLB) | 7.65% | ★★★★★★ |
Resources Connection (NasdaqGS:RGP) | 5.28% | ★★★★★★ |
Silvercrest Asset Management Group (NasdaqGM:SAMG) | 5.11% | ★★★★★★ |
Regions Financial (NYSE:RF) | 5.08% | ★★★★★★ |
Huntington Bancshares (NasdaqGS:HBAN) | 5.00% | ★★★★★★ |
Dillard's (NYSE:DDS) | 4.93% | ★★★★★★ |
Citizens Financial Group (NYSE:CFG) | 4.87% | ★★★★★★ |
CompX International (NYSEAM:CIX) | 5.45% | ★★★★★★ |
Credicorp (NYSE:BAP) | 5.88% | ★★★★★☆ |
Southside Bancshares (NasdaqGS:SBSI) | 5.64% | ★★★★★☆ |
Click here to see the full list of 209 stocks from our Top Dividend Stocks screener.
Underneath we present a selection of stocks filtered out by our screen.
Burke & Herbert Financial Services
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Burke & Herbert Financial Services Corp., with a market cap of $704.68 million, serves as the holding company for Burke & Herbert Bank & Trust Company, offering a range of community banking products and services in Virginia and Maryland.
Operations: Burke & Herbert Financial Services Corp. generates its revenue primarily through its community banking segment, which amounted to $107.52 million.
Dividend Yield: 4.3%
Burke & Herbert Financial Services recently declared a consistent quarterly dividend of US$0.53 per share, maintaining a stable payout history. However, their net interest income and net income have declined from the previous year, with current figures at US$22.13 million and US$5.21 million respectively. Despite this downturn, the dividend yield remains modest at 4.3%. The firm's recent board changes and filings suggest strategic shifts possibly aiming to bolster future performance amidst challenges like reduced profit margins and shareholder dilution over the past year.
Middlefield Banc
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Middlefield Banc Corp., with a market cap of $168.36 million, serves as the bank holding company for The Middlefield Banking Company, offering commercial banking services to small and medium-sized businesses, professionals, small business owners, and retail customers in northeastern and central Ohio.
Operations: Middlefield Banc Corp. generates its revenue primarily through banking services, with a total segment revenue of $68.11 million.
Dividend Yield: 3.6%
Middlefield Banc has maintained steady dividend payments over the past decade, recently affirming a quarterly cash dividend of US$0.20 per share. Despite a downturn in net interest income and net income as reported in Q1 2024, dividends appear sustainable with a payout ratio of 38.9%. However, earnings are projected to decline annually by 12.1% over the next three years, and its current yield of 3.6% trails the top quartile of U.S. dividend stocks at 4.8%.
Northrim BanCorp
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Northrim BanCorp, Inc., serving as the bank holding company for Northrim Bank, offers commercial banking products and services to businesses and professional individuals, with a market capitalization of approximately $294.34 million.
Operations: Northrim BanCorp, Inc. generates its revenue primarily through two segments: Community Banking, which brought in $106.27 million, and Home Mortgage Lending, contributing $24.08 million.
Dividend Yield: 4.4%
Northrim BanCorp has consistently paid dividends over the last decade, recently declaring a quarterly dividend of US$0.61 per share. With a payout ratio of 46.7%, these dividends are well supported by earnings, although its yield of 4.38% is below the top quartile benchmark of 4.8% in the U.S market. Despite trading at a significant discount to fair value and showing modest annual earnings growth, there's insufficient data to confirm the sustainability of future dividends beyond three years.
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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 NasdaqCM:BHRB NasdaqCM:MBCN and NasdaqGS:NRIM.
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