Top US Dividend Stocks To Watch In October 2024

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As the U.S. stock market experiences a surge, buoyed by strong earnings from banks and a rebound in tech stocks like Nvidia, the Dow Jones Industrial Average has reached new record highs. In this dynamic environment, dividend stocks can offer investors stability and income through regular payouts, making them an attractive option amidst market volatility.

Top 10 Dividend Stocks In The United States

Name

Dividend Yield

Dividend Rating

WesBanco (NasdaqGS:WSBC)

4.59%

★★★★★★

Columbia Banking System (NasdaqGS:COLB)

5.20%

★★★★★★

Peoples Bancorp (NasdaqGS:PEBO)

5.00%

★★★★★★

Dillard's (NYSE:DDS)

5.44%

★★★★★★

Silvercrest Asset Management Group (NasdaqGM:SAMG)

4.48%

★★★★★★

Premier Financial (NasdaqGS:PFC)

4.99%

★★★★★★

Financial Institutions (NasdaqGS:FISI)

4.52%

★★★★★★

Ennis (NYSE:EBF)

4.68%

★★★★★★

Chevron (NYSE:CVX)

4.38%

★★★★★★

First Interstate BancSystem (NasdaqGS:FIBK)

5.78%

★★★★★★

Click here to see the full list of 163 stocks from our Top US Dividend Stocks screener.

Below we spotlight a couple of our favorites from our exclusive screener.

CVB Financial

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

Overview: CVB Financial Corp. is a bank holding company for Citizens Business Bank, offering banking and financial services to small to mid-sized businesses and individuals, with a market cap of approximately $2.75 billion.

Operations: CVB Financial Corp. generates revenue primarily from its banking segment, amounting to $527.11 million.

Dividend Yield: 4.1%

CVB Financial offers a reliable dividend, recently affirming a US$0.20 per share payout for Q3 2024. Its dividends are well-covered by earnings with a current payout ratio of 54.4%, ensuring sustainability and stability over the past decade. Despite trading below its estimated fair value, CVB's dividend yield of 4.07% is slightly lower than the top quartile in the U.S., but it remains attractive due to consistent growth and coverage forecasts remaining stable at around 53.6%.

NasdaqGS:CVBF Dividend History as at Oct 2024
NasdaqGS:CVBF Dividend History as at Oct 2024

Mercantile Bank

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

Overview: Mercantile Bank Corporation, with a market cap of $749.59 million, operates as the bank holding company for Mercantile Bank of Michigan, offering commercial and retail banking services to small- to medium-sized businesses and individuals in the United States.

Operations: Mercantile Bank Corporation generates revenue primarily through its banking segment, amounting to $222.19 million.

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