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3 High-Yielding Dividend Stocks From The US With Yields Up To 7.8%

Amid a backdrop of optimism in the U.S. stock market, with major indices approaching record highs and investor sentiment boosted by favorable inflation data, attention turns to the resilience and appeal of high-yielding dividend stocks. In times like these, when economic indicators show potential shifts in monetary policy, dividend stocks can offer both income and stability for investors seeking to balance their portfolios.

Top 10 Dividend Stocks In The United States

Name

Dividend Yield

Dividend Rating

Columbia Banking System (NasdaqGS:COLB)

7.17%

★★★★★★

Resources Connection (NasdaqGS:RGP)

4.95%

★★★★★★

Silvercrest Asset Management Group (NasdaqGM:SAMG)

4.87%

★★★★★★

Regions Financial (NYSE:RF)

4.83%

★★★★★★

Dillard's (NYSE:DDS)

4.82%

★★★★★★

Citizens Financial Group (NYSE:CFG)

4.60%

★★★★★★

CompX International (NYSEAM:CIX)

5.05%

★★★★★★

Ennis (NYSE:EBF)

4.88%

★★★★★★

Credicorp (NYSE:BAP)

5.70%

★★★★★☆

West Bancorporation (NasdaqGS:WTBA)

5.71%

★★★★★☆

Click here to see the full list of 201 stocks from our Top Dividend Stocks screener.

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Here we highlight a subset of our preferred stocks from the screener.

Spok Holdings

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

Overview: Spok Holdings, Inc. offers healthcare communication solutions across the United States, Europe, Canada, Australia, Asia, and the Middle East with a market capitalization of approximately $319.27 million.

Operations: Spok Holdings, Inc. generates its revenue primarily from its Clinical Communication and Collaboration Business, which amounted to $140.75 million.

Dividend Yield: 7.8%

Spok Holdings offers a high dividend yield of 7.82%, ranking in the top 25% of US dividend payers. However, this dividend is not well-supported by earnings or cash flows, with payout ratios at 149.1% and cash payout ratios at 115.4%. Despite these challenges, Spok has maintained stable dividends over the past decade and even increased them, demonstrating reliability in payments. Recent financial results show an uptick in revenue and net income, suggesting some operational improvement, though profit margins have decreased from last year's levels.

NasdaqGS:SPOK Dividend History as at May 2024
NasdaqGS:SPOK Dividend History as at May 2024

Weyco Group

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

Overview: Weyco Group, Inc. is a company that designs and distributes footwear for men, women, and children, with a market capitalization of approximately $284.85 million.

Operations: Weyco Group, Inc. generates revenue primarily through its wholesale segment, which brought in $236.75 million, and its retail operations, which accounted for $38.90 million.

Dividend Yield: 3.4%

Weyco Group maintains a stable dividend history over the last decade, with a recent declaration of US$0.26 per share. Despite lower sales and net income in Q1 2024 compared to the previous year, dividends are well-covered by both earnings and cash flows, with payout ratios of 32.4% and cash payout ratios of 11.3%. However, its dividend yield at 3.44% is below the top quartile of US dividend payers, and ongoing insider selling could raise concerns about future performance stability.

NasdaqGS:WEYS Dividend History as at May 2024
NasdaqGS:WEYS Dividend History as at May 2024

Evans Bancorp

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

Overview: Evans Bancorp, Inc. serves primarily as a financial holding company for Evans Bank, N.A., with a market capitalization of approximately $154.46 million.

Operations: Evans Bancorp, Inc. generates its revenue primarily through banking activities, totaling approximately $60.36 million.

Dividend Yield: 4.7%

Evans Bancorp has demonstrated a consistent dividend history, with a notable yield of 4.66%, placing it in the top 25% of US dividend payers. The dividends are well-supported by earnings, evidenced by a payout ratio of 34.3%. However, recent financials show challenges: Q1 2024 saw a decline in net interest income to US$13.91 million from US$17.33 million year-over-year and a drop in net income to US$2.33 million from US$5.8 million. Additionally, there's been significant insider selling recently, which might concern investors about long-term stability.

NYSEAM:EVBN Dividend History as at May 2024
NYSEAM:EVBN Dividend History as at May 2024

Next Steps

  • Navigate through the entire inventory of 201 Top Dividend Stocks here.

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Ready For A Different Approach?

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 NasdaqGS:SPOK NasdaqGS:WEYS and NYSEAM:EVBN.

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