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Exploring Qifu Technology And Two Other Top Dividend Stocks

The United States stock market has shown robust growth with a 22% increase over the past year, despite remaining flat over the last week. In this context, selecting dividend stocks like Qifu Technology that potentially offer steady returns and are poised for earnings growth becomes particularly appealing.

Top 10 Dividend Stocks In The United States

Name

Dividend Yield

Dividend Rating

Columbia Banking System (NasdaqGS:COLB)

7.61%

★★★★★★

Resources Connection (NasdaqGS:RGP)

5.10%

★★★★★★

Silvercrest Asset Management Group (NasdaqGM:SAMG)

4.98%

★★★★★★

Regions Financial (NYSE:RF)

5.16%

★★★★★★

Citizens Financial Group (NYSE:CFG)

4.92%

★★★★★★

Dillard's (NYSE:DDS)

4.89%

★★★★★★

CompX International (NYSEAM:CIX)

5.02%

★★★★★★

Ennis (NYSE:EBF)

4.79%

★★★★★★

Southside Bancshares (NasdaqGS:SBSI)

5.56%

★★★★★☆

Evans Bancorp (NYSEAM:EVBN)

5.09%

★★★★★☆

Click here to see the full list of 211 stocks from our Top Dividend Stocks screener.

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

Qifu Technology

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

Overview: Qifu Technology, Inc. operates a credit-tech platform under the 360 Jietiao brand in China, with a market capitalization of approximately $3.10 billion.

Operations: Qifu Technology, Inc. generates revenue primarily from unclassified services, totaling CN¥16.84 billion.

Dividend Yield: 5.8%

Qifu Technology's dividend yield of 5.79% ranks in the top 25% in the US market, supported by a sustainable payout ratio of 27% from earnings and an even lower cash payout ratio of 18%. Despite its good value trading at 76.1% below estimated fair value and recent share buybacks totaling US$65 million, dividends have been inconsistent over their brief three-year history with some volatility noted. Additionally, while earnings are projected to grow by approximately 9.48% annually, recent quarterly reports indicate a decrease in revenue and net income compared to the previous year, suggesting potential challenges ahead in maintaining dividend growth.

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

Central Pacific Financial

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

Overview: Central Pacific Financial Corp., operating as the bank holding company for Central Pacific Bank, offers commercial banking products and services to businesses, professionals, and individuals in the United States, with a market cap of approximately $549.77 million.

Operations: Central Pacific Financial Corp. generates its revenue primarily through its banking segment, which amounted to $235.09 million.

Dividend Yield: 5.1%

Central Pacific Financial's recent dividend affirmation at $0.26 per share reflects a stable payout, consistent with its 10-year history of reliable dividends. Despite a decrease in net income from US$16.19 million to US$12.95 million and net interest income dropping to US$50.19 million, the dividend is supported by a reasonable payout ratio of 50.7%. The stock trades at 68.9% below estimated fair value and offers an attractive yield of 5.12%, ranking in the top quartile for U.S dividends, though recent earnings trends could pose challenges for future growth and sustainability.

NYSE:CPF Dividend History as at Jun 2024
NYSE:CPF Dividend History as at Jun 2024

Eastman Chemical

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

Overview: Eastman Chemical Company, a specialty materials company, operates in the United States, China, and globally with a market capitalization of approximately $12.15 billion.

Operations: Eastman Chemical Company generates revenue from several key segments: Fibers ($1.32 billion), Advanced Materials ($2.94 billion), Chemical Intermediates ($2.08 billion), and Additives & Functional Products ($2.76 billion).

Dividend Yield: 3.1%

Eastman Chemical's recent financial performance shows robust growth with a 33.7% increase in earnings over the past year, and a dividend yield of 3.14%. The company maintains a sustainable payout ratio of 40.9%, backed by earnings and cash flows, indicating reliable dividend payments. However, its dividend yield is lower compared to the top U.S. dividend payers. Recent strategic board additions and expansion into molecular recycling highlight ongoing business strengthening despite high debt levels.

NYSE:EMN Dividend History as at Jun 2024
NYSE:EMN Dividend History as at Jun 2024

Seize The Opportunity

  • Delve into our full catalog of 211 Top Dividend Stocks here.

  • Have you diversified into these companies? Leverage the power of Simply Wall St's portfolio to keep a close eye on market movements affecting your investments.

  • Enhance your investing ability with the Simply Wall St app and enjoy free access to essential market intelligence spanning every continent.

Interested In Other Possibilities?

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:QFIN NYSE:CPF and NYSE:EMN.

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