Yahoo Finance Top US Dividend Stocks For August 2024
As of mid-August 2024, the U.S. stock market has been on a positive trajectory, with the S&P 500 and Nasdaq extending their winning streaks to five sessions following favorable inflation data. This recent performance has bolstered investor confidence, particularly in dividend stocks that offer both stability and income potential. In light of these conditions, identifying strong dividend stocks can be a prudent strategy for investors looking to capitalize on steady returns while navigating an evolving economic landscape.
Top 10 Dividend Stocks In The United States
Name | Dividend Yield | Dividend Rating |
BCB Bancorp (NasdaqGM:BCBP) | 5.67% | ★★★★★★ |
WesBanco (NasdaqGS:WSBC) | 4.88% | ★★★★★★ |
Columbia Banking System (NasdaqGS:COLB) | 6.17% | ★★★★★★ |
Silvercrest Asset Management Group (NasdaqGM:SAMG) | 5.05% | ★★★★★★ |
OceanFirst Financial (NasdaqGS:OCFC) | 5.04% | ★★★★★★ |
Huntington Bancshares (NasdaqGS:HBAN) | 4.60% | ★★★★★★ |
Premier Financial (NasdaqGS:PFC) | 5.39% | ★★★★★★ |
Dillard's (NYSE:DDS) | 5.37% | ★★★★★★ |
Regions Financial (NYSE:RF) | 4.79% | ★★★★★★ |
OTC Markets Group (OTCPK:OTCM) | 4.73% | ★★★★★★ |
Click here to see the full list of 186 stocks from our Top US Dividend Stocks screener.
Here we highlight a subset of our preferred stocks from the screener.
Spok Holdings
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Spok Holdings, Inc., with a market cap of $311.05 million, provides healthcare communication solutions through its subsidiary Spok, Inc., operating in the United States, Europe, Canada, Australia, Asia, and the Middle East.
Operations: Spok Holdings generates $138.27 million in revenue from its Clinical Communication and Collaboration Business segment.
Dividend Yield: 8.2%
Spok Holdings has a high dividend yield of 8.17%, placing it in the top 25% of US dividend payers, but its dividends are not well covered by earnings or free cash flow, with payout ratios at 162.3% and a cash payout ratio of 119%. Despite stable and growing dividends over the past decade, recent financial results show declining revenue and profit margins. The company declared a quarterly dividend of US$0.3125 per share on July 24, 2024.
Click to explore a detailed breakdown of our findings in Spok Holdings' dividend report.
Upon reviewing our latest valuation report, Spok Holdings' share price might be too pessimistic.
CompX International
Simply Wall St Dividend Rating: ★★★★★☆
Overview: CompX International Inc. manufactures and sells security products and recreational marine components primarily in North America, with a market cap of $367.22 million.
Operations: CompX International Inc. generates revenue from two primary segments: $126.27 million from Security Products and $31.11 million from Marine Components.
Dividend Yield: 3.8%
CompX International has declared a regular quarterly dividend of $0.30 per share and a special cash dividend of $2.00 per share, both payable in August and September 2024. The company’s dividends are well-covered by earnings (64.3% payout ratio) and free cash flow (56.5% cash payout ratio). Despite stable dividends over the past decade, recent earnings reports show mixed results with slight declines in sales but increased net income year-over-year for Q2 2024 at US$4.84 million.
DRDGOLD
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: DRDGOLD Limited, with a market cap of $813.25 million, is a gold mining company that focuses on the surface gold tailings retreatment business in South Africa.
Operations: DRDGOLD Limited generates revenue from two primary segments: Ergo, contributing ZAR 4.34 billion, and FWGR, adding ZAR 1.47 billion.
Dividend Yield: 5%
DRDGOLD's dividend yield of 5% places it in the top 25% of US dividend payers. However, its dividends have been volatile over the past decade and are not well-covered by free cash flows or earnings. Despite a reasonable payout ratio (54.8%) and a low price-to-earnings ratio (11x), sustainability is questionable due to inconsistent cash flow coverage. Earnings grew by 14.9% last year, but high non-cash earnings may affect quality.
Where To Now?
Dive into all 186 of the Top US Dividend Stocks we have identified here.
Shareholder in one or more of these companies? Ensure you're never caught off-guard by adding your portfolio in Simply Wall St for timely alerts on significant stock developments.
Simply Wall St is your key to unlocking global market trends, a free user-friendly app for forward-thinking investors.
Ready For A Different Approach?
Explore high-performing small cap companies that haven't yet garnered significant analyst attention.
Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management.
Find companies with promising cash flow potential yet trading below their fair value.
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 NYSEAM:CIX and NYSE:DRD.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
