3 US Dividend Stocks To Enhance Your Portfolio

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As the U.S. stock market attempts to rebound from a recent Fed-fueled sell-off, investors are closely monitoring the performance of major indices like the Dow Jones Industrial Average and Nasdaq Composite, which have shown signs of recovery in early trading. In such volatile times, dividend stocks can offer a measure of stability and income potential, making them an attractive option for those looking to enhance their portfolios amidst fluctuating market conditions.

Top 10 Dividend Stocks In The United States

Name

Dividend Yield

Dividend Rating

WesBanco (NasdaqGS:WSBC)

4.49%

★★★★★★

Columbia Banking System (NasdaqGS:COLB)

5.37%

★★★★★★

Peoples Bancorp (NasdaqGS:PEBO)

5.02%

★★★★★★

Financial Institutions (NasdaqGS:FISI)

4.43%

★★★★★★

Dillard's (NYSE:DDS)

4.83%

★★★★★★

Southside Bancshares (NYSE:SBSI)

4.49%

★★★★★★

First Interstate BancSystem (NasdaqGS:FIBK)

5.90%

★★★★★★

Citizens & Northern (NasdaqCM:CZNC)

5.95%

★★★★★★

Premier Financial (NasdaqGS:PFC)

4.77%

★★★★★★

Chevron (NYSE:CVX)

4.53%

★★★★★☆

Click here to see the full list of 160 stocks from our Top US Dividend Stocks screener.

Let's take a closer look at a couple of our picks from the screened companies.

Enact Holdings

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

Overview: Enact Holdings, Inc. is a private mortgage insurance company operating in the United States with a market cap of approximately $5.21 billion.

Operations: Enact Holdings, Inc. generates revenue primarily through its Insurance - Surety & Title segment, which amounted to $1.20 billion.

Dividend Yield: 4.4%

Enact Holdings offers a dividend yield in the top 25% of US payers, supported by a low payout ratio of 16.4%. However, its dividend history is relatively short and marked by volatility. Recent earnings growth and share buybacks reflect financial strength, with net income rising to US$180.67 million in Q3 2024. Despite these positives, future earnings are forecasted to decline slightly, which may impact long-term dividend stability.

NasdaqGS:ACT Dividend History as at Dec 2024
NasdaqGS:ACT Dividend History as at Dec 2024

Evans Bancorp

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

Overview: Evans Bancorp, Inc. operates as a financial holding company for Evans Bank, N.A., with a market cap of $245.96 million.

Operations: Evans Bancorp, Inc.'s revenue is primarily derived from its Banking Activities segment, which generated $60.39 million.

Dividend Yield: 3%

Evans Bancorp maintains a reliable dividend history with stable and growing payments over the past decade, supported by a low payout ratio of 39.4%. However, its current yield of 3.03% is below the top quartile in the US market. The company faces challenges, including forecasted earnings decline and recent net income reduction to US$2.94 million in Q3 2024 from US$3.62 million a year ago, which may affect future dividend sustainability despite consistent past performance.