Recent fluctuations in major U.S. stock indexes, marked by a downturn in technology stocks and broader market declines, underscore the volatile nature of today’s investment landscape. In such an environment, dividend stocks like SB Financial Group may offer investors a measure of stability through regular income generation, making them particularly appealing amidst current market uncertainties.
Top 10 Dividend Stocks In The United States
Name
Dividend Yield
Dividend Rating
Columbia Banking System (NasdaqGS:COLB)
6.14%
★★★★★★
Resources Connection (NasdaqGS:RGP)
5.27%
★★★★★★
Premier Financial (NasdaqGS:PFC)
5.10%
★★★★★★
Dillard's (NYSE:DDS)
5.24%
★★★★★★
Silvercrest Asset Management Group (NasdaqGM:SAMG)
Overview: SB Financial Group, Inc., with a market cap of approximately $107.20 million, operates as the financial holding company for the State Bank and Trust Company, offering commercial banking and wealth management services mainly in Ohio, Indiana, and Michigan.
Operations: SB Financial Group, Inc. specializes in commercial banking and wealth management services, catering to both individuals and corporate clients across Ohio, Indiana, and Michigan.
Dividend Yield: 3.6%
SB Financial Group offers a stable and reliable dividend, with a 3.62% yield, which is lower than the top US dividend payers. Dividends have shown growth over the past decade and are well-covered by earnings due to a low payout ratio of 30%. However, earnings are expected to decline annually by 11.2% over the next three years. Recent financial performance shows slight fluctuations in net income and interest income, alongside minor changes in EPS.
Overview: Union Bankshares, Inc., serving as the bank holding company for Union Bank, offers retail, commercial, and municipal banking products and services in northern Vermont and New Hampshire with a market capitalization of approximately $115.79 million.
Operations: Union Bankshares, Inc. generates its revenue primarily through its Community Bank segment, which reported earnings of $47.75 million.
Dividend Yield: 5.6%
Union Bankshares recently affirmed a quarterly dividend of US$0.36 per share, maintaining its decade-long record of stable payouts. Despite a slight dip in net interest income and net income as reported in the first quarter of 2024, the company's dividends remain well-covered with a payout ratio of 60.7%. The stock is currently undervalued, trading at 47.8% below estimated fair value, and offers an attractive yield of 5.62%, placing it in the top quartile of US dividend payers.
Overview: Independent Bank Corporation, serving as the holding company for Independent Bank, offers commercial banking services to individuals and businesses in rural and suburban Michigan communities, with a market capitalization of approximately $666.37 million.
Operations: Independent Bank Corporation generates its revenue primarily through its subsidiary, Independent Bank, which contributed $205.98 million.
Dividend Yield: 3.1%
Independent Bank Corporation, despite forecasting a slight earnings decline of 0.3% annually over the next three years, has maintained a stable dividend for the past decade. Its current dividend yield stands at 3.05%, which is lower than the top quartile of US dividend stocks at 4.41%. However, with a payout ratio of 31.3%, its dividends are well-covered by earnings. The stock is also trading at an attractive valuation, being 56.2% below its estimated fair value as per recent assessments.
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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.
