Top US Dividend Stocks For October 2024

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As the U.S. stock market experiences a mixed performance with the S&P 500 and Dow Jones snapping their six-week winning streaks, investors are closely watching economic data and earnings reports for clues about future trends. In this uncertain environment, dividend stocks can offer stability and income potential, making them an attractive option for those looking to navigate the current market landscape.

Top 10 Dividend Stocks In The United States

Name

Dividend Yield

Dividend Rating

WesBanco (NasdaqGS:WSBC)

4.75%

★★★★★★

Peoples Bancorp (NasdaqGS:PEBO)

5.27%

★★★★★★

Columbia Banking System (NasdaqGS:COLB)

5.16%

★★★★★★

Dillard's (NYSE:DDS)

5.54%

★★★★★★

Financial Institutions (NasdaqGS:FISI)

5.00%

★★★★★★

First Interstate BancSystem (NasdaqGS:FIBK)

6.07%

★★★★★★

Farmers National Banc (NasdaqCM:FMNB)

4.97%

★★★★★★

Premier Financial (NasdaqGS:PFC)

5.20%

★★★★★★

Ennis (NYSE:EBF)

4.88%

★★★★★★

Citizens & Northern (NasdaqCM:CZNC)

5.89%

★★★★★★

Click here to see the full list of 177 stocks from our Top US Dividend Stocks screener.

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

Columbia Banking System

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

Overview: Columbia Banking System, Inc., with a market cap of approximately $5.85 billion, operates as the holding company for Umpqua Bank, offering banking, private banking, mortgage, and other financial services in the United States.

Operations: Columbia Banking System, Inc. generates revenue primarily from its banking segment, which amounts to $1.85 billion.

Dividend Yield: 5.2%

Columbia Banking System offers a high and reliable dividend yield of 5.16%, placing it in the top 25% of US dividend payers. Despite recent net charge-offs totaling US$29.12 million, the company's dividends have been stable and growing over the past decade, supported by a reasonable payout ratio of 63.3%. The board recently affirmed a quarterly cash dividend of US$0.36 per share, demonstrating ongoing commitment to returning value to shareholders.

NasdaqGS:COLB Dividend History as at Oct 2024
NasdaqGS:COLB Dividend History as at Oct 2024

Penns Woods Bancorp

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

Overview: Penns Woods Bancorp, Inc., with a market cap of $193.14 million, operates as the bank holding company for Jersey Shore State Bank, offering commercial and retail banking services to individuals, partnerships, non-profit organizations, and corporations.

Operations: Penns Woods Bancorp, Inc. generates revenue primarily through its Community Banking segment, which accounts for $68.05 million.