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Top U.S. Dividend Stocks
UPDATED Sep 29, 2022
What are the best U.S. Dividend Stocks?
According to our Simply Wall St analysis these are the best U.S. dividend companies. We look for companies with high quality dividends and healthy balance sheets to find the top Dividend Stocks.
Our criteria to find Top Dividend Companies
High Yield
- Companies with a high dividend yield are more attractive due to the higher expected income for each dollar invested.
- Yields vary between markets, so we focus on the top dividend payers in each market.
What do we look for?
- Is the yield in the top 25% of the market's dividend payers.
Consistent Dividends
- Companies with a strong track record of paying a consistent and growing dividend are the most attractive.
- If the dividend has been cut substantially in the past, then it's difficult to be confident about future payments.
What do we look for?
- Has the dividend been stable over the last 10 years.
- Has the dividend grown over the last 10 years.
Dividend Cover
- Ideally the company doesn't pay out all of its earnings, neglecting future growth.
- If a company is unable to afford its dividend, then it will probably lead to a dividend cut and share price erosion.
What do we look for?
- Are dividends covered by earnings.
- Are dividends forecast to be covered by earnings in the future.
Healthy Balance Sheet
- Investors want to make sure the company is positioned to cover its debts. Repayments on debt typically take priority over shareholder return initiatives.
What do we look for?
- Does the company have a manageable level of debt.
- Is the company able to cover its interest repayments.
64 companies meet this criteria in the U.S. market
Simmons First National Corporation operates as the holding company for Simmons Bank that provides banking and other financial products and services to individuals and businesses.
Dividend Criteria
Stable Dividend
Earnings Coverage
Growing Dividend
Notable Dividend
High Dividend: SFNC's dividend (3.46%) is low compared to the top 25% of dividend payers in the US market (4.61%).
Future Dividend Coverage
Rewards
Trading at 55.6% below our estimate of its fair value
Earnings are forecast to grow 17.81% per year
Risks
Shareholders have been diluted in the past year
Significant insider selling over the past 3 months
Entravision Communications Corporation operates as an advertising, media, and technology solutions company worldwide.
Dividend Criteria
Stable Dividend
Earnings Coverage
Notable Dividend
High Dividend: EVC's dividend (2.41%) is low compared to the top 25% of dividend payers in the US market (4.61%).
Future Dividend Coverage
Growing Dividend
Rewards
Trading at 73.3% below our estimate of its fair value
Earnings are forecast to grow 36.89% per year
Risks
Profit margins (3.1%) are lower than last year (7.6%)
Large one-off items impacting financial results
Chord Energy Corporation operates as an independent exploration and production company.
Dividend Criteria
Earnings Coverage
Future Dividend Coverage
High Dividend: CHRD's dividend (12.23%) is in the top 25% of dividend payers in the US market (4.61%)
Notable Dividend
Growing Dividend
Stable Dividend
Rewards
Trading at 72.4% below our estimate of its fair value
Earnings are forecast to grow 30.57% per year
Risks
Shareholders have been substantially diluted in the past year
Profit margins (15.4%) are lower than last year (41.7%)
Calavo Growers, Inc. markets and distributes avocados, prepared avocados, and other perishable foods to retail grocery and foodservice customers, club stores, mass merchandisers, food distributors, and wholesale customers worldwide.
Dividend Criteria
Stable Dividend
Growing Dividend
Notable Dividend
High Dividend: CVGW's dividend (3.57%) is low compared to the top 25% of dividend payers in the US market (4.61%).
Future Dividend Coverage
Earnings Coverage
Rewards
Trading at 51.3% below our estimate of its fair value
Earnings are forecast to grow 113.62% per year
Risks
No risks detected for CVGW from our risks checks.
NewLake Capital Partners is a leading provider of real estate capital to state-licensed cannabis operators.
Dividend Criteria
Earnings Coverage
High Dividend: NLCP's dividend (11.21%) is in the top 25% of dividend payers in the US market (4.61%)
Notable Dividend
Future Dividend Coverage
Growing Dividend
Stable Dividend
Rewards
Trading at 91.8% below our estimate of its fair value
Earnings are forecast to grow 44.54% per year
Became profitable this year
Risks
No risks detected for NLCP from our risks checks.
NIKE, Inc., together with its subsidiaries, designs, develops, markets, and sells men's, women's, and kids athletic footwear, apparel, equipment, and accessories worldwide.
Dividend Criteria
Stable Dividend
Earnings Coverage
Growing Dividend
Future Dividend Coverage
Notable Dividend
High Dividend: NKE's dividend (1.28%) is low compared to the top 25% of dividend payers in the US market (4.61%).
Rewards
Trading at 33.2% below our estimate of its fair value
Earnings are forecast to grow 9.79% per year
Earnings have grown 14.6% per year over the past 5 years
Risks
No risks detected for NKE from our risks checks.
Univest Financial Corporation operates as the bank holding company for Univest Bank and Trust Co.
Dividend Criteria
Stable Dividend
Earnings Coverage
Growing Dividend
Notable Dividend
High Dividend: UVSP's dividend (3.55%) is low compared to the top 25% of dividend payers in the US market (4.61%).
Future Dividend Coverage
Rewards
Trading at 55.2% below our estimate of its fair value
Earnings are forecast to grow 15.74% per year
Risks
No risks detected for UVSP from our risks checks.
Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank of Michigan that provides commercial and retail banking services to small- to medium-sized businesses and individuals in the United States.
Dividend Criteria
Stable Dividend
Earnings Coverage
Growing Dividend
Notable Dividend
High Dividend: MBWM's dividend (4.33%) is low compared to the top 25% of dividend payers in the US market (4.61%).
Future Dividend Coverage
Rewards
Trading at 58.4% below our estimate of its fair value
Earnings are forecast to grow 19.18% per year
Risks
No risks detected for MBWM from our risks checks.