Top U.S. Dividend Stocks

Top U.S. Dividend Stocks

UPDATED Dec 08, 2023

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.

38 companies meet this criteria in the U.S. market

Everest Group, Ltd., through its subsidiaries, provides reinsurance and insurance products in the United States, Bermuda, and internationally.

Dividend Criteria

  • Stable Dividend

  • Earnings Coverage

  • Growing Dividend

  • Future Dividend Coverage

  • Notable Dividend

  • High Dividend: EG's dividend (1.82%) is low compared to the top 25% of dividend payers in the US market (4.8%).

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Rewards

  • Trading at 75.3% below our estimate of its fair value

  • Earnings are forecast to grow 14.33% per year

  • Earnings grew by 315.6% over the past year

Risks

  • Shareholders have been diluted in the past year

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Silvercrest Asset Management Group Inc., a wealth management firm, provides financial advisory and related family office services in the United States.

Dividend Criteria

  • Stable Dividend

  • Earnings Coverage

  • Growing Dividend

  • Future Dividend Coverage

  • Notable Dividend

  • High Dividend: SAMG's dividend (4.7%) is low compared to the top 25% of dividend payers in the US market (4.8%).

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Rewards

  • Trading at 34.6% below our estimate of its fair value

  • Earnings are forecast to grow 17.98% per year

Risks

  • Profit margins (9.9%) are lower than last year (17%)

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HCI Group, Inc., together with its subsidiaries, engages in the property and casualty insurance, reinsurance, real estate, and information technology businesses in Florida.

Dividend Criteria

  • Stable Dividend

  • Earnings Coverage

  • Growing Dividend

  • Future Dividend Coverage

  • Notable Dividend

  • High Dividend: HCI's dividend (1.81%) is low compared to the top 25% of dividend payers in the US market (4.8%).

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Rewards

  • Trading at 56.2% below our estimate of its fair value

  • Earnings are forecast to grow 10.48% per year

  • Became profitable this year

Risks

  • Shareholders have been diluted in the past year

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Amdocs Limited, through its subsidiaries, provides software and services worldwide.

Dividend Criteria

  • Stable Dividend

  • Earnings Coverage

  • Growing Dividend

  • Future Dividend Coverage

  • Notable Dividend

  • High Dividend: DOX's dividend (2.03%) is low compared to the top 25% of dividend payers in the US market (4.8%).

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Rewards

  • Trading at 46.3% below our estimate of its fair value

  • Earnings are forecast to grow 16.29% per year

Risks

No risks detected for DOX from our risks checks.

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The Shyft Group, Inc. manufactures and assembles specialty vehicles for the commercial vehicle and recreational vehicle industries in the United States and internationally.

Dividend Criteria

  • Stable Dividend

  • Earnings Coverage

  • Growing Dividend

  • Notable Dividend

  • High Dividend: SHYF's dividend (1.72%) is low compared to the top 25% of dividend payers in the US market (4.8%).

  • Future Dividend Coverage

See Full Stock Report

Rewards

  • Trading at 28% below our estimate of its fair value

  • Earnings are forecast to grow 36.36% per year

Risks

No risks detected for SHYF from our risks checks.

View all Risks and Rewards

SpartanNash Company distributes and retails grocery products.

Dividend Criteria

  • Stable Dividend

  • Earnings Coverage

  • Growing Dividend

  • Future Dividend Coverage

  • Notable Dividend

  • High Dividend: SPTN's dividend (3.75%) is low compared to the top 25% of dividend payers in the US market (4.8%).

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Rewards

  • Trading at 50.5% below our estimate of its fair value

  • Earnings are forecast to grow 24.65% per year

Risks

  • Interest payments are not well covered by earnings

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Atlantic Union Bankshares Corporation operates as the bank holding company for Atlantic Union Bank that provides banking and related financial products and services to consumers and businesses in the United States.

Dividend Criteria

  • Stable Dividend

  • Earnings Coverage

  • Growing Dividend

  • Future Dividend Coverage

  • Notable Dividend

  • High Dividend: AUB's dividend (3.78%) is low compared to the top 25% of dividend payers in the US market (4.8%).

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Rewards

  • Trading at 41% below our estimate of its fair value

  • Earnings are forecast to grow 21.05% per year

  • Earnings grew by 1.8% over the past year

Risks

No risks detected for AUB from our risks checks.

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The Travelers Companies, Inc., through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally.

Dividend Criteria

  • Stable Dividend

  • Earnings Coverage

  • Growing Dividend

  • Future Dividend Coverage

  • Notable Dividend

  • High Dividend: TRV's dividend (2.21%) is low compared to the top 25% of dividend payers in the US market (4.8%).

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Rewards

  • Trading at 44.4% below our estimate of its fair value

  • Earnings are forecast to grow 22.61% per year

Risks

  • Profit margins (5.4%) are lower than last year (9.2%)

View all Risks and Rewards
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