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Top U.S. Dividend Stocks
UPDATED Jun 28, 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.
52 companies meet this criteria in the U.S. market
National Bank Holdings Corporation operates as the bank holding company for NBH Bank that provides various banking products and financial services to commercial, business, and consumer clients in the United States.
Dividend Criteria
Stable Dividend
Earnings Coverage
Growing Dividend
Future Dividend Coverage
Notable Dividend
High Dividend: NBHC's dividend (2.35%) is low compared to the top 25% of dividend payers in the US market (4.25%).
Rewards
Trading at 50.8% below our estimate of its fair value
Earnings are forecast to grow 38.37% per year
Risks
No risks detected for NBHC from our risks checks.
AZZ Inc. offers galvanizing and metal coating solutions, welding solutions, specialty electrical equipment, and engineered services to the power generation, transmission, distribution, refining, and industrial markets in the United States and internationally.
Dividend Criteria
Stable Dividend
Earnings Coverage
Growing Dividend
Future Dividend Coverage
Notable Dividend
High Dividend: AZZ's dividend (1.7%) is low compared to the top 25% of dividend payers in the US market (4.25%).
Rewards
Trading at 84.1% below our estimate of its fair value
Earnings are forecast to grow 4.86% per year
Earnings grew by 112.1% over the past year
Risks
No risks detected for AZZ from our risks checks.
The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada.
Dividend Criteria
Stable Dividend
Earnings Coverage
Growing Dividend
Future Dividend Coverage
Notable Dividend
High Dividend: ALL's dividend (2.71%) is low compared to the top 25% of dividend payers in the US market (4.25%).
Rewards
Trading at 52.5% below our estimate of its fair value
Earnings are forecast to grow 22.85% per year
Risks
Significant insider selling over the past 3 months
Profit margins (6.6%) are lower than last year (15.5%)
Everest Re 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: RE's dividend (2.35%) is low compared to the top 25% of dividend payers in the US market (4.25%).
Rewards
Trading at 64.4% below our estimate of its fair value
Earnings are forecast to grow 17.96% per year
Earnings grew by 58.9% over the past year
Risks
No risks detected for RE from our risks checks.
Myers Industries, Inc. engages in distribution of tire service supplies in Ohio.
Dividend Criteria
Stable Dividend
Earnings Coverage
Growing Dividend
Future Dividend Coverage
Notable Dividend
High Dividend: MYE's dividend (2.43%) is low compared to the top 25% of dividend payers in the US market (4.25%).
Rewards
Trading at 66.5% below our estimate of its fair value
Earnings are forecast to grow 25.44% per year
Earnings grew by 59.3% over the past year
Risks
No risks detected for MYE from our risks checks.
Farmers National Banc Corp., a financial holding company, operates in the banking, trust, retirement consulting, insurance, and financial management industries.
Dividend Criteria
Stable Dividend
Earnings Coverage
Growing Dividend
High Dividend: FMNB's dividend (4.26%) is in the top 25% of dividend payers in the US market (4.25%)
Notable Dividend
Future Dividend Coverage
Rewards
Trading at 73.8% below our estimate of its fair value
Earnings are forecast to grow 28.71% per year
Earnings have grown 19.4% per year over the past 5 years
Risks
Shareholders have been diluted in the past year
U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities and other financial institutions in the United States.
Dividend Criteria
Stable Dividend
Earnings Coverage
Growing Dividend
Future Dividend Coverage
Notable Dividend
High Dividend: USB's dividend (3.92%) is low compared to the top 25% of dividend payers in the US market (4.25%).
Rewards
Trading at 56% below our estimate of its fair value
Earnings are forecast to grow 14.3% per year
Earnings grew by 20.8% over the past year
Risks
No risks detected for USB from our risks checks.
SouthState Corporation operates as the bank holding company for SouthState Bank, National Association that provides a range of banking services and products to individuals and companies.
Dividend Criteria
Stable Dividend
Earnings Coverage
Growing Dividend
Future Dividend Coverage
Notable Dividend
High Dividend: SSB's dividend (2.49%) is low compared to the top 25% of dividend payers in the US market (4.25%).
Rewards
Trading at 36.4% below our estimate of its fair value
Earnings are forecast to grow 15.55% per year
Earnings grew by 76.2% over the past year
Risks
Shareholders have been diluted in the past year