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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%).
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
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%).
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%)
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%).
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
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%).
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.
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
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.
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%).
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
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%).
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.
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%).
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%)