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Top U.S. Dividend Stocks
UPDATED Aug 06, 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.
58 companies meet this criteria in the U.S. market
TriCo Bancshares operates as a bank holding company for Tri Counties Bank that provides commercial banking services to individual and corporate customers.
Dividend Criteria
Stable Dividend
Earnings Coverage
Growing Dividend
Future Dividend Coverage
Notable Dividend
High Dividend: TCBK's dividend (2.17%) is low compared to the top 25% of dividend payers in the US market (4.09%).
Rewards
Trading at 57% below our estimate of its fair value
Earnings are forecast to grow 15.41% per year
Earnings have grown 17.7% per year over the past 5 years
Risks
Shareholders have been diluted in the past year
Significant insider selling over the past 3 months
Isabella Bank Corporation operates as the bank holding company for Isabella Bank that provides various banking products and services to businesses, institutions, and individuals and their families.
Dividend Criteria
Stable Dividend
Earnings Coverage
Growing Dividend
High Dividend: ISBA's dividend (4.64%) is in the top 25% of dividend payers in the US market (4.09%)
Notable Dividend
Future Dividend Coverage
Rewards
Trading at 28.2% below our estimate of its fair value
Earnings are forecast to grow 15.35% per year
Earnings grew by 42.9% over the past year
Risks
No risks detected for ISBA from our risks checks.
Cincinnati Financial Corporation, together with its subsidiaries, provides property casualty insurance products in the United States.
Dividend Criteria
Stable Dividend
Earnings Coverage
Growing Dividend
Future Dividend Coverage
Notable Dividend
High Dividend: CINF's dividend (2.84%) is low compared to the top 25% of dividend payers in the US market (4.09%).
Rewards
Trading at 50.1% below our estimate of its fair value
Earnings are forecast to grow 96.29% per year
Risks
Profit margins (7.6%) are lower than last year (30.2%)
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 (2.5%) is low compared to the top 25% of dividend payers in the US market (4.09%).
Rewards
Trading at 69.5% below our estimate of its fair value
Earnings are forecast to grow 24.08% per year
Earnings grew by 60.8% over the past year
Risks
No risks detected for MYE from our risks checks.
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 (2.58%) is low compared to the top 25% of dividend payers in the US market (4.09%).
Rewards
Trading at 68.4% below our estimate of its fair value
Earnings are forecast to grow 34.81% per year
Risks
Profit margins (6.4%) are lower than last year (11.8%)
Webster Financial Corporation operates as the bank holding company for Webster Bank, National Association that provides a range of banking, investment, and financial services to individuals, families, and businesses in the United States.
Dividend Criteria
Stable Dividend
Earnings Coverage
Growing Dividend
Future Dividend Coverage
Notable Dividend
High Dividend: WBS's dividend (3.43%) is low compared to the top 25% of dividend payers in the US market (4.09%).
Rewards
Trading at 62% below our estimate of its fair value
Earnings are forecast to grow 44.6% per year
Earnings grew by 11.4% over the past year
Risks
Shareholders have been substantially diluted in the past year
Significant insider selling over the past 3 months
Assurant, Inc., together with its subsidiaries, provides lifestyle and housing solutions that support, protect, and connect consumer purchases in North America, Latin America, Europe, and the Asia Pacific.
Dividend Criteria
Stable Dividend
Earnings Coverage
Growing Dividend
Future Dividend Coverage
Notable Dividend
High Dividend: AIZ's dividend (1.75%) is low compared to the top 25% of dividend payers in the US market (4.09%).
Rewards
Trading at 50.6% below our estimate of its fair value
Earnings are forecast to grow 22.6% per year
Risks
No risks detected for AIZ 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 (4.57%) is in the top 25% of dividend payers in the US market (4.09%)
Notable Dividend
Future Dividend Coverage
Rewards
Trading at 75.1% below our estimate of its fair value
Earnings are forecast to grow 35.13% per year
Earnings have grown 18.8% per year over the past 5 years
Risks
Shareholders have been diluted in the past year