Top U.S. Dividend Stocks

Top U.S. Dividend Stocks

UPDATED Oct 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.

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

Umpqua Holdings Corporation operates as the holding company of Umpqua Bank that provides commercial and retail banking services.

Dividend Criteria

  • Stable Dividend

  • Earnings Coverage

  • Growing Dividend

  • Future Dividend Coverage

  • High Dividend: UMPQ's dividend (4.73%) is in the top 25% of dividend payers in the US market (4.54%)

  • Notable Dividend

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Rewards

  • Trading at 72.7% below our estimate of its fair value

  • Earnings are forecast to grow 37.13% per year

Risks

No risks detected for UMPQ from our risks checks.

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Provident Financial Services, Inc. operates as the bank holding company for Provident Bank that provides various banking products and services to individuals, families, and businesses in the United States.

Dividend Criteria

  • Stable Dividend

  • Earnings Coverage

  • Growing Dividend

  • Future Dividend Coverage

  • High Dividend: PFS's dividend (4.8%) is in the top 25% of dividend payers in the US market (4.54%)

  • Notable Dividend

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Rewards

  • Trading at 51.3% below our estimate of its fair value

  • Earnings are forecast to grow 38.26% per year

Risks

  • Significant insider selling over the past 3 months

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Lakeland Bancorp, Inc. operates as the bank holding company for Lakeland Bank that offers various banking products and services for individuals and small to medium sized businesses.

Dividend Criteria

  • Stable Dividend

  • Earnings Coverage

  • Growing Dividend

  • Future Dividend Coverage

  • Notable Dividend

  • High Dividend: LBAI's dividend (3.52%) is low compared to the top 25% of dividend payers in the US market (4.54%).

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Rewards

  • Trading at 60.5% below our estimate of its fair value

  • Earnings are forecast to grow 17.41% per year

  • Earnings have grown 11.2% per year over the past 5 years

Risks

  • Shareholders have been diluted in the past year

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Eagle Bancorp Montana, Inc. operates as the bank holding company for Opportunity Bank of Montana that provides various retail banking products and services to small businesses and individuals in Montana.

Dividend Criteria

  • Stable Dividend

  • Earnings Coverage

  • Growing Dividend

  • Future Dividend Coverage

  • Notable Dividend

  • High Dividend: EBMT's dividend (2.96%) is low compared to the top 25% of dividend payers in the US market (4.54%).

See Full Stock Report

Rewards

  • Trading at 62.5% below our estimate of its fair value

  • Earnings are forecast to grow 38.47% per year

Risks

  • Shareholders have been diluted in the past year

  • Significant insider selling over the past 3 months

  • Profit margins (11.8%) are lower than last year (20.5%)

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Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide.

Dividend Criteria

  • Stable Dividend

  • Earnings Coverage

  • Growing Dividend

  • Future Dividend Coverage

  • Notable Dividend

  • High Dividend: PH's dividend (2.04%) is low compared to the top 25% of dividend payers in the US market (4.54%).

See Full Stock Report

Rewards

  • Trading at 59% below our estimate of its fair value

  • Earnings are forecast to grow 17.23% per year

Risks

  • Significant insider selling over the past 3 months

  • Profit margins (8.3%) are lower than last year (12.2%)

  • Large one-off items impacting financial results

  • Has a high level of debt

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Employers Holdings, Inc., through its subsidiaries, operates in the commercial property and casualty insurance industry primarily in the United States.

Dividend Criteria

  • Stable Dividend

  • Earnings Coverage

  • Growing Dividend

  • Notable Dividend

  • High Dividend: EIG's dividend (3.13%) is low compared to the top 25% of dividend payers in the US market (4.54%).

  • Future Dividend Coverage

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Rewards

  • Trading at 65.6% below our estimate of its fair value

  • Earnings are forecast to grow 41.74% per year

Risks

  • Profit margins (7.9%) are lower than last year (20.4%)

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MVB Financial Corp., through its subsidiaries, provides financial services to individuals and corporate clients in the Mid-Atlantic region and internationally.

Dividend Criteria

  • Stable Dividend

  • Earnings Coverage

  • Growing Dividend

  • Future Dividend Coverage

  • Notable Dividend

  • High Dividend: MVBF's dividend (2.49%) is low compared to the top 25% of dividend payers in the US market (4.54%).

See Full Stock Report

Rewards

  • Trading at 52.1% below our estimate of its fair value

  • Earnings are forecast to grow 53.44% per year

Risks

  • Shareholders have been diluted in the past year

  • Profit margins (20.1%) are lower than last year (29.2%)

  • Large one-off items impacting financial results

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The Hanover Insurance Group, Inc., through its subsidiaries, provides various property and casualty insurance products and services in the United States.

Dividend Criteria

  • Stable Dividend

  • Earnings Coverage

  • Growing Dividend

  • Future Dividend Coverage

  • Notable Dividend

  • High Dividend: THG's dividend (2.23%) is low compared to the top 25% of dividend payers in the US market (4.54%).

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Rewards

  • Trading at 53% below our estimate of its fair value

  • Earnings are forecast to grow 20.68% per year

Risks

  • Significant insider selling over the past 3 months

  • Profit margins (6.2%) are lower than last year (9.9%)

View all Risks and Rewards
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