3 High-Quality Dividend Stocks Yielding 3.6%

As the U.S. stock market shows signs of resilience with major indices inching toward record highs, investors are keenly observing key earnings reports and Federal Reserve developments. In this environment, dividend stocks yielding 3.6% can offer a blend of income and stability, making them an attractive option for those seeking reliable returns amidst market fluctuations.

Top 10 Dividend Stocks In The United States

Click here to see the full list of 123 stocks from our Top US Dividend Stocks screener.

Let's explore several standout options from the results in the screener.

Bank OZK (OZK)

Simply Wall St Dividend Rating: ★★★★★☆

Overview: Bank OZK is a full-service Arkansas state-chartered bank offering retail and commercial banking services across the United States, with a market capitalization of $5.87 billion.

Operations: Bank OZK generates revenue primarily from its Community Banking segment, amounting to $1.51 billion.

Dividend Yield: 3.4%

Bank OZK recently increased its quarterly common stock dividend to US$0.44 per share, reflecting a steady growth in dividends over the past decade. The bank's dividends are well-covered by earnings, with a payout ratio of 26.8%, indicating sustainability. Despite trading at a significant discount to its estimated fair value, Bank OZK offers a dividend yield of 3.38%, which is lower than top-tier US dividend payers but remains reliable and stable over time.

• Click here and access our complete dividend analysis report to understand the dynamics of Bank OZK.
• Our valuation report here indicates Bank OZK may be undervalued.

Preferred Bank (PFBC)

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Preferred Bank offers a range of banking products and services catering to small and mid-sized businesses, entrepreneurs, real estate developers, professionals, and high net worth individuals, with a market cap of approximately $1.16 billion.

Operations: Preferred Bank's revenue primarily stems from its Commercial Bank segment, generating $267.98 million.

Dividend Yield: 3.2%

Preferred Bank declared a quarterly dividend of US$0.75 per share, maintaining stability and growth over the past decade. With a payout ratio of 30.5%, dividends are well-covered by earnings, ensuring reliability despite recent insider selling and forecasted earnings decline. Trading at 58.7% below estimated fair value, its dividend yield of 3.18% is lower than top-tier payers but remains attractive for investors seeking consistent returns amidst stable financial performance in recent quarters.

• Take a closer look at Preferred Bank's potential here in our dividend report.
• Upon reviewing our latest valuation report, Preferred Bank's share price might be too pessimistic.

Westamerica Bancorporation (WABC)

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Westamerica Bancorporation is a bank holding company for Westamerica Bank, offering a range of banking products and services to individual and commercial customers in the United States, with a market cap of approximately $1.27 billion.

Operations: Westamerica Bancorporation generates its revenue primarily from its banking segment, which amounts to $274.79 million.

Dividend Yield: 3.7%

Westamerica Bancorporation declared a quarterly dividend of US$0.46 per share, demonstrating stability with growth over the past decade. The payout ratio of 37.2% indicates dividends are well-covered by earnings, ensuring reliability despite a decline in recent earnings and net interest income. Trading at 57.4% below estimated fair value, its dividend yield of 3.67% is lower than top-tier payers but remains appealing for those valuing consistent returns amidst stable financial performance historically.

• Get an in-depth perspective on Westamerica Bancorporation's performance by reading our dividend report here.
• Our valuation report unveils the possibility Westamerica Bancorporation's shares may be trading at a discount.

Where To Now?

• Click here to access our complete index of 123 Top US Dividend Stocks.
• Are any of these part of your asset mix? Tap into the analytical power of Simply Wall St's portfolio to get a 360-degree view on how they're shaping up.
• Elevate your portfolio with Simply Wall St, the ultimate app for investors seeking global market coverage.

Contemplating Other Strategies?

• Explore high-performing small cap companies that haven't yet garnered significant analyst attention.
• Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management.
• Find companies with promising cash flow potential yet trading below their fair value.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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