Top US Dividend Stocks To Consider In November 2024

As the U.S. stock market rebounds from a pre-Thanksgiving dip, major indices like the Dow Jones Industrial Average and S&P 500 are on track to close November with notable gains, buoyed by a post-election rally. In this environment of rising equities, dividend stocks can offer investors an appealing combination of income potential and stability amidst fluctuating market conditions.

Top 10 Dividend Stocks In The United States

Name	Dividend Yield	Dividend Rating
Peoples Bancorp (NasdaqGS:PEBO)	4.54%	★★★★★★
Interpublic Group of Companies (NYSE:IPG)	4.33%	★★★★★★
Columbia Banking System (NasdaqGS:COLB)	4.55%	★★★★★★
Isabella Bank (OTCPK:ISBA)	4.50%	★★★★★★
Dillard's (NYSE:DDS)	4.69%	★★★★★★
Financial Institutions (NasdaqGS:FISI)	4.46%	★★★★★★
Farmers National Banc (NasdaqCM:FMNB)	4.33%	★★★★★★
Citizens & Northern (NasdaqCM:CZNC)	5.56%	★★★★★★
First Interstate BancSystem (NasdaqGS:FIBK)	5.32%	★★★★★★
Premier Financial (NasdaqGS:PFC)	4.45%	★★★★★★

Click here to see the full list of 136 stocks from our Top US Dividend Stocks screener.

Here we highlight a subset of our preferred stocks from the screener.

Burke & Herbert Financial Services (NasdaqCM:BHRB)

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

Overview: Burke & Herbert Financial Services Corp. is the bank holding company for Burke & Herbert Bank & Trust Company, offering a range of community banking products and services in Virginia and Maryland, with a market cap of approximately $1.03 billion.

Operations: The company's revenue primarily comes from its Community Banking segment, which generated $181.38 million.

Dividend Yield: 3.2%

Burke & Herbert Financial Services has a history of stable dividend payments over the past decade, recently increasing its quarterly dividend by 3.8% to $0.55 per share. However, the current payout ratio is high at 109.4%, indicating dividends are not well covered by earnings, although future coverage is expected to improve with a forecasted payout ratio of 28.7% in three years. Recent earnings growth and index inclusion may bolster investor confidence despite dilution concerns and fluctuating profit margins.

• Click here and access our complete dividend analysis report to understand the dynamics of Burke & Herbert Financial Services.
• Insights from our recent valuation report point to the potential overvaluation of Burke & Herbert Financial Services shares in the market.

Home Federal Bancorp of Louisiana (NasdaqCM:HFBL)

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

Overview: Home Federal Bancorp, Inc. of Louisiana is the holding company for Home Federal Bank, offering a range of financial services to individuals and businesses in Louisiana, with a market cap of $147.86 million.

Operations: Home Federal Bancorp of Louisiana generates revenue from its Thrift/Savings and Loan Institutions segment, amounting to $19.73 million.

Dividend Yield: 4.2%

Home Federal Bancorp of Louisiana has maintained stable and reliable dividend payments over the past decade, with a current yield of 4.21% and a low payout ratio of 46.5%, indicating dividends are well-covered by earnings. Recent share buybacks, totaling 1.69% for US$0.61 million, suggest confidence in future performance despite recent declines in net income and interest income compared to last year’s figures.

• Navigate through the intricacies of Home Federal Bancorp of Louisiana with our comprehensive dividend report here.
• Upon reviewing our latest valuation report, Home Federal Bancorp of Louisiana's share price might be too optimistic.

Provident Financial Holdings (NasdaqGS:PROV)

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

Overview: Provident Financial Holdings, Inc. is the holding company for Provident Savings Bank, F.S.B., with a market capitalization of approximately $107.87 million.

Operations: Provident Financial Holdings, Inc. generates its revenue primarily through its Banking segment, which accounts for $39.79 million.

Dividend Yield: 3.5%

Provident Financial Holdings has a stable dividend history, with consistent growth over the past decade. The recent quarterly dividend of US$0.14 per share reflects this reliability, although its yield of 3.51% is below top-tier levels in the US market. The payout ratio stands at a reasonable 51.6%, indicating dividends are covered by earnings. Recent buybacks totaling 3.69% for US$3.41 million suggest management confidence despite slight declines in net interest income year-over-year.

• Delve into the full analysis dividend report here for a deeper understanding of Provident Financial Holdings.
• Our valuation report here indicates Provident Financial Holdings may be overvalued.

Turning Ideas Into Actions

• Get an in-depth perspective on all 136 Top US Dividend Stocks by using our screener here.
• Already own these companies? Bring clarity to your investment decisions by linking up your portfolio with Simply Wall St, where you can monitor all the vital signs of your stocks effortlessly.
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Looking For Alternative Opportunities?

• 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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