Community Trust Bancorp And 2 Other Dividend Stocks For Reliable Income

Over the last 7 days, the United States market has risen by 1.7%, contributing to a 12% increase over the past year, with earnings projected to grow annually by 15% in the coming years. In this favorable environment, selecting dividend stocks like Community Trust Bancorp that offer reliable income can be a strategic choice for investors seeking stability and consistent returns amidst market growth.

Top 10 Dividend Stocks In The United States

Click here to see the full list of 150 stocks from our Top US Dividend Stocks screener.

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

Community Trust Bancorp (CTBI)

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

Overview: Community Trust Bancorp, Inc. operates as the bank holding company for Community Trust Bank, Inc., with a market capitalization of approximately $948.47 million.

Operations: Community Trust Bancorp, Inc.'s revenue primarily comes from Community Banking Services, which generated $249.26 million, along with contributions from the Holding Company at $88.77 million.

Dividend Yield: 3.6%

Community Trust Bancorp offers a reliable dividend yield of 3.61%, though it is below the top 25% of US dividend payers. Its dividends have been stable and growing over the past decade, supported by a low payout ratio of 39%. Recent earnings growth and strong net interest income highlight financial health, but there's insufficient data on future dividend sustainability. A recent board change saw Eugenia Crittenden Luallen appointed as Chairman of the Audit Committee.

• Take a closer look at Community Trust Bancorp's potential here in our dividend report.
• The analysis detailed in our Community Trust Bancorp valuation report hints at an deflated share price compared to its estimated value.

Independent Bank (IBCP)

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

Overview: Independent Bank Corporation, with a market cap of $653.33 million, operates as the bank holding company for Independent Bank, offering various banking services across the United States.

Operations: Independent Bank Corporation generates revenue primarily through its banking services segment, with Independent Bank contributing $222.72 million.

Dividend Yield: 3.3%

Independent Bank Corporation's dividend yield of 3.3% is reliable and stable over the past decade, though lower than top-tier US payers. The company's payout ratio of 30.9% indicates dividends are well-covered by earnings, despite recent insider selling. Trading significantly below estimated fair value suggests good relative value compared to peers. Recent results show net interest income growth, but slight declines in net income and earnings per share; a share buyback program was also completed recently for $7.23 million.

• Click to explore a detailed breakdown of our findings in Independent Bank's dividend report.
• The valuation report we've compiled suggests that Independent Bank's current price could be quite moderate.

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 $1.26 billion.

Operations: Westamerica Bancorporation generates revenue primarily through its banking segment, which accounted for $284.57 million.

Dividend Yield: 3.7%

Westamerica Bancorporation's dividend yield of 3.68% is reliable and stable over the past decade, though below top-tier US payers. With a payout ratio of 35.2%, dividends are well-covered by earnings despite recent declines in net interest income and net income for Q1 2025. The company recently increased its quarterly dividend to $0.46 per share and completed a share buyback for $17.96 million, trading significantly below estimated fair value, suggesting potential relative value benefits.

• Get an in-depth perspective on Westamerica Bancorporation's performance by reading our dividend report here.
• Upon reviewing our latest valuation report, Westamerica Bancorporation's share price might be too pessimistic.

Where To Now?

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Curious About Other Options?

• 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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