Top US Dividend Stocks To Watch In October 2024

As the U.S. stock market experiences volatility, with major indexes like the Nasdaq Composite and S&P 500 facing declines due to tech sector fluctuations, investors are seeking stability amidst uncertainty. In such an environment, dividend stocks can offer a measure of steadiness by providing regular income streams, making them an attractive option for those looking to navigate current market conditions.

Top 10 Dividend Stocks In The United States

Name	Dividend Yield	Dividend Rating
WesBanco (NasdaqGS:WSBC)	4.57%	★★★★★★
Isabella Bank (OTCPK:ISBA)	5.17%	★★★★★★
Peoples Bancorp (NasdaqGS:PEBO)	5.08%	★★★★★★
Dillard's (NYSE:DDS)	5.57%	★★★★★★
Columbia Banking System (NasdaqGS:COLB)	4.94%	★★★★★★
Silvercrest Asset Management Group (NasdaqGM:SAMG)	4.55%	★★★★★★
Financial Institutions (NasdaqGS:FISI)	4.90%	★★★★★★
Premier Financial (NasdaqGS:PFC)	5.00%	★★★★★★
First Interstate BancSystem (NasdaqGS:FIBK)	5.95%	★★★★★★
Citizens & Northern (NasdaqCM:CZNC)	5.87%	★★★★★★

Click here to see the full list of 167 stocks from our Top US Dividend Stocks screener.

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

Fulton Financial (NasdaqGS:FULT)

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

Overview: Fulton Financial Corporation is a financial holding company offering consumer and commercial banking products and services across Pennsylvania, Delaware, Maryland, New Jersey, and Virginia with a market cap of approximately $3.27 billion.

Operations: Fulton Financial Corporation's revenue is primarily derived from its banking segment, which generated approximately $1.12 billion.

Dividend Yield: 3.7%

Fulton Financial offers a reliable dividend history with stable payments over the past decade and a current payout ratio of 42.4%, indicating dividends are well covered by earnings. Despite recent management changes and increased net loan charge-offs, the company declared a quarterly dividend of US$0.17 per share, paid on October 15, 2024. While its 3.7% yield is below the top quartile in the U.S., its dividends remain sustainable, supported by consistent earnings growth forecasts.

• Click to explore a detailed breakdown of our findings in Fulton Financial's dividend report.
• Insights from our recent valuation report point to the potential undervaluation of Fulton Financial shares in the market.

Artisan Partners Asset Management (NYSE:APAM)

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

Overview: Artisan Partners Asset Management Inc. is a publicly owned investment manager with a market cap of approximately $3.50 billion.

Operations: Artisan Partners Asset Management Inc. generates its revenue primarily through investment management fees earned from managing client assets across various investment strategies and portfolios.

Dividend Yield: 6.6%

Artisan Partners Asset Management's dividend yield of 6.62% ranks in the top 25% among U.S. dividend payers, though its history shows volatility with past annual drops over 20%. Despite this, dividends are well-covered by earnings and cash flows, with a low payout ratio of 18.7%. Recent earnings growth of 22.1% and revenue increase to US$279.6 million for Q3 suggest strong financial performance, but large one-off items have impacted results.

• Delve into the full analysis dividend report here for a deeper understanding of Artisan Partners Asset Management.
• The analysis detailed in our Artisan Partners Asset Management valuation report hints at an deflated share price compared to its estimated value.

Atlantic Union Bankshares (NYSE:AUB)

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

Overview: Atlantic Union Bankshares Corporation is a bank holding company for Atlantic Union Bank, offering a range of banking and financial services to consumers and businesses in the United States, with a market cap of approximately $3.80 billion.

Operations: Atlantic Union Bankshares Corporation generates its revenue through providing a variety of banking and financial services to both individual consumers and business clients across the United States.

Dividend Yield: 3.5%

Atlantic Union Bankshares offers a stable dividend history with consistent growth over the past decade. Recently, the company increased its quarterly dividend to $0.34 per share, reflecting a 6% rise from the previous quarter. Despite trading below estimated fair value, recent equity offerings have diluted shareholder value. The current payout ratio of 53.7% suggests dividends are well-covered by earnings and expected to improve further in three years with a forecasted payout ratio of 35.9%.

• Click here to discover the nuances of Atlantic Union Bankshares with our detailed analytical dividend report.
• Our valuation report unveils the possibility Atlantic Union Bankshares' shares may be trading at a discount.

Key Takeaways

• Access the full spectrum of 167 Top US Dividend Stocks by clicking on this link.
• Invested in any of these stocks? Simplify your portfolio management with Simply Wall St and stay ahead with our alerts for any critical updates on your stocks.
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Interested In Other Possibilities?

• 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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