Top US Dividend Stocks For July 2024

Recent turbulence in major U.S. stock indexes, highlighted by significant declines in technology stocks and broader market selloffs, underscores a challenging investment landscape as we approach July 2024. In such volatile times, dividend stocks can offer investors potential stability and steady income streams, making them an appealing option for those looking to navigate uncertain markets.

Top 10 Dividend Stocks In The United States

Name	Dividend Yield	Dividend Rating
Interpublic Group of Companies (NYSE:IPG)	4.46%	★★★★★★
Columbia Banking System (NasdaqGS:COLB)	6.16%	★★★★★★
BCB Bancorp (NasdaqGM:BCBP)	5.32%	★★★★★★
Premier Financial (NasdaqGS:PFC)	5.01%	★★★★★★
Dillard's (NYSE:DDS)	5.18%	★★★★★★
Silvercrest Asset Management Group (NasdaqGM:SAMG)	4.52%	★★★★★★
OceanFirst Financial (NasdaqGS:OCFC)	4.50%	★★★★★★
CompX International (NYSEAM:CIX)	4.87%	★★★★★★
OTC Markets Group (OTCPK:OTCM)	4.54%	★★★★★★
PACCAR (NasdaqGS:PCAR)	4.45%	★★★★★☆

Click here to see the full list of 182 stocks from our Top US Dividend Stocks screener.

Let's review some notable picks from our screened stocks.

CB Financial Services (NasdaqGM:CBFV)

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

Overview: CB Financial Services, Inc., serving as the bank holding company for Community Bank, offers a range of banking products and services to individuals and businesses in southwestern Pennsylvania, West Virginia, and Ohio, with a market cap of approximately $121.97 million.

Operations: CB Financial Services, Inc. generates revenue primarily through its Community Bank segment, which contributed $40.41 million, and its corporate operations, contributing $4.55 million.

Dividend Yield: 4.1%

CB Financial Services has maintained a stable and reliable dividend over the past decade, currently offering a 4.15% yield, slightly below the top quartile of US dividend payers. The dividends are well-supported with a low payout ratio of 22.7%, ensuring sustainability despite earnings forecasted to decline by an average of 41.3% annually over the next three years. Recent activities include affirming quarterly dividends and initiating a share repurchase program, underscoring confidence in ongoing shareholder returns despite recent operational challenges like minor net charge-offs and index drops.

• Unlock comprehensive insights into our analysis of CB Financial Services stock in this dividend report.
• In light of our recent valuation report, it seems possible that CB Financial Services is trading behind its estimated value.

Ohio Valley Banc (NasdaqGM:OVBC)

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

Overview: Ohio Valley Banc Corp., with a market cap of approximately $110.25 million, serves as the bank holding company for The Ohio Valley Bank Company, offering a range of commercial and consumer banking products and services.

Operations: Ohio Valley Banc Corp. generates revenue through its segments, with $52.42 million from banking and $3.28 million from consumer finance.

Dividend Yield: 3.8%

Ohio Valley Banc Corp. recently confirmed a dividend of US$0.22 per share, maintaining its decade-long record of reliable payouts with a current yield of 3.83%. Despite trading 56.3% below estimated fair value and offering dividends well-covered by earnings with a low payout ratio of 36.5%, it faces challenges such as exclusion from several Russell indexes and declining quarterly earnings from US$3.91 million to US$2.79 million, reflecting potential operational headwinds ahead.

• Navigate through the intricacies of Ohio Valley Banc with our comprehensive dividend report here.
• The analysis detailed in our Ohio Valley Banc valuation report hints at an deflated share price compared to its estimated value.

Village Super Market (NasdaqGS:VLGE.A)

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

Overview: Village Super Market, Inc. operates a chain of supermarkets in the United States and has a market capitalization of approximately $423.10 million.

Operations: Village Super Market, Inc. generates $2.21 billion from the retail sale of food and nonfood products.

Dividend Yield: 3.4%

Village Super Market maintains a consistent dividend yield of 3.4%, though it has not increased in the past decade and falls below the top quartile of US dividend payers at 4.4%. The dividends are sustainably covered by earnings with a payout ratio of 29.6% and cash flows at 50.1%. Recently, the company mourned the loss of Chairman William P. Sumas, with CEO Robert Sumas stepping in as interim chairman, potentially signaling leadership stability during this transition period.

• Take a closer look at Village Super Market's potential here in our dividend report.
• Our valuation report here indicates Village Super Market may be undervalued.

Turning Ideas Into Actions

• Take a closer look at our Top US Dividend Stocks list of 182 companies by clicking here.
• Shareholder in one or more of these companies? Ensure you're never caught off-guard by adding your portfolio in Simply Wall St for timely alerts on significant stock developments.
• Maximize your investment potential with Simply Wall St, the comprehensive app that offers global market insights for free.

Ready To Venture Into Other Investment Styles?

• 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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