Top US Dividend Stocks To Consider In October 2024

As U.S. stock markets experience volatility with rising oil prices and Treasury yields, investors are closely monitoring economic indicators for signs of stability. In such uncertain times, dividend stocks can offer a reliable income stream, making them an attractive option for those looking to balance risk and reward in their portfolios.

Top 10 Dividend Stocks In The United States

Name	Dividend Yield	Dividend Rating
WesBanco (NasdaqGS:WSBC)	4.92%	★★★★★★
Columbia Banking System (NasdaqGS:COLB)	5.63%	★★★★★★
Peoples Bancorp (NasdaqGS:PEBO)	5.37%	★★★★★★
Northfield Bancorp (Staten Island NY) (NasdaqGS:NFBK)	4.67%	★★★★★★
Dillard's (NYSE:DDS)	5.68%	★★★★★★
Premier Financial (NasdaqGS:PFC)	5.39%	★★★★★★
Financial Institutions (NasdaqGS:FISI)	4.89%	★★★★★★
CVB Financial (NasdaqGS:CVBF)	4.46%	★★★★★★
Regions Financial (NYSE:RF)	4.38%	★★★★★★
Virtus Investment Partners (NYSE:VRTS)	4.38%	★★★★★★

Click here to see the full list of 180 stocks from our Top US Dividend Stocks screener.

Let's dive into some prime choices out of the screener.

Himax Technologies (NasdaqGS:HIMX)

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

Overview: Himax Technologies, Inc. is a fabless semiconductor company that offers display imaging processing technologies across various regions including China, Taiwan, and the United States, with a market cap of approximately $988.94 million.

Operations: Himax Technologies, Inc. generates its revenue from display imaging processing technologies across several international markets, including China, Taiwan, the Philippines, Korea, Japan, Europe, and the United States.

Dividend Yield: 4.9%

Himax Technologies offers a dividend yield of 4.93%, placing it in the top quartile of U.S. dividend payers, although its dividends have been volatile over the past decade and are not well covered by earnings due to a high payout ratio. However, the dividends are better supported by cash flows with a cash payout ratio of 35.4%. Trading at a price-to-earnings ratio of 13.4x, Himax appears to be valued attractively compared to peers and industry averages.

• Take a closer look at Himax Technologies' potential here in our dividend report.
• Our expertly prepared valuation report Himax Technologies implies its share price may be lower than expected.

Penns Woods Bancorp (NasdaqGS:PWOD)

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

Overview: Penns Woods Bancorp, Inc. is the bank holding company for Jersey Shore State Bank, offering commercial and retail banking services to individuals, partnerships, non-profit organizations, and corporations with a market cap of $184.73 million.

Operations: Penns Woods Bancorp generates revenue primarily through its community banking segment, which accounts for $64.82 million.

Dividend Yield: 5.3%

Penns Woods Bancorp offers an attractive dividend yield of 5.26%, placing it among the top 25% of U.S. dividend payers, with a stable and growing payout over the past decade. The company's recent inclusion in the S&P Global BMI Index highlights its market presence. Despite shareholder dilution last year, dividends remain well-covered by earnings, supported by a reasonable payout ratio of 55.4%. Recent earnings growth further solidifies its position as a reliable dividend stock choice.

• Click to explore a detailed breakdown of our findings in Penns Woods Bancorp's dividend report.
• The analysis detailed in our Penns Woods Bancorp valuation report hints at an deflated share price compared to its estimated value.

Zions Bancorporation National Association (NasdaqGS:ZION)

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

Overview: Zions Bancorporation, National Association offers a range of banking products and services across several Western U.S. states, with a market cap of approximately $7.01 billion.

Operations: Zions Bancorporation, National Association generates its revenue through several segments, including Zions First National Bank with $881 million, California Bank & Trust with $638 million, Amegy Corporation at $606 million, National Bank of Arizona contributing $284 million, Nevada State Bank at $205 million, Vectra Bank Colorado with $177 million, and The Commerce Bank of Washington providing $62 million.

Dividend Yield: 3.5%

Zions Bancorporation offers a reliable dividend yield of 3.46%, though below the top 25% in the U.S. market. Dividends have been stable and growing over the past decade, supported by a low payout ratio of 39.5%, ensuring coverage by earnings now and in three years (34.9%). Despite recent insider selling, Zions trades at good value compared to peers, with recent earnings growth bolstering its position as a dependable dividend stock.

• Unlock comprehensive insights into our analysis of Zions Bancorporation National Association stock in this dividend report.
• Our comprehensive valuation report raises the possibility that Zions Bancorporation National Association is priced lower than what may be justified by its financials.

Seize The Opportunity

• Investigate our full lineup of 180 Top US Dividend Stocks right here.
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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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