Top 3 US Dividend Stocks To Enhance Your Portfolio

In the wake of a benign CPI inflation reading, U.S. stocks have edged higher, with the Dow Jones Industrial Average and other major indices showing modest gains as investors anticipate potential Federal Reserve rate cuts. In this environment, dividend stocks can offer stability and income potential, making them an attractive option for enhancing your portfolio amidst market fluctuations.

Top 10 Dividend Stocks In The United States

Name	Dividend Yield	Dividend Rating
Peoples Bancorp (NasdaqGS:PEBO)	4.51%	★★★★★★
Isabella Bank (OTCPK:ISBA)	4.86%	★★★★★★
Interpublic Group of Companies (NYSE:IPG)	4.51%	★★★★★★
Columbia Banking System (NasdaqGS:COLB)	4.59%	★★★★★★
Dillard's (NYSE:DDS)	5.47%	★★★★★★
Financial Institutions (NasdaqGS:FISI)	4.37%	★★★★★★
OTC Markets Group (OTCPK:OTCM)	4.35%	★★★★★★
First Interstate BancSystem (NasdaqGS:FIBK)	5.57%	★★★★★★
Premier Financial (NasdaqGS:PFC)	4.36%	★★★★★★
Citizens & Northern (NasdaqCM:CZNC)	5.37%	★★★★★★

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

We're going to check out a few of the best picks from our screener tool.

Southside Bancshares (NasdaqGS:SBSI)

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

Overview: Southside Bancshares, Inc. is the bank holding company for Southside Bank, offering a variety of financial services to individuals, businesses, municipal entities, and nonprofit organizations with a market cap of approximately $1.12 billion.

Operations: Southside Bancshares, Inc. generates revenue primarily through its banking segment, which amounts to $244.62 million.

Dividend Yield: 4%

Southside Bancshares recently affirmed a quarterly dividend of US$0.36 per share, maintaining its stable and reliable dividend history over the past decade. Despite trading at a significant discount to estimated fair value, its 3.99% yield is below the top quartile of US dividend payers. The payout ratio stands at 51.5%, indicating dividends are well-covered by earnings and expected to remain sustainable in the future, with forecast coverage at 54.9%.

• Unlock comprehensive insights into our analysis of Southside Bancshares stock in this dividend report.
• According our valuation report, there's an indication that Southside Bancshares' share price might be on the cheaper side.

TrustCo Bank Corp NY (NasdaqGS:TRST)

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

Overview: TrustCo Bank Corp NY, with a market cap of $702.63 million, serves as the holding company for Trustco Bank, offering personal and business banking services to individuals and businesses.

Operations: TrustCo Bank Corp NY generates revenue from its Community Banking segment, amounting to $168.59 million.

Dividend Yield: 3.9%

TrustCo Bank Corp NY's dividend history is stable and reliable, with payments increasing over the past decade. Currently offering a 3.89% yield, its dividends are well-covered by earnings with a payout ratio of 57.8%. However, recent financial results show declining net interest income and net income compared to the previous year, which may impact future performance. Trading at 52% below estimated fair value suggests potential for price appreciation despite its yield being lower than top-tier payers.

• Dive into the specifics of TrustCo Bank Corp NY here with our thorough dividend report.
• According our valuation report, there's an indication that TrustCo Bank Corp NY's share price might be on the expensive side.

PNC Financial Services Group (NYSE:PNC)

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

Overview: The PNC Financial Services Group, Inc. is a diversified financial services company operating in the United States with a market capitalization of approximately $83.21 billion.

Operations: PNC Financial Services Group generates revenue through its Asset Management Group ($1.57 billion), Corporate & Institutional Banking ($9.58 billion), and Retail Banking including Residential Mortgage ($13.99 billion) segments.

Dividend Yield: 3%

PNC Financial Services Group offers a stable and reliable dividend, with payments growing over the past decade. The current yield of 3.03% is covered by earnings, reflected in a sustainable payout ratio of 52.9%. Despite trading at 32% below estimated fair value, recent financial results indicate slight declines in net interest income and net income year-over-year. A $1.5 billion fixed-income offering may support future financial stability amidst these challenges.

• Click to explore a detailed breakdown of our findings in PNC Financial Services Group's dividend report.
• Our expertly prepared valuation report PNC Financial Services Group implies its share price may be lower than expected.

Where To Now?

• Explore the 136 names from our Top US Dividend Stocks screener 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.
• Elevate your portfolio with Simply Wall St, the ultimate app for investors seeking global market coverage.

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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