US Dividend Stocks To Consider In December 2024

As the U.S. stock market experiences a promising Santa Claus Rally, with major indices like the Nasdaq Composite and S&P 500 posting gains, investors are keenly eyeing opportunities to bolster their portfolios before year-end. In this context, dividend stocks stand out as a compelling choice for those seeking steady income and potential capital appreciation amidst an optimistic market environment.

Top 10 Dividend Stocks In The United States

Name	Dividend Yield	Dividend Rating
Peoples Bancorp (NasdaqGS:PEBO)	4.93%	★★★★★★
Columbia Banking System (NasdaqGS:COLB)	5.22%	★★★★★★
Interpublic Group of Companies (NYSE:IPG)	4.66%	★★★★★★
OceanFirst Financial (NasdaqGS:OCFC)	4.45%	★★★★★★
Dillard's (NYSE:DDS)	5.71%	★★★★★★
Southside Bancshares (NYSE:SBSI)	4.52%	★★★★★★
Chevron (NYSE:CVX)	4.53%	★★★★★★
First Interstate BancSystem (NasdaqGS:FIBK)	5.74%	★★★★★★
Citizens & Northern (NasdaqCM:CZNC)	6.02%	★★★★★★
Premier Financial (NasdaqGS:PFC)	4.72%	★★★★★★

Click here to see the full list of 153 stocks from our Top US Dividend Stocks screener.

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

Northrim BanCorp (NasdaqGS:NRIM)

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

Overview: Northrim BanCorp, Inc. is a bank holding company for Northrim Bank, offering commercial banking products and services to businesses and professionals, with a market cap of $434.10 million.

Operations: Northrim BanCorp's revenue is derived from its Community Banking segment, which generates $112.55 million, and its Home Mortgage Lending segment, contributing $29.04 million.

Dividend Yield: 3.1%

Northrim BanCorp offers a reliable dividend with stable payments over the past decade and a current yield of 3.14%. The dividends are well-covered by earnings, reflected in a payout ratio of 41.5%, suggesting sustainability. Recent financial performance shows growth, with net income increasing to US$26.04 million for the first nine months of 2024 from US$18.78 million last year. Despite trading below estimated fair value, its yield is lower than top-tier dividend payers in the U.S market.

• Take a closer look at Northrim BanCorp's potential here in our dividend report.
• In light of our recent valuation report, it seems possible that Northrim BanCorp is trading behind its estimated value.

Northwest Bancshares (NasdaqGS:NWBI)

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

Overview: Northwest Bancshares, Inc. is the bank holding company for Northwest Bank, a state-chartered savings bank offering personal and business banking solutions, with a market cap of approximately $1.71 billion.

Operations: Northwest Bancshares, Inc. generates revenue primarily through its Community Banking segment, which accounts for $487.91 million.

Dividend Yield: 6%

Northwest Bancshares offers a high dividend yield of approximately 6.0%, placing it in the top 25% of U.S. dividend payers. However, its dividends have been volatile over the past decade and are not currently covered by earnings, with a payout ratio exceeding 100%. Despite this, future earnings are expected to cover dividends with a forecasted payout ratio of 63.7% in three years. Recent financial results show declining net income and earnings per share compared to last year.

• Navigate through the intricacies of Northwest Bancshares with our comprehensive dividend report here.
• Our comprehensive valuation report raises the possibility that Northwest Bancshares is priced lower than what may be justified by its financials.

Valley National Bancorp (NasdaqGS:VLY)

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

Overview: Valley National Bancorp, with a market cap of $5.16 billion, operates as the holding company for Valley National Bank, offering a range of commercial, private banking, retail, insurance, and wealth management financial services.

Operations: Valley National Bancorp generates revenue through its key segments, with Consumer Banking contributing $234.79 million, Commercial Banking accounting for $1.30 billion, and Treasury and Corporate Other adding $72.02 million.

Dividend Yield: 4.8%

Valley National Bancorp offers a dividend yield of 4.77%, ranking it in the top 25% of U.S. dividend payers. Despite stable dividends over the past decade, they have not grown and are considered unreliable due to past volatility. The current payout ratio is 70.4%, indicating dividends are covered by earnings, with forecasts suggesting improved coverage in three years at a 42.3% payout ratio. Recent executive changes may impact future strategic direction and financial performance consistency.

• Get an in-depth perspective on Valley National Bancorp's performance by reading our dividend report here.
• The valuation report we've compiled suggests that Valley National Bancorp's current price could be quite moderate.

Make It Happen

• Unlock more gems! Our Top US Dividend Stocks screener has unearthed 150 more companies for you to explore.Click here to unveil our expertly curated list of 153 Top US Dividend Stocks.
• Are any of these part of your asset mix? Tap into the analytical power of Simply Wall St's portfolio to get a 360-degree view on how they're shaping up.
• Maximize your investment potential with Simply Wall St, the comprehensive app that offers global market insights for free.

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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