Stock Analysis

Top US Dividend Stocks For September 2024

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As the U.S. stock market wraps up a volatile August with notable gains across major indexes, investors are increasingly turning their attention to dividend stocks, which have shown resilience amid economic uncertainties. In this context of fluctuating interest rates and easing inflation concerns, selecting robust dividend-paying stocks can offer both steady income and potential for capital appreciation.

Top 10 Dividend Stocks In The United States

NameDividend YieldDividend Rating
Columbia Banking System (NasdaqGS:COLB)5.72%★★★★★★
BCB Bancorp (NasdaqGM:BCBP)5.16%★★★★★★
WesBanco (NasdaqGS:WSBC)4.47%★★★★★★
Dillard's (NYSE:DDS)6.20%★★★★★★
Premier Financial (NasdaqGS:PFC)4.95%★★★★★★
Silvercrest Asset Management Group (NasdaqGM:SAMG)4.94%★★★★★★
OceanFirst Financial (NasdaqGS:OCFC)4.48%★★★★★★
OTC Markets Group (OTCPK:OTCM)4.69%★★★★★★
Chevron (NYSE:CVX)4.41%★★★★★★
Helmerich & Payne (NYSE:HP)5.15%★★★★★☆

Click here to see the full list of 171 stocks from our Top US Dividend Stocks screener.

We'll examine a selection from our screener results.

ESSA Bancorp (NasdaqGS:ESSA)

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

Overview: ESSA Bancorp, Inc., with a market cap of $175.16 million, operates as a bank holding company for ESSA Bank & Trust, offering various financial services to individuals, families, and businesses in Pennsylvania.

Operations: ESSA Bancorp, Inc.'s revenue primarily comes from its Thrift/Savings and Loan Institutions segment, which generated $68.48 million.

Dividend Yield: 3.3%

ESSA Bancorp has announced a $0.15 per share dividend payable on September 30, 2024, continuing its reliable and stable dividend payments over the past decade. Despite a modest yield of 3.25%, lower than the top quartile of US dividend payers, its low payout ratio of 33.1% suggests sustainability. Recent earnings reveal slight declines in net interest income and net income compared to last year but remain sufficient to cover dividends comfortably.

NasdaqGS:ESSA Dividend History as at Sep 2024

Credicorp (NYSE:BAP)

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

Overview: Credicorp Ltd. offers a range of financial, insurance, and health services and products primarily in Peru and internationally, with a market cap of $14.17 billion.

Operations: Credicorp Ltd. generates revenue through diverse segments including financial services, insurance, and health services primarily in Peru and internationally.

Dividend Yield: 5.2%

Credicorp's dividend track record is volatile, but its current payout ratio of 56.4% indicates dividends are covered by earnings. The company trades at 37% below estimated fair value, presenting a good relative value compared to peers. Recent announcements include a special cash dividend of PEN 11 per share payable on October 18, 2024. Despite high non-performing loans at 6%, Credicorp's forecasted earnings growth of 12.8% per year supports future dividend coverage (50.9%).

NYSE:BAP Dividend History as at Sep 2024

Westwood Holdings Group (NYSE:WHG)

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

Overview: Westwood Holdings Group, Inc., with a market cap of $108.77 million, manages investment assets and provides related services through its subsidiaries.

Operations: Westwood Holdings Group, Inc.'s revenue segments include $21.11 million from Trust services and $75.70 million from Advisory services.

Dividend Yield: 4.5%

Westwood Holdings Group's dividend payments have been volatile over the past decade, though its current payout ratio of 81% and cash payout ratio of 34.1% indicate dividends are covered by earnings and cash flows. Recent earnings showed a net loss for Q2 2024, but the company continues to expand its ETF offerings, reflecting a commitment to innovative investment tools. The latest quarterly dividend is US$0.15 per share, payable on October 1, 2024.

NYSE:WHG Dividend History as at Sep 2024

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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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