Top 3 US Dividend Stocks To Enhance Your Portfolio

In the midst of a volatile market, with major indices like the Dow Jones and S&P 500 experiencing fluctuations due to economic data and interest rate concerns, investors are increasingly seeking stable income sources. Dividend stocks can provide such stability by offering regular income through dividends, making them an attractive option for those looking to enhance their portfolios amidst uncertain market conditions.

Top 10 Dividend Stocks In The United States

Name	Dividend Yield	Dividend Rating
WesBanco (NasdaqGS:WSBC)	4.70%	★★★★★★
Columbia Banking System (NasdaqGS:COLB)	5.30%	★★★★★★
Peoples Bancorp (NasdaqGS:PEBO)	5.13%	★★★★★★
Interpublic Group of Companies (NYSE:IPG)	4.79%	★★★★★★
Financial Institutions (NasdaqGS:FISI)	4.57%	★★★★★★
Southside Bancshares (NYSE:SBSI)	4.68%	★★★★★★
Dillard's (NYSE:DDS)	5.78%	★★★★★★
First Interstate BancSystem (NasdaqGS:FIBK)	5.90%	★★★★★★
Premier Financial (NasdaqGS:PFC)	5.02%	★★★★★★
Citizens & Northern (NasdaqCM:CZNC)	6.01%	★★★★★★

Click here to see the full list of 156 stocks from our Top US Dividend Stocks screener.

Let's uncover some gems from our specialized screener.

Brookline Bancorp (NasdaqGS:BRKL)

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

Overview: Brookline Bancorp, Inc. is a bank holding company for Brookline Bank, offering commercial, business, and retail banking services to corporate, municipal, and retail customers in the United States with a market cap of approximately $1.03 billion.

Operations: Brookline Bancorp generates revenue primarily through its banking business, amounting to $333.83 million.

Dividend Yield: 4.7%

Brookline Bancorp is set to merge with Berkshire Hills Bancorp in an all-stock transaction valued at US$1.1 billion, impacting its dividend profile. Despite recent earnings decline, Brookline maintains a stable dividend yield of 4.66%, which is well-covered by earnings with a payout ratio of 64.8%. Historically reliable and growing over the past decade, its dividends remain attractive within the top 25% of U.S. market payers, potentially benefiting from merger synergies post-2025 closure.

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

Central Pacific Financial (NYSE:CPF)

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

Overview: Central Pacific Financial Corp. is a bank holding company for Central Pacific Bank, offering commercial banking products and services to businesses, professionals, and individuals in the United States, with a market cap of approximately $742.65 million.

Operations: Central Pacific Financial Corp. generates revenue primarily through its banking segment, which accounted for $244.64 million.

Dividend Yield: 3.8%

Central Pacific Financial offers a stable dividend yield of 3.79%, though it falls short of the top 25% in the U.S. market. The company has consistently increased dividends over the past decade, maintaining reliability with a payout ratio of 49.4%, indicating sustainability from earnings. Recent financials show steady net income and interest income growth, supporting continued dividend payments despite not executing share buybacks this quarter and reporting $3.6 million in charge-offs.

• Unlock comprehensive insights into our analysis of Central Pacific Financial stock in this dividend report.
• Insights from our recent valuation report point to the potential undervaluation of Central Pacific Financial shares in the market.

Southside Bancshares (NYSE: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 $931.98 million.

Operations: Southside Bancshares generates revenue primarily through its banking segment, which accounts for $244.62 million.

Dividend Yield: 4.7%

Southside Bancshares provides a high and reliable dividend yield of 4.68%, ranking in the top 25% of U.S. dividend payers, with stable and increasing payments over the past decade. The payout ratio is sustainable at 51.5%, with future coverage forecasted at 54.6%. Despite a slight dip in net income to US$66.71 million for nine months ending September 2024, dividends remain covered by earnings, supported by good relative value compared to peers and industry standards.

• Click to explore a detailed breakdown of our findings in Southside Bancshares' dividend report.
• In light of our recent valuation report, it seems possible that Southside Bancshares is trading behind its estimated value.

Summing It All Up

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• 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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