Top US Dividend Stocks To Consider In November 2024

As the U.S. stock market reaches record highs following the recent presidential election, investors are keenly observing how economic policies might influence various sectors. In this buoyant environment, dividend stocks can offer a stable income stream and potential for growth, making them an appealing option for those seeking to capitalize on current market dynamics.

Top 10 Dividend Stocks In The United States

Name	Dividend Yield	Dividend Rating
WesBanco (NasdaqGS:WSBC)	4.55%	★★★★★★
Peoples Bancorp (NasdaqGS:PEBO)	5.16%	★★★★★★
Isabella Bank (OTCPK:ISBA)	5.11%	★★★★★★
Columbia Banking System (NasdaqGS:COLB)	5.11%	★★★★★★
Dillard's (NYSE:DDS)	5.40%	★★★★★★
Financial Institutions (NasdaqGS:FISI)	4.87%	★★★★★★
Farmers National Banc (NasdaqCM:FMNB)	4.82%	★★★★★★
First Interstate BancSystem (NasdaqGS:FIBK)	6.19%	★★★★★★
Premier Financial (NasdaqGS:PFC)	4.97%	★★★★★★
Citizens & Northern (NasdaqCM:CZNC)	5.87%	★★★★★★

Click here to see the full list of 165 stocks from our Top US Dividend Stocks screener.

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

CompX International (NYSEAM:CIX)

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

Overview: CompX International Inc. is a company that manufactures and sells security products and recreational marine components primarily in North America, with a market cap of $355.88 million.

Operations: CompX International Inc.'s revenue is derived from its Security Products segment, generating $126.27 million, and its Marine Components segment, contributing $31.11 million.

Dividend Yield: 3.9%

CompX International offers a stable dividend yield of 3.93%, although it is below the top 25% of US dividend payers. The dividends are well-covered by earnings and cash flows, with payout ratios of 64.3% and 56.5%, respectively. Dividends have been consistently paid over the past decade, recently reaffirmed with a $0.30 regular quarterly dividend and a special $2.00 per share payout announced in August 2024, reflecting reliable income for investors despite recent earnings fluctuations.

• Delve into the full analysis dividend report here for a deeper understanding of CompX International.
• Our expertly prepared valuation report CompX International implies its share price may be lower than expected.

Dillard's (NYSE:DDS)

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

Overview: Dillard's, Inc. operates retail department stores across the southeastern, southwestern, and midwestern United States with a market cap of $6.16 billion.

Operations: Dillard's generates its revenue primarily from Retail Operations, which account for $6.50 billion, and Construction services contributing $299.37 million.

Dividend Yield: 5.4%

Dillard's offers a high dividend yield of 5.4%, placing it in the top 25% of US dividend payers. The dividends are well-covered, with a low payout ratio of 2.5% from earnings and a cash payout ratio of 63.9%. Over the past decade, dividends have been stable and growing, recently reaffirmed with a $0.25 per share dividend declared for November 2024. Despite declining earnings forecasts, dividends remain attractive due to strong coverage by cash flows and earnings stability.

• Click to explore a detailed breakdown of our findings in Dillard's dividend report.
• The valuation report we've compiled suggests that Dillard's current price could be quite moderate.

Valero Energy (NYSE:VLO)

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

Overview: Valero Energy Corporation is involved in the manufacturing, marketing, and selling of petroleum-based and low-carbon liquid transportation fuels and petrochemical products across multiple regions including the United States, Canada, Europe, Latin America, Mexico, Peru, and internationally with a market cap of approximately $41.14 billion.

Operations: Valero Energy Corporation's revenue segments include Ethanol at $4.70 billion, Renewable Diesel at $5.45 billion, and Refining (including VLP but excluding Renewable Diesel) at $128.08 billion.

Dividend Yield: 3.2%

Valero Energy's dividend is supported by a low payout ratio of 37.5% and cash payout ratio of 22.6%, ensuring coverage by earnings and cash flows. Despite a lower dividend yield of 3.24% compared to top US payers, the company has maintained stable dividends over the past decade, recently reaffirmed at $1.07 per share for December 2024. Recent leadership changes and declining earnings may impact future performance, yet dividends remain reliable with ongoing buybacks enhancing shareholder value.

• Navigate through the intricacies of Valero Energy with our comprehensive dividend report here.
• Our valuation report here indicates Valero Energy may be undervalued.

Next Steps

• Get an in-depth perspective on all 165 Top US Dividend Stocks by using our screener here.
• Already own these companies? Bring clarity to your investment decisions by linking up your portfolio with Simply Wall St, where you can monitor all the vital signs of your stocks effortlessly.
• Elevate your portfolio with Simply Wall St, the ultimate app for investors seeking global market coverage.

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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com