Pangaea Logistics Solutions And 2 Other High-Yield Dividend Stocks In US

The U.S. stock market has recently seen major indices like the S&P 500 and Dow Jones Industrial Average hit record highs, buoyed by strong performances from tech giants and a stimulus package from China. Amid this optimism, investors are looking for reliable income sources, making high-yield dividend stocks particularly attractive. In today's market environment, a good dividend stock not only offers consistent payouts but also demonstrates resilience in diverse economic conditions. Here are three high-yield dividend stocks to consider: Pangaea Logistics Solutions and two others that stand out in the current landscape.

Top 10 Dividend Stocks In The United States

Name	Dividend Yield	Dividend Rating
WesBanco (NasdaqGS:WSBC)	4.87%	★★★★★★
Columbia Banking System (NasdaqGS:COLB)	5.52%	★★★★★★
BCB Bancorp (NasdaqGM:BCBP)	5.26%	★★★★★★
Dillard's (NYSE:DDS)	5.54%	★★★★★★
Premier Financial (NasdaqGS:PFC)	5.29%	★★★★★★
Silvercrest Asset Management Group (NasdaqGM:SAMG)	4.76%	★★★★★★
OTC Markets Group (OTCPK:OTCM)	4.75%	★★★★★★
OceanFirst Financial (NasdaqGS:OCFC)	4.47%	★★★★★★
Regions Financial (NYSE:RF)	4.36%	★★★★★★
Chevron (NYSE:CVX)	4.42%	★★★★★★

Click here to see the full list of 173 stocks from our Top US Dividend Stocks screener.

Let's dive into some prime choices out of the screener.

Pangaea Logistics Solutions (NasdaqCM:PANL)

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

Overview: Pangaea Logistics Solutions, Ltd., with a market cap of $310.49 million, provides seaborne dry bulk logistics and transportation services to industrial customers worldwide.

Operations: Pangaea Logistics Solutions generates $503.74 million in revenue from its transportation and shipping services.

Dividend Yield: 5.6%

Pangaea Logistics Solutions has a mixed record for dividend reliability, with payments being volatile over the past five years. However, its dividends are well-covered by both earnings and cash flows, with payout ratios of 50.9% and 38.4%, respectively. Recent earnings reports show solid growth, with net income rising to US$15.36 million for the first half of 2024 from US$6.32 million a year ago, supporting its ability to sustain dividends despite past volatility.

• Dive into the specifics of Pangaea Logistics Solutions here with our thorough dividend report.
• Our comprehensive valuation report raises the possibility that Pangaea Logistics Solutions is priced lower than what may be justified by its financials.

Qifu Technology (NasdaqGS:QFIN)

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

Overview: Qifu Technology, Inc., with a market cap of $4.28 billion, operates a credit-tech platform under the 360 Jietiao brand in the People’s Republic of China.

Operations: Qifu Technology, Inc. generates CN¥17.09 billion from its unclassified services segment.

Dividend Yield: 4.4%

Qifu Technology has increased its dividend to US$0.30 per Class A ordinary share, or US$0.60 per ADS, for the first half of 2024. The company completed a buyback of 10.7 million shares for US$211 million and reported strong earnings growth with net income rising to CNY 1.38 billion in Q2 2024 from CNY 1.10 billion a year ago. Despite the dividend's volatility and short history, it is well-covered by both earnings (payout ratio: 39.2%) and cash flows (cash payout ratio: 17.6%).

• Click here and access our complete dividend analysis report to understand the dynamics of Qifu Technology.
• Upon reviewing our latest valuation report, Qifu Technology's share price might be too pessimistic.

Westwood Holdings Group (NYSE:WHG)

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

Overview: Westwood Holdings Group, Inc., with a market cap of $112.44 million, manages investment assets and provides related services through its subsidiaries.

Operations: Westwood Holdings Group, Inc. generates revenue primarily from its Trust segment, which contributes $21.11 million, and its Advisory segment, which brings in $75.70 million.

Dividend Yield: 4.3%

Westwood Holdings Group's dividend yield is in the top 25% of US dividend payers, but its dividend track record has been unstable with significant volatility over the past decade. The company's payout ratio stands at 81%, indicating dividends are covered by earnings, and a cash payout ratio of 34.1% suggests strong coverage by cash flows. Recent strategic moves include launching two ETFs and expanding their investment offerings, highlighting a commitment to innovation despite recent financial challenges.

• Click here to discover the nuances of Westwood Holdings Group with our detailed analytical dividend report.
• Our valuation report unveils the possibility Westwood Holdings Group's shares may be trading at a premium.

Key Takeaways

• Investigate our full lineup of 173 Top US Dividend Stocks right here.
• Hold shares in these firms? Setup your portfolio in Simply Wall St to seamlessly track your investments and receive personalized updates on your portfolio's performance.
• Simply Wall St is your key to unlocking global market trends, a free user-friendly app for forward-thinking investors.

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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