Exploring Top Dividend Stocks For May 2024
In This Article:
Amidst a fluctuating U.S. market landscape, where recent Federal Reserve comments have cast uncertainty over anticipated rate cuts, investors remain attuned to the broader economic signals and earnings reports influencing indices like the S&P 500 and Dow Jones Industrial Average. In such an environment, dividend stocks continue to attract attention for their potential to offer steady returns despite economic headwinds.
Top 10 Dividend Stocks In The United States
| Name | Dividend Yield | Dividend Rating |
| Columbia Banking System (NasdaqGS:COLB) | 7.17% | ★★★★★★ |
| Resources Connection (NasdaqGS:RGP) | 5.04% | ★★★★★★ |
| Silvercrest Asset Management Group (NasdaqGM:SAMG) | 5.05% | ★★★★★★ |
| Regions Financial (NYSE:RF) | 4.89% | ★★★★★★ |
| Dillard's (NYSE:DDS) | 4.83% | ★★★★★★ |
| Citizens Financial Group (NYSE:CFG) | 4.72% | ★★★★★★ |
| Ennis (NYSE:EBF) | 4.91% | ★★★★★★ |
| Premier Financial (NasdaqGS:PFC) | 5.98% | ★★★★★☆ |
| Peoples Bancorp (NasdaqGS:PEBO) | 5.34% | ★★★★★☆ |
| First Bancorp (NasdaqGS:FNLC) | 6.09% | ★★★★★☆ |
Click here to see the full list of 201 stocks from our Top Dividend Stocks screener.
Here's a peek at a few of the choices from the screener.
Citizens Financial Services
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Citizens Financial Services, Inc., a bank holding company, offers a range of banking products and services to individual, business, governmental, and institutional clients with a market capitalization of approximately $223.25 million.
Operations: Citizens Financial Services, Inc. generates its revenue primarily through its community banking segment, which accounted for $91.23 million.
Dividend Yield: 4.1%
Citizens Financial Services offers a stable dividend yield of 4.13%, with a history of consistent dividend payments over the last decade, underpinned by a reasonable payout ratio of 49.5%. Despite this stability, its profit margins have declined from 35.6% to 19.7% year-over-year, and recent earnings show mixed results with slight growth in net income but lower earnings per share compared to the previous year. Additionally, while dividends are well-covered by earnings now, there is uncertainty about future coverage due to insufficient data on long-term sustainability and growth forecasts.
Middlefield Banc
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Middlefield Banc Corp., with a market cap of $193.85 million, serves as the holding company for The Middlefield Banking Company, offering commercial banking services to small and medium-sized businesses, professionals, small business owners, and retail customers in northeastern and central Ohio.