Top US Dividend Stocks To Boost Your Portfolio

As the U.S. stock market experiences early gains driven by a surge in chipmaker stocks, with Broadcom's market value surpassing $1 trillion, investors are closely watching how technology and AI developments impact broader economic trends. In this dynamic environment, dividend stocks can offer stability and income potential, making them an attractive option for those looking to enhance their portfolios amidst fluctuating market conditions.

Top 10 Dividend Stocks In The United States

Click here to see the full list of 138 stocks from our Top US Dividend Stocks screener.

Below we spotlight a couple of our favorites from our exclusive screener.

ChoiceOne Financial Services

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

Overview: ChoiceOne Financial Services, Inc. is a bank holding company for ChoiceOne Bank, offering banking services to corporations, partnerships, and individuals in Michigan with a market cap of $336.09 million.

Operations: ChoiceOne Financial Services, Inc. generates revenue primarily through its banking segment, which amounts to $87.90 million.

Dividend Yield: 3%

ChoiceOne Financial Services offers a stable dividend, having increased its payout by $0.01 to $0.28 per share for the fourth quarter of 2024. The dividend yield stands at 3.02%, which is lower than the top US payers but remains well-covered by earnings with a current payout ratio of 33.9%. Earnings have shown growth, with net income rising to US$7.35 million in Q3 2024 from US$5.12 million the previous year, supporting sustainable future dividends.

• Take a closer look at ChoiceOne Financial Services' potential here in our dividend report.
• According our valuation report, there's an indication that ChoiceOne Financial Services' share price might be on the cheaper side.

Penns Woods Bancorp

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

Overview: Penns Woods Bancorp, Inc. is the bank holding company for Jersey Shore State Bank, offering commercial and retail banking services to individuals, partnerships, non-profit organizations, and corporations with a market cap of $255.76 million.

Operations: Penns Woods Bancorp, Inc. generates revenue primarily through its Community Banking segment, which accounts for $67.72 million.

Dividend Yield: 3.8%

Penns Woods Bancorp's dividend remains stable and reliable, with a recent declaration of $0.32 per share for Q4 2024, payable on December 23. The dividend yield is 3.77%, below the top US payers, but supported by a low payout ratio of 48.8%. Despite no share buybacks recently, earnings growth of 25.6% over the past year enhances its ability to maintain dividends, though future coverage data is insufficient.

• Click here and access our complete dividend analysis report to understand the dynamics of Penns Woods Bancorp.
• The analysis detailed in our Penns Woods Bancorp valuation report hints at an deflated share price compared to its estimated value.

Coterra Energy

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

Overview: Coterra Energy Inc. is an independent oil and gas company focused on the development, exploration, and production of oil, natural gas, and natural gas liquids in the United States with a market capitalization of approximately $18.67 billion.

Operations: Coterra Energy Inc. generates revenue from its operations in natural gas and oil development, exploitation, exploration, and production amounting to $5.50 billion.

Dividend Yield: 3.3%

Coterra Energy's dividend, with a 3.27% yield, is lower than the top US payers but supported by a reasonable payout ratio of 50%. Despite past volatility and unreliability in dividends, recent increases suggest improvement. The company's earnings are expected to grow significantly. Recent $1.5 billion debt financing aims to support acquisitions, potentially impacting future cash flow and dividend sustainability. Analysts anticipate stock price growth, reflecting confidence in Coterra's strategic direction.

• Unlock comprehensive insights into our analysis of Coterra Energy stock in this dividend report.
• Our comprehensive valuation report raises the possibility that Coterra Energy is priced lower than what may be justified by its financials.

Key Takeaways

• Unlock our comprehensive list of 138 Top US Dividend Stocks by clicking here.
• Are these companies part of your investment strategy? Use Simply Wall St to consolidate your holdings into a portfolio and gain insights with our comprehensive analysis tools.
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Ready To Venture Into Other Investment Styles?

• 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.

Companies discussed in this article include NasdaqCM:COFS NasdaqGS:PWOD and NYSE:CTRA.

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