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Top US Dividend Stocks for October 2024

As the U.S. stock market experiences a mixed performance and the S&P 500 and Dow Jones end their six-week winning streaks, investors are closely watching economic data and earnings reports for clues to future trends. In this uncertain environment, dividend stocks can offer stability and income potential, making them an attractive option for those looking to navigate the current market environment.

name

Dividend yield

Dividend rating

WesBanco (NasdaqGS:WSBC)

4.75%

★★★★★★

Peoples Bancorp (NasdaqGS:PEBO)

5.27%

★★★★★★

Columbia Banking System (NasdaqGS:COLB)

5.16%

★★★★★★

Dillard's (NYSE:DDS)

5.54%

★★★★★★

Financial Institutions (NasdaqGS:FISI)

5.00%

★★★★★★

First Interstate BancSystem (NasdaqGS:FIBK)

6.07%

★★★★★★

Farmers National Banc (NasdaqCM:FMNB)

4.97%

★★★★★★

Premier Financial (NasdaqGS:PFC)

5.20%

★★★★★★

Ennis (NYSE:EBF)

4.88%

★★★★★★

Citizens & Northern (NasdaqCM:CZNC)

5.89%

★★★★★★

Click here to see the full list of 177 stocks from our Top US Dividend Stocks screener.

Here we highlight a subset of our favorite stocks from the screener.

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

Overview: Columbia Banking System, Inc., with a market capitalization of approximately $5.85 billion, serves as the holding company for Umpqua Bank and provides banking, private banking, mortgage and other financial services in the United States.

Operations: Columbia Banking System, Inc. generates revenue primarily from its banking segment, which totals $1.85 billion.

Dividend yield: 5.2%

Columbia Banking System offers a high and reliable dividend yield of 5.16%, placing it in the top 25% of dividend payers in the US. Despite recent net write-downs totaling $29.12 million, the company's dividends have been stable and increasing over the past decade, supported by a reasonable payout ratio of 63.3%. The Board recently affirmed a quarterly cash dividend of $0.36 per share, demonstrating its continued commitment to driving value for shareholders.

NasdaqGS:COLB dividend history as of Oct 2024

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

Overview: Penns Woods Bancorp, Inc., with a market capitalization of $193.14 million, operates as the bank holding company for Jersey Shore State Bank and provides business and retail banking services to individuals, partnerships, nonprofit organizations and corporations.

Operations: Penns Woods Bancorp, Inc. generates revenue primarily from its community banking segment, which accounts for $68.05 million.

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