Top Dividend Stocks to Consider in June 2024

In June 2024, the US stock market posted solid annual growth of 21%, despite a flat performance over the past week. In this environment, dividend stocks remain attractive as they offer stable income potential and could benefit from expected earnings growth in the broader market.

Top 10 Dividend Stocks in the United States

Name	Dividend yield	Dividend rating
Columbia Banking System (NasdaqGS: COLB)	7.83%	★★★★★★
Resource Connection (NasdaqGS:RGP)	5.27%	★★★★★★
Silvercrest Asset Management Group (NasdaqGM: SAMG)	5.11%	★★★★★★
Financial Regions (NYSE:RF)	5.15%	★★★★★★
Dillard’s (NYSE:DDS)	5.06%	★★★★★★
Huntington Bank Stock (NasdaqGS:HBAN)	5.01%	★★★★★★
Citizens Financial Group (NYSE:CFG)	4.93%	★★★★★★
CompX International (NYSEAM:CIX)	5.09%	★★★★★★
Crédicorp (NYSE: BAP)	5.95%	★★★★★☆
CVB Financial (NasdaqGS:CVBF)	4.98%	★★★★★☆

Click here to see the full list of 211 stocks in our Highest Dividend Stocks Filter.

Let’s explore several noteworthy options from the filter results.

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

Preview: Northfield Bancorp, Inc., based in Staten Island, New York, serves as the holding company for Northfield Bank, offering a range of consumer and commercial banking products and services with a market capitalization of approximately $345.44 million.

Operations: Northfield Bancorp, Inc. generates its revenue primarily through its community banking segment, which accounted for $128.70 million.

Dividend yield: 6.7%

Northfield Bancorp has consistently increased its dividend over the past decade, maintaining a stable and reliable payout with a yield of 6.68%, well above the U.S. market average. Despite a drop in profit margins from 36.5% to 25%, profits are expected to grow by 11.35% per year. Recent corporate actions include multiple share buyback programs totaling up to US$15 million and regular dividend payments, a sign of confidence in financial stability despite insufficient data on long-term dividend coverage. term.

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

Preview: Peoples Financial Services Corp., with a market capitalization of approximately $280.38 million, serves as the bank holding company for Peoples Security Bank and Trust Company, offering a range of commercial and retail banking services.

Operations: Peoples Financial Services Corp. generates its revenue mainly through banking services, which amounted to $96.88 million.

Dividend yield: 4.1%

Peoples Financial Services maintained its quarterly dividend at US$0.41 per share, stable compared to last year, despite a drop in net interest income from US$23.04 million to US$19.32 million US and a decline in net profit from US$7.58 million to US$3.47 million in Q1 2024. The company’s dividends are supported by a moderate payout ratio of 49.9%, which indicates good earnings coverage, although its dividend yield of 4.13% lags behind the top quartile of US market payers at 4.8%.

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

Preview: Robert Half Inc. operates as a provider of talent management solutions and business consulting services in North America, South America, Europe, Asia and Australia, with a market capitalization of approximately 6, $69 billion.

Operations: Robert Half Inc.’s revenue comes from Contract Talent Solutions at $4.16 billion, Permanent Placement Talent Solutions at $0.54 billion, and Protiviti at $1.90 billion.

Dividend yield: 3.3%

Robert Half has demonstrated a decade of growing and stable dividend payments, currently at US$0.53 per share with a yield of 3.27%. Despite lower year-over-year profit margins — 5.7% versus 8.6% — and a recent drop in profits in the first quarter of 2024, from US$122.01 million to US$63.7 million. of US dollars, dividends remain well covered by profits and cash flow, with payout ratios at 58.6%. and 43.1%, respectively. The stock is trading at a significant discount, 51.7% below its estimated fair value, suggesting potential undervaluation relative to its financial health and market position.

Key takeaways

• Get an in-depth perspective on the 211 highest dividend stocks using our filter here.
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This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to constitute financial advice. It does not constitute a recommendation to buy or sell shares and does not take into account your objectives or your financial situation. Our goal is to provide you with targeted, long-term analysis based on fundamental data. Note that our analysis may not take into account the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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