As the U.S. stock market experiences a mixed performance with the S&P 500 and Dow Jones Industrial Average facing consecutive losses, investors are turning their attention to dividend stocks as a potential source of steady income amid market volatility. In this environment, selecting dividend stocks that offer reliable yields can provide a cushion against fluctuating market conditions while contributing to long-term portfolio stability.

Top 10 Dividend Stocks In The United States

Click here to see the full list of 136 stocks from our Top US Dividend Stocks screener.

Let's review some notable picks from our screened stocks.

Farmers National Banc (NasdaqCM:FMNB)

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

Overview: Farmers National Banc Corp., with a market cap of $585.99 million, operates as a bank holding company for The Farmers National Bank of Canfield, offering services in banking, trust, retirement consulting, insurance, and financial management.

Operations: Farmers National Banc Corp. generates revenue primarily through its Bank Segment, accounting for $155.28 million, and its Trust Segment, including retirement consulting services, contributing $12.78 million.

Dividend Yield: 4.3%

Farmers National Banc offers a high and reliable dividend yield of 4.3%, placing it in the top 25% of US dividend payers. The company's dividends have been stable and growing over the past decade, supported by a sustainable payout ratio currently at 55% and forecasted to improve to 44.6% in three years. Despite recent net charge-offs of US$4.61 million, its dividends remain well-covered by earnings, with a recent affirmation of a quarterly cash dividend at US$0.17 per share payable on December 31, 2024.

• Click to explore a detailed breakdown of our findings in Farmers National Banc's dividend report.
• The analysis detailed in our Farmers National Banc valuation report hints at an deflated share price compared to its estimated value.

Hanmi Financial (NasdaqGS:HAFC)

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

Overview: Hanmi Financial Corporation, with a market cap of $765.60 million, operates as the holding company for Hanmi Bank, offering business banking products and services in the United States.

Operations: Hanmi Financial Corporation generates revenue primarily from its Financial Services segment, amounting to $232.77 million.

Dividend Yield: 3.9%

Hanmi Financial Corporation declared a quarterly dividend of US$0.25 per share, maintaining its track record despite past volatility in payouts. The dividend is well-covered by earnings with a payout ratio of 48%, expected to improve to 41.6% in three years. While the yield of 3.87% is below top-tier U.S. payers, recent expansions into South Korea may bolster future growth prospects, complementing existing operations across key U.S. locations and enhancing its service offerings for Korean subsidiaries.

• Click here to discover the nuances of Hanmi Financial with our detailed analytical dividend report.
• According our valuation report, there's an indication that Hanmi Financial's share price might be on the cheaper side.

Westamerica Bancorporation (NasdaqGS:WABC)

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

Overview: Westamerica Bancorporation is a bank holding company for Westamerica Bank, offering a range of banking products and services to individual and commercial customers, with a market cap of approximately $1.51 billion.

Operations: Westamerica Bancorporation generates its revenue primarily through its banking segment, which accounts for $304.04 million.

Dividend Yield: 3.1%

Westamerica Bancorporation offers a stable dividend, recently affirming its quarterly payout of US$0.44 per share, supported by a low payout ratio of 32.1%, forecasted to remain sustainable at 44.3% in three years. Despite a reliable dividend history and growth over the past decade, earnings are projected to decline by 15.2% annually over the next three years, potentially impacting future dividend attractiveness compared to higher-yield U.S. stocks.

• Navigate through the intricacies of Westamerica Bancorporation with our comprehensive dividend report here.
• The valuation report we've compiled suggests that Westamerica Bancorporation's current price could be quite moderate.

Next Steps

• Unlock more gems! Our Top US Dividend Stocks screener has unearthed 133 more companies for you to explore.Click here to unveil our expertly curated list of 136 Top US Dividend Stocks.
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Want To Explore Some Alternatives?

• 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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