3 Dividend Stocks To Consider With Yields Up To 5.1%
Over the last 7 days, the United States market has dropped 2.4%, yet it remains up by 22% over the past year with earnings forecasted to grow by 18% annually. In this dynamic environment, identifying dividend stocks with strong yields can offer investors a blend of potential income and stability amidst market fluctuations.
Top 10 Dividend Stocks In The United States
| Name | Dividend Yield | Dividend Rating |
| Peoples Bancorp (PEBO) | 4.66% | ★★★★★☆ |
| OTC Markets Group (OTCM) | 5.75% | ★★★★★★ |
| Huntington Bancshares (HBAN) | 3.60% | ★★★★★☆ |
| First Interstate BancSystem (FIBK) | 5.14% | ★★★★★★ |
| Ennis (EBF) | 4.81% | ★★★★★★ |
| Donegal Group (DGIC.A) | 4.41% | ★★★★★★ |
| Columbia Banking System (COLB) | 4.80% | ★★★★★★ |
| CareTrust REIT (CTRE) | 4.24% | ★★★★★☆ |
| Banco Latinoamericano de Comercio Exterior S. A (BLX) | 4.61% | ★★★★★☆ |
| Accenture (ACN) | 3.89% | ★★★★★☆ |
Here we highlight a subset of our preferred stocks from the screener.
Donegal Group (DGIC.A)
Simply Wall St Dividend Rating: ★★★★★★
Overview: Donegal Group Inc. is an insurance holding company offering commercial and personal lines of property and casualty coverage, with a market cap of $656.94 million.
Operations: Donegal Group Inc. generates its revenue from investments ($55.54 million), personal lines of property and casualty insurance ($351.22 million), and commercial lines of property and casualty insurance ($558.62 million).
Dividend Yield: 4.4%
Donegal Group offers a compelling dividend profile with a yield of 4.41%, placing it in the top 25% among US dividend payers. Its dividends are well-covered by earnings and cash flows, evidenced by payout ratios of 40.8% and 44.1%, respectively. Despite recent declines in revenue (US$236 million) and net income (US$11.51 million), Donegal increased its quarterly dividends by over 5%. The stock's P/E ratio of 9.9x suggests good value compared to the broader market.
Central Securities (CET)
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Central Securities Corporation is a publicly owned investment manager with a market cap of $1.53 billion.
Operations: Central Securities Corporation generates revenue primarily from its Financial Services - Closed End Funds segment, amounting to $31.89 million.
Dividend Yield: 5.1%
Central Securities Corporation's recent dividend increase to $0.31 per share highlights its competitive yield of 5.14%, placing it in the top 25% among US dividend payers. However, its dividends have been volatile and not well covered by free cash flows, with a high cash payout ratio of 169.5%. While trading at a significant discount to estimated fair value, earnings coverage remains reasonable due to a low payout ratio of 30.1%.
RLI (RLI)
Simply Wall St Dividend Rating: ★★★★★☆
Overview: RLI Corp. is an insurance holding company that offers property, casualty, and surety insurance products, with a market cap of approximately $4.96 billion.
Operations: RLI Corp.'s revenue segments consist of $147.65 million from surety, $973.50 million from casualty, and $506.24 million from property insurance products.
Dividend Yield: 4.9%
RLI Corp.'s dividend yield of 4.88% ranks in the top 25% among US dividend payers, supported by a low payout ratio of 14.9%, indicating strong coverage by earnings and cash flows. Despite an unstable dividend history with volatility over the past decade, RLI has consistently increased dividends for 51 years. Recent announcements include a $0.18 regular quarterly dividend and a $2 special dividend, alongside a $250 million share repurchase program funded through available cash and operations.
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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.
