3 US Dividend Stocks To Enhance Your Portfolio

As the U.S. stock market attempts to rebound from a recent Fed-fueled sell-off, investors are closely monitoring the performance of major indices like the Dow Jones Industrial Average and Nasdaq Composite, which have shown signs of recovery in early trading. In such volatile times, dividend stocks can offer a measure of stability and income potential, making them an attractive option for those looking to enhance their portfolios amidst fluctuating market conditions.

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Top 10 Dividend Stocks In The United States

Click here to see the full list of 160 stocks from our Top US Dividend Stocks screener.

Let’s take a closer look at a couple of our picks from the screened companies.

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

Overview: Enact Holdings, Inc. is a private mortgage insurance company operating in the United States with a market cap of approximately $5.21 billion.

Operations: Enact Holdings, Inc. generates revenue primarily through its Insurance – Surety & Title segment, which amounted to $1.20 billion.

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Dividend Yield: 4.4%

Enact Holdings offers a dividend yield in the top 25% of US payers, supported by a low payout ratio of 16.4%. However, its dividend history is relatively short and marked by volatility. Recent earnings growth and share buybacks reflect financial strength, with net income rising to US$180.67 million in Q3 2024. Despite these positives, future earnings are forecasted to decline slightly, which may impact long-term dividend stability.

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

Overview: Evans Bancorp, Inc. operates as a financial holding company for Evans Bank, N.A., with a market cap of $245.96 million.

Operations: Evans Bancorp, Inc.’s revenue is primarily derived from its Banking Activities segment, which generated $60.39 million.

Dividend Yield: 3%

Evans Bancorp maintains a reliable dividend history with stable and growing payments over the past decade, supported by a low payout ratio of 39.4%. However, its current yield of 3.03% is below the top quartile in the US market. The company faces challenges, including forecasted earnings decline and recent net income reduction to US$2.94 million in Q3 2024 from US$3.62 million a year ago, which may affect future dividend sustainability despite consistent past performance.

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

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Overview: Molson Coors Beverage Company manufactures, markets, and sells beer and other malt beverages across multiple regions globally, with a market cap of approximately $12.21 billion.

Operations: Molson Coors Beverage Company’s revenue segments consist of $9.30 billion from the Americas and $2.41 billion from EMEA & APAC.

Dividend Yield: 3%

Molson Coors Beverage’s dividend history is marked by volatility, with payments increasing over the last decade but lacking stability. Despite a low payout ratio of 39%, indicating dividends are well-covered by earnings and cash flow, its yield of 3.02% trails behind top US payers. Recent financials show declining sales and net income, with Q3 2024 net income at US$199.8 million from US$430.7 million a year ago, potentially impacting future dividend reliability.

Summing It All Up

• Reveal the 160 hidden gems among our Top US Dividend Stocks screener with a single click here.
• Shareholder in one or more of these companies? Ensure you’re never caught off-guard by adding your portfolio in Simply Wall St for timely alerts on significant stock developments.
• Discover a world of investment opportunities with Simply Wall St’s free app and access unparalleled stock analysis across all markets.

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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.

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