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Unveiling ACNB And Two More Top Dividend Stocks

In the past year, the United States stock market has shown robust growth, climbing 24%, while recent performance over the last 7 days has remained flat. In this context of anticipated annual earnings growth of 15%, dividend stocks like ACNB can be particularly appealing for investors seeking steady income alongside potential market gains.

Top 10 Dividend Stocks In The United States

Name

Dividend Yield

Dividend Rating

Columbia Banking System (NasdaqGS:COLB)

7.58%

★★★★★★

Resources Connection (NasdaqGS:RGP)

5.19%

★★★★★★

OceanFirst Financial (NasdaqGS:OCFC)

5.37%

★★★★★★

Silvercrest Asset Management Group (NasdaqGM:SAMG)

5.08%

★★★★★★

Regions Financial (NYSE:RF)

4.97%

★★★★★★

Dillard's (NYSE:DDS)

4.82%

★★★★★★

CompX International (NYSEAM:CIX)

5.22%

★★★★★★

Premier Financial (NasdaqGS:PFC)

6.44%

★★★★★☆

Southside Bancshares (NasdaqGS:SBSI)

5.54%

★★★★★☆

Huntington Bancshares (NasdaqGS:HBAN)

4.78%

★★★★★☆

Click here to see the full list of 205 stocks from our Top Dividend Stocks screener.

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We'll examine a selection from our screener results.

ACNB

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

Overview: ACNB Corporation, a financial holding company based in the United States, provides banking, insurance, and financial services to individuals, businesses, and government entities with a market capitalization of approximately $279.76 million.

Operations: ACNB Corporation generates its revenue primarily through two segments: banking, which contributes $95.42 million, and insurance services, adding $9.53 million.

Dividend Yield: 3.8%

ACNB offers a dividend yield of 3.85%, which is modest compared to the US market's top dividend payers. Despite this, its dividends are well-supported by a low payout ratio of 33.5%, indicating financial stability and potential for continued payments. However, earnings are expected to decline annually by 2.1% over the next three years, raising concerns about future growth and sustainability of dividends despite past increases and stability over ten years. Recent board enhancements with Alexandra Chiaruttini could bring strategic improvements, aligning with governance that supports shareholder interests.

NasdaqCM:ACNB Dividend History as at Jun 2024
NasdaqCM:ACNB Dividend History as at Jun 2024

C&F Financial

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

Overview: C&F Financial Corporation serves as the holding company for Citizens and Farmers Bank, offering banking services to individuals and businesses, with a market capitalization of approximately $160.44 million.

Operations: C&F Financial Corporation generates revenue through three primary segments: Community Banking with $86.97 million, Consumer Finance contributing $17.69 million, and Mortgage Banking at $10.96 million.

Dividend Yield: 3.6%

C&F Financial recently affirmed a quarterly dividend of US$0.44 per share, demonstrating its commitment to consistent shareholder returns. Despite a dip in Q1 2024 earnings, with net income falling to US$3.44 million from US$6.5 million year-over-year and basic EPS decreasing to US$1.01 from US$1.86, the company maintains a low payout ratio at 29%, suggesting dividends are well-covered by earnings. However, its dividend yield of 3.61% trails behind the top quartile of U.S dividend payers at 4.79%.

NasdaqGS:CFFI Dividend History as at Jun 2024
NasdaqGS:CFFI Dividend History as at Jun 2024

Global Ship Lease

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

Overview: Global Ship Lease, Inc. operates by owning and chartering out containerships on fixed-rate charters to container shipping companies globally, with a market capitalization of approximately $1.03 billion.

Operations: Global Ship Lease, Inc. generates its revenue primarily from the transportation and shipping segment, totaling approximately $688.85 million.

Dividend Yield: 5%

Global Ship Lease's recent introduction of a quarterly supplemental dividend reflects its strong cash flows, driven by robust charter market conditions. Despite this positive development and a sustainable dividend payout, the company's overall dividend history is marked by instability, with payments showing significant fluctuations over the past nine years. While currently trading below its estimated fair value and offering dividends well-covered by earnings and cash flows, GSL's forecast suggests potential earnings decline, posing risks to future dividend reliability.

NYSE:GSL Dividend History as at Jun 2024
NYSE:GSL Dividend History as at Jun 2024

Turning Ideas Into Actions

  • Dive into all 205 of the Top Dividend Stocks we have identified 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.

  • Simply Wall St is your key to unlocking global market trends, a free user-friendly app for forward-thinking investors.

Looking For Alternative Opportunities?

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.

Companies discussed in this article include NasdaqCM:ACNB NasdaqGS:CFFI and NYSE:GSL.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com