Top US Dividend Stocks To Consider In December 2024

As the United States market experiences a notable uptick with the onset of the Santa Claus Rally, major indices like the Nasdaq Composite and S&P 500 are showing promising gains, hinting at a positive close to 2024. In this environment, dividend stocks continue to attract attention for their potential to provide steady income amidst market fluctuations.

Click here to see the full list of 152 stocks from our Top US Dividend Stocks screener.

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

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

Overview: Omega Flex, Inc. manufactures and sells flexible metal hoses and accessories both in North America and internationally, with a market cap of $430.02 million.

Operations: Omega Flex, Inc. generates revenue of $102.86 million from the manufacture and sale of flexible metal hoses and accessories.

Dividend Yield: 3.2%

Omega Flex has maintained stable and growing dividend payments over the past decade, with a recent quarterly dividend of US$0.34 per share declared for Q4 2024. Despite lower sales and net income in recent quarters, dividends remain covered by earnings (payout ratio: 74.2%) and cash flows (cash payout ratio: 64.2%). The dividend yield is reliable at 3.19%, though not among the highest in the US market, but Omega Flex trades below its estimated fair value by 23.1%.

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

Overview: Columbia Banking System, Inc. is the holding company for Umpqua Bank, offering banking, private banking, mortgage, and other financial services in the United States with a market cap of approximately $5.78 billion.

Operations: Columbia Banking System, Inc.’s revenue is primarily derived from its banking segment, which generated $1.83 billion.

Dividend Yield: 5.2%

Columbia Banking System has consistently increased its dividends over the past decade, with a current quarterly dividend of US$0.36 per share. The dividend yield stands at 5.22%, placing it in the top 25% of US dividend payers. Despite recent net charge-offs rising to US$29.12 million in Q3 2024, earnings have grown significantly by 43.1% over the past year, supporting a sustainable payout ratio of 62%.

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

Overview: Bank OZK offers a range of retail and commercial banking services to individuals and businesses across the United States, with a market capitalization of approximately $5.07 billion.

Operations: Bank OZK generates revenue primarily through its Community Banking segment, which accounts for $1.46 billion.

Dividend Yield: 3.7%

Bank OZK recently increased its quarterly dividend to US$0.41 per share, reflecting consistent growth over the past decade. The dividend is well-covered by earnings with a payout ratio of 25.2%, ensuring sustainability and reliability. Despite a modest earnings growth of 4.7% in the past year, Bank OZK maintains a stable financial position with net interest income rising to US$389.4 million in Q3 2024, supporting continued dividend payments and potential future increases.

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 NasdaqGM:OFLX NasdaqGS:COLB and NasdaqGS:OZK.

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