As 2024 comes to a close, U.S. markets have experienced a strong year overall despite ending on a weaker note, with the Dow Jones Industrial Average posting its largest monthly loss in over two years. In this fluctuating environment, dividend stocks can offer investors potential stability and income, making them an appealing option to consider as we head into January 2025.
Let’s explore several standout options from the results in the screener.
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Virginia National Bankshares Corporation, with a market cap of $203.61 million, operates as the holding company for Virginia National Bank, offering a variety of commercial and retail banking services.
Operations: Virginia National Bankshares Corporation generates its revenue primarily from its banking operations ($50.28 million), with additional contributions from Masonry Capital ($0.72 million) and VNB Trust & Estate Services ($1.03 million).
Dividend Yield: 3.5%
Virginia National Bankshares offers a stable dividend yield of approximately 3.25%, supported by a low payout ratio of 45.5%, indicating dividends are well covered by earnings. Despite recent earnings showing slight declines, the company’s dividend payments have been reliable and growing over the past decade with minimal volatility. Trading significantly below estimated fair value, it presents potential for value investors seeking consistent income, although its yield is lower than top-tier US dividend payers.
NasdaqCM:VABK Dividend History as at Jan 2025
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Norwood Financial Corp. is the bank holding company for Wayne Bank, offering a range of banking products and services, with a market cap of $216.23 million.
Operations: Norwood Financial Corp. generates its revenue primarily from banking and related financial services, amounting to $62.31 million.
Dividend Yield: 4.6%
Norwood Financial offers a high and reliable dividend yield of 4.56%, placing it in the top 25% of US dividend payers. Recent actions include a $0.31 per share dividend increase, reflecting consistent growth over the past decade with stable payouts. However, profit margins have declined from last year, and recent earnings show reduced net income compared to previous periods. The stock trades at a significant discount to its estimated fair value, potentially appealing to value-focused investors.
NasdaqGM:NWFL Dividend History as at Jan 2025
Simply Wall St Dividend Rating: ★★★★★☆
Overview: ConnectOne Bancorp, Inc. is a bank holding company for ConnectOne Bank, offering commercial banking products and services to small and mid-sized businesses, local professionals, and individuals in the New York Metropolitan area and South Florida market, with a market cap of approximately $868.55 million.
Operations: ConnectOne Bancorp, Inc. generates revenue of $248.64 million primarily from its community banking segment.
Dividend Yield: 3.1%
ConnectOne Bancorp’s dividend yield of 3.14% is reliable and stable, though lower than the top US dividend payers. The company’s dividends have grown steadily over the past decade with a current payout ratio of 40.9%, indicating sustainability, and are forecasted to be well covered by future earnings at a 25.7% payout ratio. Recent financials show decreased net income year-over-year, but the stock trades significantly below estimated fair value, suggesting potential for value investors.
NasdaqGS:CNOB Dividend History as at Jan 2025
Get an in-depth perspective on all 156 Top US Dividend Stocks by using our screener here.
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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.
Companies discussed in this article include NasdaqCM:VABK NasdaqGM:NWFL and NasdaqGS:CNOB.
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