As the U.S. stock market experiences a notable upswing, with major indices like the S&P 500 and Dow Jones Industrial Average posting their best weekly gains in months, investors are increasingly looking toward dividend stocks as a stable source of income amidst the volatility. In this dynamic environment, selecting dividend stocks with attractive yields can be an effective strategy to enhance portfolio returns while benefiting from consistent income streams.

Top 10 Dividend Stocks In The United States

Click here to see the full list of 144 stocks from our Top US Dividend Stocks screener.

Below we spotlight a couple of our favorites from our exclusive screener.

Union Bankshares

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

Overview: Union Bankshares, Inc. is the bank holding company for Union Bank, offering retail, commercial, and municipal banking products and services in northern Vermont and New Hampshire with a market cap of $135.74 million.

Operations: Union Bankshares generates revenue primarily through its Community Bank segment, which accounts for $46.39 million.

Dividend Yield: 4.8%

Union Bankshares recently declared a quarterly cash dividend of US$0.36 per share, maintaining its stable and growing dividend history over the past decade. Its dividends are considered reliable with minimal volatility and are covered by earnings, supported by a reasonable payout ratio of 73.9%. Despite recent declines in net income, the company offers an attractive dividend yield of 4.8%, placing it in the top 25% among U.S. market dividend payers.

• Click to explore a detailed breakdown of our findings in Union Bankshares' dividend report.
• Our expertly prepared valuation report Union Bankshares implies its share price may be lower than expected.

Silicon Motion Technology

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

Overview: Silicon Motion Technology Corporation designs, develops, and markets NAND flash controllers for solid-state storage devices across various international markets, with a market cap of approximately $1.75 billion.

Operations: The company's revenue primarily comes from its segment focused on developing NAND flash controllers for solid-state storage devices, generating approximately $814.77 million.

Dividend Yield: 3.8%

Silicon Motion Technology's dividend payments have been inconsistent over the past decade, with a low payout ratio of 31.5% indicating earnings coverage, though cash flow coverage is tighter at 82.9%. The company recently affirmed an annual dividend of US$2.00 per ADS, despite lowering its earnings guidance for Q4 2024 to the lower end of US$191 million to US$202 million. While dividends have grown over ten years, they remain below top-tier yields in the U.S. market.

• Take a closer look at Silicon Motion Technology's potential here in our dividend report.
• The analysis detailed in our Silicon Motion Technology valuation report hints at an deflated share price compared to its estimated value.

Chevron

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

Overview: Chevron Corporation operates integrated energy and chemicals businesses both in the United States and internationally, with a market cap of approximately $290.18 billion.

Operations: Chevron Corporation's revenue segments include Upstream operations in the United States ($44.64 billion) and internationally ($44.43 billion), as well as Downstream activities in the United States ($83.06 billion) and internationally ($76.77 billion).

Dividend Yield: 4%

Chevron maintains a reliable dividend, currently at 4.04%, with stable growth over the past decade. Its dividends are well-covered by earnings and cash flows, evidenced by payout ratios of 70.3% and 62.5%, respectively. Despite recent declines in profit margins from 12.5% to 8.7%, Chevron continues to invest in projects like the Whale platform in the Gulf of Mexico, which could support future revenue streams and dividend sustainability amidst changing executive leadership dynamics.

• Dive into the specifics of Chevron here with our thorough dividend report.
• According our valuation report, there's an indication that Chevron's share price might be on the cheaper side.

Taking Advantage

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Curious About Other Options?

• Explore high-performing small cap companies that haven't yet garnered significant analyst attention.
• Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management.
• Find companies with promising cash flow potential yet trading below their fair value.

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:UNB NasdaqGS:SIMO and NYSE:CVX.

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