Top US Dividend Stocks To Consider In September 2024

As of mid-September 2024, the U.S. stock market has been experiencing a significant rally, with major indices like the S&P 500 and Nasdaq Composite wrapping up their best week of the year. This positive momentum comes amidst investor anticipation of potential interest rate cuts by the Federal Reserve. In such an environment, dividend stocks can offer a reliable source of income and stability. Here are three top U.S. dividend stocks to consider in September 2024.

Top 10 Dividend Stocks In The United States

Click here to see the full list of 181 stocks from our Top US Dividend Stocks screener.

Let’s dive into some prime choices out of the screener.

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

Overview: Ramaco Resources, Inc. develops, operates, and sells metallurgical coal with a market cap of approximately $540.92 million.

Operations: Ramaco Resources generates $717.69 million in revenue from its Metals & Mining – Coal segment.

Dividend Yield: 4.8%

Ramaco Resources offers a stable dividend with a low payout ratio of 45.9%, ensuring coverage by both earnings and cash flows. Despite recent decreases in net income, the company maintains its dividend payments, albeit only for three years. The stock’s yield is in the top 25% of US market payers, but its short track record and recent drop from several Russell indices may concern some investors seeking long-term reliability.

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

Overview: Ethan Allen Interiors Inc. operates as an interior design company, and manufacturer and retailer of home furnishings in the United States and internationally, with a market cap of $783.29 million.

Operations: Ethan Allen Interiors Inc. generates revenue from its Retail segment ($540.55 million) and Wholesale segment ($371.09 million), with an inventory profit elimination of -$265.42 million.

Dividend Yield: 6.4%

Ethan Allen Interiors’ dividend yield is in the top 25% of US market payers, supported by a payout ratio of 58.8% and a cash payout ratio of 70.6%. Despite earnings forecasted to decline slightly over the next three years, the company declared both regular and special dividends recently. However, its dividend history has been volatile over the past decade, posing potential concerns for investors seeking stable income streams.

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

Overview: Haverty Furniture Companies, Inc. is a specialty retailer of residential furniture and accessories in the United States with a market cap of $441.86 million.

Operations: Haverty Furniture Companies, Inc. generates $793.72 million from its home furnishings retailing segment.

Dividend Yield: 8.4%

Haverty Furniture Companies’ dividend yield ranks in the top 25% of US payers, with a payout ratio of 50.9% and a cash payout ratio of 81.3%, indicating solid coverage by earnings and cash flows. Despite a history of volatile dividends, the company has consistently paid dividends since 1935. Recent financials show declining sales and net income, which may impact future payouts despite recent affirmations of dividend payments at $0.32 per share for common stock.

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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 NasdaqGS:METC NYSE:ETD and NYSE:HVT.

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