As major U.S. indexes experience a downturn, with technology stocks leading the slide and Treasury yields reaching new highs, investors are increasingly seeking stability amidst market volatility. In such an environment, dividend stocks can offer a reliable income stream and potential for capital appreciation, making them an attractive consideration for those looking to balance risk in their portfolios.
We’re going to check out a few of the best picks from our screener tool.
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: CB Financial Services, Inc., with a market cap of $144.69 million, operates as the bank holding company for Community Bank, offering a range of banking products and services to individuals and businesses in southwestern Pennsylvania, West Virginia, and Ohio.
Operations: CB Financial Services, Inc. generates revenue primarily through its Community Bank segment, which accounts for $41.13 million, and also includes contributions of $4.62 million from CB Financial Services, Inc., with adjustments totaling $26.92 million.
Dividend Yield: 3.5%
CB Financial Services has a stable 10-year dividend history, with a reliable yield of 3.5% and a low payout ratio of 22.8%, indicating dividends are well covered by earnings. However, future earnings are forecasted to decline significantly, which may impact long-term sustainability. Recent events include the declaration of a US$0.25 quarterly dividend and business expansions in Pennsylvania, but net income showed slight declines compared to the previous year despite increased net interest income.
NasdaqGM:CBFV Dividend History as at Oct 2024
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Hanmi Financial Corporation, with a market cap of $603.91 million, operates as the holding company for Hanmi Bank, offering business banking products and services in the United States.
Operations: Hanmi Financial Corporation’s revenue is primarily derived from its business banking products and services offered through Hanmi Bank in the United States.
Dividend Yield: 4.6%
Hanmi Financial’s dividend yield of 4.64% ranks among the top 25% in the US market, supported by a low payout ratio of 48%, indicating dividends are well-covered by earnings. Despite past volatility and an unreliable dividend history, recent quarterly dividends have been consistent at US$0.25 per share. Recent earnings showed a decline, with third-quarter net income at US$14.89 million compared to last year’s US$18.8 million, potentially affecting future payouts if trends continue.
NasdaqGS:HAFC Dividend History as at Oct 2024
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Bar Harbor Bankshares, with a market cap of $465.49 million, operates as the holding company for Bar Harbor Bank & Trust, offering banking and nonbanking products and services primarily to consumers and businesses.
Operations: Bar Harbor Bankshares generates revenue through its provision of a range of financial products and services, catering to both individual consumers and business clients.
Dividend Yield: 3.6%
Bar Harbor Bankshares offers a dependable dividend, consistently growing over the past decade with stability. The recent quarterly dividend of US$0.30 per share is well-covered by earnings, reflected in a low payout ratio of 41.5%. Despite its yield being lower than top-tier payers at 3.64%, it remains attractive for income investors due to its reliability and sustainability. Recent earnings showed slight growth, with net income rising to US$12.19 million from US$11.1 million year-over-year.
NYSEAM:BHB Dividend History as at Oct 2024
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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 NasdaqGM:CBFV NasdaqGS:HAFC and NYSEAM:BHB.
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