Top U.S. Dividend Stocks to Consider in December 2024

U.S. markets saw significant gains as Santa Claus rallies began, with major indexes such as the Nasdaq Composite and S&P 500 showing promising gains, hinting that 2024 is just around the corner. Stocks continue to attract attention for their potential to provide stable income amid market volatility.

Click here to see the full list of 152 stocks in our Top U.S. Dividend Stocks Screener.

Let’s review some noteworthy picks among the stocks we screened.

Simple Wall Street Dividend Rating: ★★★★★☆

Overview: Omega Flex, Inc., with a market capitalization of $430.02 million, manufactures and sells metal hose and accessories in North America and internationally.

operations: Omega Flex, Inc. generated $102.86 million in revenue 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, most recently announcing a quarterly dividend of $0.34 per share for the fourth quarter of 2024. Earnings payments (dividend yield: 74.2%)) and cash flow (cash payout ratio: 64.2%). The dividend yield is solid at 3.19%, and while it’s not the highest in the U.S. market, Omega Flex trades at a discount of 23.1% to its estimated fair value.

Simple Wall Street Dividend Rating: ★★★★★★

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

operations: Columbia Banking System, Inc.’s revenue comes primarily from its banking segment, which generated $1.83 billion in revenue.

Dividend Yield: 5.2%

Colombian Banking System has consistently increased its dividend over the past decade, with the current quarterly dividend of $0.36 per share. The dividend yield is 5.22%, ranking among the top 25% of U.S. dividend payers. Although net charge-offs recently rose to $29.12 million in the third quarter of 2024, earnings grew significantly by 43.1% over the past year, supporting a sustainable payout ratio of 62%.

The story continues

Simple Wall Street Dividend Rating: ★★★★★☆

Overview: OZK Bank provides a range of retail and commercial banking services to individuals and businesses throughout the United States and has a market capitalization of approximately $5.07 billion.

operations: OZK Bank generates revenue primarily through its community banking segment, which generated revenue of $1.46 billion.

Dividend Yield: 3.7%

OZK Bank recently increased its quarterly dividend to $0.41 per share, reflecting continued growth over the past decade. Dividends are fully covered by earnings, with a dividend yield of 25.2%, ensuring sustainability and reliability. Despite profit growth of 4.7% last year, OZK Bank has maintained a stable financial position, with net interest income rising to $389.4 million in the third quarter of 2024, supporting continued dividend payments and potential future growth.

This article from Simply Wall St is general in nature. We only use unbiased methodologies to provide commentary based on historical data and analyst forecasts, and our articles are not intended to provide financial advice. It does not constitute a recommendation to buy or sell any stock and does not take into account your objectives or your financial situation. Our goal is to provide you with long-term focused analysis driven by fundamental data. Please note that our analysis may not take into account the latest price-sensitive company announcements or qualitative information. Simply Wall St has no position in any of the stocks mentioned.

Companies discussed in this article include NasdaqGM:OFLX NasdaqGS:COLB and NasdaqGS:OZK.

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