3 Reliable Dividend Stocks Yielding At Least 3%

Despite a recent U.S. government shutdown and unexpected job losses, major stock indexes like the Dow Jones Industrial Average have shown resilience, with the S&P 500 and Nasdaq maintaining upward momentum. In such an unpredictable environment, dividend stocks yielding at least 3% can offer stability and income potential for investors seeking reliable returns amidst market volatility.

Click here to see the full list of 126 stocks from our Top US Dividend Stocks screener.

Let’s uncover some gems from our specialized screener.

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

Overview: CB Financial Services, Inc. is the bank holding company for Community Bank, offering a range of banking products and services to individuals and businesses in southwestern Pennsylvania and West Virginia, with a market cap of $167.32 million.

Operations: CB Financial Services, Inc. generates revenue primarily through its Community Banking Services segment, which accounted for $50.82 million.

Dividend Yield: 3.1%

CB Financial Services offers a reliable dividend with a stable track record over the past decade, supported by a low payout ratio of 44%. While its dividend yield of 3.13% is below the top tier in the US market, recent earnings growth and inclusion in the S&P Global BMI Index highlight its potential. The company announced a $5 million share buyback program and increased its quarterly dividend by 4%, reflecting confidence in financial stability.

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

Overview: NBT Bancorp Inc. is a financial holding company offering commercial banking, retail banking, and wealth management services with a market cap of $2.19 billion.

Operations: NBT Bancorp Inc. generates revenue through its commercial banking, retail banking, and wealth management services.

Dividend Yield: 3.5%

NBT Bancorp’s dividend has grown consistently over 13 years, recently increasing by $0.03 to $0.37 per share. Despite a reliable 3.54% yield, it’s below the top US dividend payers’ average of 4.42%. The payout ratio is a manageable 49%, indicating coverage by earnings, though significant insider selling raises concerns. Recent financials show mixed results with net income declining but net interest income rising, suggesting potential for future growth amidst current challenges.

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

Overview: Lear Corporation operates as a designer, developer, engineer, manufacturer, assembler, and supplier of automotive seating and electrical distribution systems for original equipment manufacturers across North America, Europe, Africa, Asia, and South America with a market cap of approximately $5.33 billion.

Operations: Lear Corporation’s revenue segments consist of $16.93 billion from Seating and $5.98 billion from e-Systems.

Dividend Yield: 3.1%

Lear Corporation’s dividend of $0.77 per share is well-covered by earnings and cash flows, with payout ratios of 35.7% and 34.3% respectively, indicating sustainability despite a historically volatile track record. The dividend yield at 3.06% lags behind top US payers but remains attractive due to solid earnings coverage. Recent strategic expansions, such as the partnership with Palantir Technologies, enhance operational efficiency and cost savings, potentially supporting future dividend stability amidst fluctuating financial performance and insider selling activities.

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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 CBFV NBTB and LEA.

This article was originally published by Simply Wall St.

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