13 Best Financial Sector Dividend Stocks to Invest In

8. The Charles Schwab Corporation (NYSE:SCHW)

Number of Hedge Fund Holders: 99

Dividend Yield as of November 28: 1.16%

The Charles Schwab Corporation (NYSE:SCHW) is one of the best dividend stocks in the financial sector. On November 7, Barclays analyst Benjamin Budish assigned a Buy rating on Charles Schwab, setting $115 as the price target.

In a separate business update, SCHW disclosed on November 14 that it has authorized senior notes worth $2 billion.

The notes constitute $1 billion of 4.343% fixed-to-floating senior notes set to mature in 2031 and another $1 billion of 4.914% notes maturing in 2036. After accounting for all expenses, the notes raised about $1.986 billion in net proceeds.

The Bank of New York Mellon Trust Company was the trustee for this transaction, while BofA Securities, Citigroup Global Markets, Goldman Sachs, J.P. Morgan Securities, and Wells Fargo Securities represented the underwriters.

The Charles Schwab Corporation (NYSE:SCHW) is a financial giant that offers a range of services, including wealth management, brokerage, banking, asset management, custody, and advisory in the United States and internationally.