5 Best American Dividend Stocks to Buy Now

2. Simmons First National Corporation (NASDAQ:SFNC)

Dividend Yield as of October 4: 3.42%

Simmons First National Corporation (NASDAQ:SFNC) is an American financial holding company that provides banking and other financial products and services to its consumers. In Q2 2022, the company posted an operating cash flow of over $117.3 million, compared with $60.5 million in the previous quarter. Its free cash also jumped to $107.4 million, from $53.3 million in the preceding quarter. The company’s revenue showed a 19.6% year-over-year growth at $225.4 million.

Simmons First National Corporation (NASDAQ:SFNC) has been making consecutive dividend payments for the past 113 years, which makes it one of the best dividend stocks on our list. In addition to this, the company has been raising its payouts for the past 10 years. It pays a quarterly dividend of $0.19 per share, with a dividend yield of 3.42%, as of October 4.

At the end of Q2 2022, 17 hedge funds in Insider Monkey’s database owned stakes in Simmons First National Corporation (NASDAQ:SFNC), up from 11 in the previous quarter. The total value of these stakes is over $42.4 million. Among these hedge funds, Citadel Investment Group owned the largest position in the company.