5 Best Bank Dividend Stocks to Buy Now

4. First Hawaiian, Inc. (NASDAQ:FHB)

Dividend Yield as of October 31: 4.04%

First Hawaiian, Inc. (NASDAQ:FHB) is a Hawaii-based bank holding company and one of the country’s largest financial institutions. In Q3 2022, the company reported revenue of $208.6 million, which showed a 14.2% growth from the same period last year. Its net income for the quarter came in at $69 million.

Though First Hawaiian, Inc. (NASDAQ:FHB) hasn’t raised its dividends since 2018, the company paid regular dividends to shareholders throughout this period. It currently pays a quarterly dividend of $0.26 per share and has a dividend yield of 4.04%, as of October 31. Its dividend payout ratio of 48% makes it one of the best dividend stocks on our list.

At the end of Q2 2022, 17 hedge funds tracked by Insider Monkey owned stakes in First Hawaiian, Inc. (NASDAQ:FHB), up from 15 in the previous quarter. These stakes have a consolidated value of over $92.8 million. Yacktman Asset Management owned the largest stake in the company in Q2.