5 Best Bank Dividend Stocks to Buy Now

3. Citizens Financial Group, Inc. (NYSE:CFG)

Dividend Yield as of October 31: 4.09%

An American bank holding company, Citizens Financial Group, Inc. (NYSE:CFG) has raised its dividends at a CAGR of 20.41% in the last five years. The company pays a quarterly dividend of $0.42 per share and has a dividend yield of 4.09%, as recorded on October 31.

In its recently announced Q3 2022 earnings, Citizens Financial Group, Inc. (NYSE:CFG) posted revenue of $2.17 billion, up 31.5% from the same period last year. The company’s average loans and average deposits were up 2% and 1% from the previous quarter, respectively.

Morgan Stanley reiterated its Overweight rating on Citizens Financial Group, Inc. (NYSE:CFG) in October with a $48 price target, appreciating the company’s consistent loan growth and strong fundamentals.

The number of hedge funds tracked by Insider Monkey owning stakes in Citizens Financial Group, Inc. (NYSE:CFG) grew to 43 in Q2 2022, from 41 in the previous quarter. These stakes have a collective value of over $525.2 million.