5 Best Bank Dividend Stocks To Buy Now

4. Citigroup Inc. (NYSE:C)

Number of Hedge Fund Holders: 81
Dividend Yield as of March 17: 4.47%

Citigroup Inc. (NYSE:C) is a New York-based multinational investment banking company. In January, BofA raised its price target on the stock to $60 with a Buy rating on the shares, noting the company’s performance in the last 12 months.

Citigroup Inc. (NYSE:C), one of the best bank dividend stocks to buy, currently offers a quarterly dividend of $0.51 per share. The stock’s dividend came in at 4.47% on March 17.

At the end of Q4 2022, 81 hedge funds tracked by Insider Monkey owned stakes in Citigroup Inc. (NYSE:C), compared with 85 in the preceding quarter. The collective value of these stakes is nearly $7.5 billion. With over 55 million shares, Berkshire Hathaway was the company’s leading stakeholder in Q4.

Diamond Hill Capital mentioned Citigroup Inc. (NYSE:C) in its Q1 2022 investor letter. Here is what the firm has to say:

“Shares of Citigroup declined in the quarter as investors became increasingly negative on capital markets activity. The company is also continuing to divest certain consumer banking geographies which may be dilutive to earnings in the near term.”