5 Best Bank Dividend Stocks To Buy Now

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In this article, we discuss 5 best bank dividend stocks to buy now. If you want to read our detailed analysis of the banking sector and the performance of bank stocks, go directly to read 14 Best Bank Dividend Stocks To Buy Now.

5. American Express Company (NYSE:AXP)

Number of Hedge Fund Holders: 74

American Express Company (NYSE:AXP) is an American bank holding company that provides a range of products and services in the payment industry. The company has a 34-year run of paying regular dividends to shareholders, which makes AXP one of the best dividend stocks on our list. It currently pays a quarterly dividend of $0.60 per share and has a dividend yield of 1.33%, as of December 17.

At the end of Q3 2023, 74 hedge funds tracked by Insider Monkey held investments in American Express Company (NYSE:AXP), up from 73 in the previous quarter. The total value of stakes owned by these hedge funds is over $25.6 billion. Among these hedge funds, Berkshire Hathaway was the company’s leading stakeholder in Q3.

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