5 Best Dividend Aristocrats with Over 4% Yield

4. People’s United Financial, Inc. (NASDAQ: PBCT)

Number of Hedge Fund Holders: 20
Dividend Yield: 4.65%
Number of Years of Consistent Dividend Growth: 29

People’s United Financial, Inc. (NASDAQ: PBCT), the bank holding company for People’s United Bank, National Association, offers commercial banking, retail banking, and wealth management services to customers. The company ranks 4th on our list of the best dividend aristocrats with over 4% yield.

David Rochester, an analyst at Compass Point, raised his price target on People’s United Financial, Inc. (NASDAQ: PBCT) shares this May. The new price target is $19.50, up $1 from the price target of $18.50. Rochester has also retained his Neutral rating on the company’s shares.

In the second quarter of 2021, People’s United Financial, Inc. (NASDAQ: PBCT) had an EPS of $0.41, beating estimates by $0.08. The company’s revenue was $479.90, but missing estimates by $17.70 million. People’s United Financial, Inc. (NASDAQ: PBCT) has also gained 11.19% in the past 6 months and 21.99% year to date.

By the end of the first quarter of 2021, 20 hedge funds out of the 866 tracked by Insider Monkey held stakes in People’s United Financial, Inc. (NASDAQ: PBCT) worth roughly $208 million. This is compared to 29 hedge funds in the previous quarter with a total stake value of approximately $122 million.