5 Best Dividend Stocks According to Anthony Bozza’s Lakewood Capital

4. Ally Financial Inc. (NYSE:ALLY)

Number of Hedge Fund Holders: 48
Dividend Yield as of February 24: 2.49%
Lakewood Capital’s Stake Value: $62,884,000

In Q4 2021, Lakewood Capital increased its stake in Ally Financial Inc. (NYSE:ALLY) by 27% to 1.32 million shares worth $62.9 million. The American bank holding company accounted for 2.66% of Anthony Bozza’s portfolio.

Insider Monkey’s Q4 data showed that the number of hedge funds holding long positions in Ally Financial Inc. (NYSE:ALLY) declined to 48 from 57 during the quarter,. with the total worth of those stakes standing at $2.4 billion.

Ally Financial Inc. (NYSE:ALLY) announced a 20% boost to its quarterly dividend on January 11. The company currently pays a quarterly dividend of $0.30 per share, with a dividend yield of 2.49% as of February 24. The company’s 5-year dividend CAGR stands at 44%, which makes it one of the best dividend stocks in Anthony Bozza’s portfolio. In January, JPMorgan set a $56 price target on Ally Financial Inc. (NYSE:ALLY), with a ‘Neutral’ rating on the shares.