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

2. First American Financial Corporation (NYSE:FAF)

Number of Hedge Fund Holders: 30
Dividend Yield as of February 24: 3.13%
Lakewood Capital’s Stake Value: $93,454,000

First American Financial Corporation (NYSE:FAF), an American financial services company, announced a raise to its quarterly dividend in November, with shareholder payouts increasing by 11% to $0.51 per share. The stock’s dividend yield stands at 3.13% as of February 24. First American Financial Corporation (NYSE:FAF) has increased its dividend at a CAGR of 11.2% over the past five years, earning its place as one of the best dividend stocks in Anthony Bozza’s portfolio.

The number of hedge funds tracked by Insider Monkey holding stakes in First American Financial Corporation (NYSE:FAF) stood at 30 at the end of Q4, up from 29 in the previous quarter. Lakewood was one of those funds, owning 1.19 million shares, a drop of 13% quarter-over-quarter.

According to Barclays, the finance sector and investment income are well-positioned to benefit from rising rates. Considering this, the firm raised its price target on First American Financial Corporation (NYSE:FAF) to $92 in February, with an ‘Overweight’ rating on the shares.