5 Best Dividend Stocks to Buy According to Bernard Horn’s Polaris Capital Management

4. Webster Financial Corporation (NYSE:WBS)

Dividend Yield as of June 29: 3.68%
Polaris Capital Management’s Stake Value: $67,740,000

Webster Financial Corporation (NYSE:WBS) is an American commercial bank that delivers financial solutions to businesses, individuals, and partners. The company is one of the oldest holdings of Polaris Capital, being a part of its portfolio since 2010. At the end of Q1 2022, the hedge fund owned over 1.2 million WBS shares, worth $67.7 million. The company accounted for 2.43% of Bernard Horn’s portfolio.

Webster Financial Corporation (NYSE:WBS) hasn’t raised its dividend since 2019 but continued paying regular dividends to shareholders over this period. The company’s current dividend stands at $0.40 per share, with a yield of 3.68%, as of June 29.

The number of hedge funds tracked by Insider Monkey owning stakes in Webster Financial Corporation (NYSE:WBS)  grew to 34 in Q1, from 25 in the previous quarter. The consolidated value of these stakes is over $706 million, up from $506.7 million worth of stakes held by hedge funds in Q4 2021.