5 Best Financial Dividend Stocks To Invest In

In this article, we discuss 5 best financial dividend stocks to invest in. If you want to read our detailed analysis of the financial sector and its performance in the past, go directly to read 13 Best Financial Dividend Stocks To Invest In.

5. The Charles Schwab Corporation (NYSE:SCHW)

Number of Hedge Fund Holders: 88

The Charles Schwab Corporation (NYSE:SCHW) is an American financial services company that mainly operates in the investment and brokerage sector. On July 28, the company declared a quarterly dividend of $0.25 per share, which was in line with its previous dividend. With a dividend yield of 1.73% as of August 23, SCHW is one of the best dividend stocks on our list.

In the second quarter of 2023, The Charles Schwab Corporation (NYSE:SCHW) reported revenue of $4.66 billion, which beat analysts’ estimates by $45 million. Its total client assets exceeded $8 trillion.

At the end of Q2 2023, 88 hedge funds in Insider Monkey’s database reported having stakes in The Charles Schwab Corporation (NYSE:SCHW), up from 87 in the previous quarter. The collective value of these stakes is over $4 billion.

Weitz Investment Management mentioned The Charles Schwab Corporation (NYSE:SCHW) in its Q2 2023 investor letter. Here is what the firm has to say:

“Lastly, we elected to sell our shares of The Charles Schwab Corporation (NYSE:SCHW) as the regional bank crisis unfolded during the first quarter. That sale crystalized underperformance that will likely linger on our top detractor list as we move through the year, despite no longer impacting our forward-looking performance.”