5 Best High Dividend Stocks to Buy Now

3. AllianceBernstein Holding L.P. (NYSE:AB)

Dividend yield as of March 2: 8.70%

Number of Hedge Fund Holders: 5

Another high dividend stock from the financial sector followed by market analysts and hedge funds is investment management firm AllianceBernstein Holding L.P. (NYSE:AB). The New York-based investment manager pays its shareholders an annual dividend of $3.90 per share. In the last five years, AllianceBernstein Holding L.P. (NYSE:AB) has increased its dividend at an average rate of 15.23%.

AllianceBernstein Holding L.P. (NYSE:AB) had $751 billion in assets under management as of January 2022. In addition, the company provides its clients with business research and trading services, which contributed $452 million to total revenue in 2021. During the fourth quarter of 2021, 5 hedge funds had a total investment of $32.4 million in AllianceBernstein Holding L.P. (NYSE:AB), according to Insider Monkey’s 13F filings. 

AllianceBernstein Holding L.P. (NYSE:AB) is likewise favored by market analysts. Citi analyst William Katz boosted his price objective for the financial stock to $64.50 from $62 in January. Katz maintained his Buy rating on the stock.