5 Best Long-Term Dividend Stocks with Over 4% Yield

1. Northwest Bancshares, Inc. (NASDAQ:NWBI)

Dividend Yield as of April 4: 5.98%

Number of Years of Consecutive Dividend Increases: 13

Number of Hedge Fund Holders: 13

Northwest Bancshares, Inc. (NASDAQ:NWBI) was founded in 1896 and is headquartered in Columbus, Ohio, operating as the holding company for Northwest Bank. Northwest Bancshares, Inc. (NASDAQ:NWBI) has consistently raised its dividends for 13 years in a row. 

The average yield for the financial sector is 3.18%, and Northwest Bancshares, Inc. (NASDAQ:NWBI) exceeds the industry average with a yield of 5.98% as of April 4. The company announced a $0.20 per share quarterly dividend on January 20, which was paid to shareholders on February 14. 

The full-year revenue of Northwest Bancshares, Inc. (NASDAQ:NWBI) for 2021 came in at $546 million, up from $440 million in the previous year. The net income for 2021 stood at $154.3 million, compared to $74.9 million in 2020. The cash flow also increased to $1.2 billion in 2021 from $736.3 million in 2020, enabling the company to likely continue its increasing dividend payments in the near future. 

According to Insider Monkey’s Q4 data, 13 hedge funds were bullish on Northwest Bancshares, Inc. (NASDAQ:NWBI), with combined stakes of approximately $12 million. John Overdeck and David Siegel’s Two Sigma Advisors held the largest position in the company, with 224,540 shares worth over $3 million.

You can also take a look at 10 Most Anticipated IPOs of 2022 and 10 Undervalued Small-Cap Stocks to Buy Now. 

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