5 Best November Dividend Stocks To Buy

Below we present the list of 5 Best November Dividend Stocks To Buy. For our methodology and a more comprehensive list please see the 10 Best November Dividend Stocks To Buy.

5. Citizens Financial Group Inc (NYSE:CFG)

Number of Hedge Fund Shareholders: 43

November 16 Dividend Payout: $0.42

Despite its dividend growth stalling in 2021, Citizens Financial Group Inc (NYSE:CFG) has boosted its dividend at a 22.4% CAGR over the last five years, raising it by 350% since 2016. That’s pushed the stock’s yield up to a strong 4.1%, which is still comfortably supported by a 33% payout ratio.

Higher interest rates helped Citizens Financial Group Inc (NYSE:CFG) grow its net interest income and net interest margin during Q3 as the company beat revenue and EPS estimates. Its $2.18 billion in revenue beat estimates by $50 million, while its underlying EPS of $1.30 topped consensus by $0.08. Bank stocks have generally performed poorly this year over fears of how they’ll perform during a recession, but as this isn’t a bank-driven recession per se as it largely was in 2008-2009, those fears may be overblown.

Hedge fund ownership of Citizens Financial Group Inc (NYSE:CFG) has risen for three straight quarters, hitting its highest level in two years during Q2. Nonetheless, smart money ownership remains well below 2015 levels. Ken Griffin’s Citadel Investment Group made a major addition to its CFG holding during Q2, ending the quarter with 2.28 million shares.