5 Best Regional Bank Dividend Stocks to Buy

4. Truist Financial Corporation (NYSE:TFC)

Number of Hedge Fund Holders: 48

Truist Financial Corporation (NYSE:TFC) is next on our list of the best dividend stocks from the regional bank sector. On July 25, the announced its quarterly dividend of $0.52 per share, which remained unchanged from its previous dividend. The company’s shares offer a dividend yield of 6.24%, as of July 26. The company has been regularly paying dividends to shareholders for a long time now. As of Q2 2023, its dividend payout ratio came in at 56%.

In the second quarter of 2023, Truist Financial Corporation (NYSE:TFC) generated roughly $6 billion in revenues, which showed a 5.1% increase from the same period last year. Its net interest income for the quarter stood at $2.29 billion, growing slightly from $2.25 billion in Q2 2022.

As of the close of Q1 2023, 48 hedge funds in Insider Monkey’s database reported having stakes in Truist Financial Corporation (NYSE:TFC), up from 44 in the preceding quarter. These stakes are collectively worth over $1 billion.