5 Best Regional Bank Dividend Stocks to Buy

2. Truist Financial Corporation (NYSE:TFC)

Number of Hedge Fund Holders: 47

Truist Financial Corporation (NYSE:TFC) pays a quarterly dividend of $0.52 per share and has raised its dividends for eight years in a row. The American financial services company generated $5.76 billion in revenues in the fourth quarter of 2023, which beat analysts’ estimates by $50 million. With a dividend yield of 5.86% as of February 7, TFC is one of the best dividend stocks on our list.

The number of hedge funds tracked by Insider Monkey owning stakes in Truist Financial Corporation (NYSE:TFC) grew to 47 in Q3 2023, from 42 in the preceding quarter. These stakes have a total value of more than $976.2 million. Among these hedge funds, Diamond Hill Capital was the company’s leading stakeholder in Q3.

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