5 Cheap Dividend Aristocrats to Buy Now

3. People’s United Financial, Inc. (NASDAQ: PBCT)

Number of Hedge Fund Holders: 24
Dividend Yield: 4.51%
Number of Years of Consistent Dividend Increases: 29

Share Price as of August 26: $16.48

People’s United Financial, Inc. (NASDAQ: PBCT), a bank holding company, is next on our list of cheap dividend aristocrats to buy now, ranking 3rd. The company owns People’s United Bank, which operates about 403 branches in the US.

As of this May, analysts at Compass Point hold a Neutral rating on People’s United Financial, Inc. (NASDAQ: PBCT), alongside a $19.50 price target.

In the second quarter of 2021, People’s United Financial, Inc. (NASDAQ: PBCT) had an EPS of $0.41, beating estimates by $0.08. The company’s revenue was $479.90 million but missed estimates by $17.70 million. People’s United Financial, Inc. (NASDAQ: PBCT) has gained 28.05% year to date and 57.55% in the past year.

By the end of the second quarter of 2021, 24 hedge funds out of the 873 tracked by Insider Monkey held stakes in People’s United Financial, Inc. (NASDAQ: PBCT) worth roughly $219 million. This is compared to 20 hedge funds in the previous quarter with a total stake value of approximately $208 million.