5 Dividend Aristocrats to Buy for 2022

In this article, we discuss the 5 dividend aristocrats to buy for 2022. If you want our detailed analysis of these stocks, go directly to the 10 Dividend Aristocrats to Buy for 2022.

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

Number of Hedge Fund Holders: 19

Dividend Yield: 4.14%

Number of Years of Consecutive Dividend Growth: 28

People’s United Financial, Inc. (NASDAQ:PBCT), a bank holding company offering financial services including personal banking, credit cards, mortgages, loans, investment, and insurance solutions, is one of the best dividend aristocrats to buy for 2022, with a forward yield of 4.14%. 

Out of the 867 hedge funds monitored by Insider Monkey in Q3, 19 funds were long People’s United Financial, Inc. (NASDAQ:PBCT), with total stakes amounting to $222.65 million. Alec Litowitz and Ross Laser’s Magnetar Capital is the largest stakeholder of People’s United Financial, Inc. (NASDAQ:PBCT), with 6.35 million shares worth over $111 million. 

People’s United Financial, Inc. (NASDAQ:PBCT), on October 21, posted its Q3 results. EPS in the quarter equaled $0.33, beating estimates by $0.01. The quarterly revenue totaled $470.70 million, missing estimates by $6.78 million. 

M&T Bank Corporation (NYSE:MTB) announced on October 21 that it has received approval from the New York State Department of Financial Services and the Connecticut Department of Banking to complete the merger of M&T Bank Corporation (NYSE:MTB) with People’s United Financial, Inc. (NASDAQ:PBCT), which will allow customers an expanded network of branches and an increased array of products and services.