5 Finance Stocks that Pay Dividends

4. Citizens Financial Group, Inc. (NYSE: CFG)

Number of Hedge Fund Holders: 41
Dividend Yield: 3.7%

Citizens Financial Group, Inc. (NYSE: CFG), a US-based bank founded in 1828, ranks 4th on our list of finance stocks that pay dividends. The bank operates mainly in Connecticut, Delaware, Maine, Massachusetts, Michigan, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, and Vermont.

This July, Jill Shea from Citigroup took over coverage of shares of Citizens Financial Group, Inc. (NYSE: CFG) with a Neutral Rating, Shea has also commented that there is reason to be positive on the performance and improvement in returns for regional banks.

In the second quarter of 2021, Citizens Financial Group, Inc. (NYSE: CFG) had an EPS of $1.46, beating estimates by $0.32. The company’s revenue was $1.61 billion, but missing estimates by $20.36 million. Citizens Financial Group, Inc. (NYSE: CFG) has also gained 6.55% in the past 6 months and 21.42% year to date.

By the end of the first quarter of 2021, 41 hedge funds out of the 866 tracked by Insider Monkey held stakes in Citizens Financial Group, Inc. (NYSE: CFG) worth roughly $579 million. This is compared to 38 hedge funds in the previous quarter with a total stake value of approximately $453 million.