5 Stocks with Over 15 Years of Dividend Hikes

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

Number of Hedge Fund Holders: 24

Number of Years of Dividend Increases: 28

Dividend Yield: 4.12%

During the second quarter of 2021, Compass Point analyst David Rochester raised his price target on People’s United Financial, Inc. (NASDAQ:PBCT) to $19.50 from $18.50 and reiterated a Neutral rating on the shares. The analyst remains positive on bank stocks post the first-quarter reporting season.

People’s United Financial, Inc. (NASDAQ:PBCT) has a forward PE ratio of 12.95. The stock has gained 2.36% over the past six months, and 38.07% year to date. As of the second quarter of 2021, People’s United Financial, Inc. (NASDAQ:PBCT) reported earnings per share of $0.41, beating estimates by $0.08. The company generated revenues of $479.9 million for the same quarter.