Dividend Achievers List Ranked By Yield: Top 10

8. Financial Institutions, Inc. (NASDAQ:FISI)

Dividend Yield as of December 19: 4.83%

Financial Institutions, Inc. (NASDAQ:FISI) is a bank holding company, based in New York, US. The company provides diversified financial services to its consumers. The company currently pays a quarterly dividend of $0.29 per share and has a dividend yield of 4.83%, as of December 19. It holds a 12-year track record of consistent dividend growth.

In Q3 2022, Financial Institutions, Inc. (NASDAQ:FISI) reported revenue of $55.7 million, which showed a 10.6% growth from the same period last year. At the end of September, the company had $118.5 million in cash and cash equivalents, compared with $109.7 million three months ago. It also paid 33% of its third-quarter net income to shareholders through dividends, which makes it one of the best dividend stocks to buy.

As per Insider Monkey’s Q3 database, Financial Institutions, Inc. (NASDAQ:FISI) was a part of 9 hedge fund portfolios, compared with 8 in the previous quarter. The stakes owned by these hedge funds have a total value of over $18.2 million. Among these hedge funds, Renaissance Technologies was the company’s leading stakeholder in Q3.