Redditors Love These 5 Under-The-Radar Dividend Stocks

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

Dividend Yield as of September 20: 4.56%

Citizens Financial Group, Inc. (NYSE:CFG) is an American financial services company that provides banking, credit card, and loan-related services to its consumers. In Q2 2022, the company reported revenue of nearly $2 billion, which showed a 23.6% growth from the same period last year. Its pre-provision net revenue also grew by 45% quarter-over-quarter to $850 million. The company’s management authorized the repurchase of its common stocks worth $1 billion.

According to a Reddit community, Citizens Financial Group, Inc. (NYSE:CFG) has shown strong loan growth and dividend hikes over the past few years. The bank’s performance has also remained stable during the pandemic, compared with other larger banks in the US. It has raised its dividends at a CAGR of 22.35% in the last five years. On July 19, the company declared a 7.7% hike in its quarterly dividend to $0.42 per share. As of September 20, this under-the-radar dividend stock’s yield came in at 4.56%.

In September, Deutsche Bank maintained its Buy rating on Citizens Financial Group, Inc. (NYSE:CFG) with a $50 price target, presenting a positive outlook on the company’s performance.

The number of hedge funds tracked by Insider Monkey owning stakes in Citizens Financial Group, Inc. (NYSE:CFG) grew to 43 in Q2 2022, from 41 in the previous quarter. These stakes hold a consolidated value of $525.2 million.