10 Best Affordable Dividend Stocks to Buy According to Hedge Funds

5. Citigroup Inc. (NYSE:C)

Number of Hedge Fund Holders: 101

Forward P/E Ratio as of February 26: 10.35

Citigroup Inc. (NYSE:C) is an American multinational investment banking company that offers related services and products to its consumers. In fiscal year 2024, saw its net income rise by nearly 40% to $12.7 billion, surpassing its annual revenue target. This growth was fueled by strong performance in its Services, Wealth, and US Personal Banking divisions. The company kept expenses under control, enhanced its efficiency ratio, and successfully completed a significant restructuring. Annual revenue reached $81.1 billion, marking a 3% year-over-year increase.

Recently, Citigroup Inc. (NYSE:C) has focused on digital transformation and operational efficiency, reinforcing its commitment to adapting to an evolving financial landscape. Its long-term success depends on addressing economic headwinds, maintaining regulatory compliance, managing risks effectively, and investing in technology to improve customer experiences and operational efficiency.

Citigroup Inc. (NYSE:C) pays a quarterly dividend of $0.56 per share, yielding 2.83%, as of February 26. In 2024, the company returned $6.7 billion to shareholders through dividends and share repurchases, emphasizing its dedication to shareholder value. With a 34-year history of consistent dividend payments, it is one of the best dividend stocks on our list.