10 Best DRIP Stocks To Own Now

2. Citigroup Inc. (NYSE:C)

Number of Hedge Fund Holders: 101

Citigroup Inc. (NYSE:C) is an American multinational investment bank that offers a wide range of related services to its consumers. In fiscal year 2024, the company saw its net income surge by nearly 40% to $12.7 billion, surpassing its annual revenue target. This growth was fueled by solid performance in its Services, Wealth, and US Personal Banking divisions. The company managed to keep expenses within projections, enhanced its efficiency ratio, and successfully carried out a significant restructuring. Total revenue for the year reached $81.1 billion, showing a 3% increase from the prior year.

In the past 12 months, Citigroup Inc. (NYSE:C) surged by over 42% and its YTD returns came in at nearly 14%. The company is undergoing a multi-year restructuring, streamlining its operations by exiting intricate business segments and focusing on areas that generate returns at or above its cost of capital. Over the past three years, it has made notable progress in strengthening risk management, compliance, and overall accountability.

Citigroup Inc. (NYSE:C) distributed $6.7 billion to shareholders through dividends and share repurchases, demonstrating its commitment to returning value to shareholders. In addition, it has paid regular dividends for the past 34 years, which makes it one of the best DRIP stocks to invest in. The company pays a quarterly dividend of $0.56 per share and has a dividend yield of 2.81%, as of February 23.