10 Best Stocks to Buy for Retirement

5. Farmers National Banc Corp. (NASDAQ:FMNB)

Dividend Yield as of February 9: 4.81%
3-Year Average Annual Dividend Growth Rate: 19.5%
Dividend Payout Ratio: 36.3%

Farmers National Banc Corp. (NASDAQ:FMNB) is an Ohio-based bank holding company. In December, Piper Sandler raised its price target on the stock to $16 with a Neutral rating on the shares.

Farmers National Banc Corp. (NASDAQ:FMNB), one of the best stocks for retirement, has been raising its dividends for the past eight years, with a 3-year dividend growth rate of 19.5%. The company pays a quarterly dividend of $0.17 per share for a dividend yield of 4.81%, as of February 9. It has a healthy payout ratio of 36.3%.

As per Insider Monkey’s Q3 2022 database, 13 hedge funds owned stakes in Farmers National Banc Corp. (NASDAQ:FMNB), up from 10 in the previous quarter. The collective value of these stakes is over $13.5 million.