12 Best Financial Sector Dividend Stocks To Buy Right Now

6. Wells Fargo & Company (NYSE:WFC)

Number of Hedge Fund Holders: 72

Wells Fargo & Company (NYSE:WFC) is a financial services company, based in California. While consumer banking continues to be the company’s primary source of revenue, its investment banking division is becoming an important driver of growth, with investment banking fees surging 59% year over year in the latest quarter.

Wells Fargo & Company (NYSE:WFC) reported $20.3 billion in revenues in the fourth quarter of 2024, showing a slight 0.5% decline from the same period the previous year. However, net income rose significantly to $5.07 billion, up from $3.4 billion a year earlier. The company saw strong growth in fee-based revenue, which increased 15% year over year, helping offset the expected decline in net interest income. Operating expenses were lower than the prior year, while credit trends remained stable. Wells Fargo also maintained a solid capital position, closing the year with an 11.1% CET1 ratio.

On January 28, Wells Fargo & Company (NYSE:WFC) declared a quarterly dividend of $0.40 per share, which fell in line with its previous dividend. Overall, the company has been making regular dividend payments to shareholders since 1988, which places it on our list of the best financial sector dividend stocks. As of February 16, the stock offers a dividend yield of 2.00%.