13 Best Warren Buffett Dividend Stocks To Invest In Right Now

5. Citigroup Inc. (NYSE:C)

Number of Hedge Fund Holders: 88

Citigroup Inc. (NYSE:C) is an American multinational investment bank and financial services company with operations in nearly 180 countries and jurisdictions. In the past 12 months, the stock has surged by nearly 50%, outperforming the broader market by a wider margin. The company is in the midst of a multi-year restructuring process, divesting from complex business units and concentrating on areas where it can at least meet its cost of capital. In the past three years, the company has made significant strides in enhancing its risk management, compliance, and accountability.

In FY24, Citigroup Inc. (NYSE:C) saw a nearly 40% rise in net income, reaching $12.7 billion, exceeding its full-year revenue target. This was driven by record performances in Services, Wealth, and US Personal Banking. Expenses were kept within the company’s forecast, and it managed to improve its efficiency ratio while completing a major reorganization. The company’s revenue for the year totaled $81.1 billion, reflecting a 3% increase from the previous year.

On January 14, Citigroup Inc. (NYSE:C) declared a quarterly dividend of $0.56 per share, which was in line with its previous dividend. The stock has a dividend yield of 2.77%, as of February 10. The company is a reliable dividend payer, consistently returning value to shareholders. In 2024, the company distributed $6.7 billion to investors through dividends and share buybacks. The sustainability of its dividends is supported by a payout ratio of 58%. Furthermore, Citigroup has been paying regular dividends to shareholders for the past 34 years, which makes it one of the best dividend stocks on our list.