25 Best Dividend Stocks to Buy According to Billionaires

6. Citigroup Inc. (NYSE:C)

Number of Billionaire Investors: 17

Dividend Yield as of March 3: 2.86%

Citigroup Inc. (NYSE:C) is an American multinational investment banking company. Operating in over 180 countries, the company has a physical presence in 94 markets worldwide, offering a broad range of financial products and services to individuals, investors, institutions, and corporations. In the US, it stands out as a leader in both wealth management and personal banking. The stock has delivered a nearly 37.5% return in the past 12 months, outperforming the broader market.

In fiscal 2024, Citigroup Inc. (NYSE:C)’s net income surged nearly 40% to $12.7 billion, surpassing its revenue target. This strong performance was driven by growth across its Services, Wealth, and US Personal Banking segments. Citigroup also improved efficiency by managing expenses effectively and executing a major restructuring. Annual revenue grew 3% year-over-year to $81.1 billion.

Reinforcing its commitment to shareholder returns, Citigroup Inc. (NYSE:C) distributed $6.7 billion in 2024 through dividends and share buybacks. With an uninterrupted 34-year history of dividend payments, it remains one of the best dividend stocks on our list. The company’s quarterly dividend comes in at $0.56 per share and has a dividend yield of 2.86%, as recorded on March 3.