5 Bank Dividend Stocks for 2022

1. TFS Financial Corporation (NASDAQ:TFSL)

Number of Hedge Fund Holders: 9

Dividend Yield: 6.27% (as of January 4)

TFS Financial Corporation (NASDAQ:TFSL) ranks 1st on our list of best bank dividend stocks. As of the third quarter, 9 out of 867 elite hedge funds tracked by Insider Monkey reported owning positions in TFS Financial Corporation (NASDAQ:TFSL). This was consistent from the previous quarter where the same number of hedge funds held stakes in the company.

TFS Financial Corporation (NASDAQ:TFSL) offers retail consumer banking services in the United States. In November, the bank declared a $0.2825/share quarterly dividend, boasting the highest dividend yield of all the bank stocks in our list with a 5.82% yield. The firm’s EPS of $0.06 for the third quarter was in-line with consensus estimates, while the revenue figure of $66.08 million was above analysts’ forecasts by $4.59 million.

TFS Financial Corporation (NASDAQ:TFSL) has been steadily improving its dividend payouts over the years. In 2014, annual payout was $0.14, and subsequently soared to $1.12 in 2020. As of December 16, the bank’s stock has seen a jump of 0.40% in the year to date. The bank’s originations remain strong, and its asset quality has seen significant improvement since the height of the Covid crisis.

Jim Simons’ Renaissance Technologies was the leading shareholder of TFS Financial Corporation (NASDAQ:TFSL) as of the third quarter. The billionaire’s hedge fund held 5.13 million shares of the bank valued at $97.84 million.

You can also take a look at 15 Best E-Commerce Stocks To Buy Now and 10 Best Long-Term Dividend Stocks to Buy and Hold.

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