5 Bank Dividend Stocks with Over 4% Yield

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1. TFS Financial Corporation (NASDAQ:TFSL)

Number of Hedge Fund Holders: 13

Dividend Yield as of March 9: 6.84%

TFS Financial Corporation (NASDAQ:TFSL) provides retail consumer banking services in the United States. As of March 9, 2022, the stock has a forward yield of 6.84% and a forward price-to-earnings ratio of 71.78. The company has been increasing dividends for the past seven years consistently and has a 5-year dividend growth rate of 18.87%, along with an annual payout ratio of 432.69%.

On February 25, 2022, TFS Financial Corporation (NASDAQ:TFSL) announced that its board of directors have declared a quarterly cash dividend of $0.2825 per share, in line with previous. The stock’s forward yield at the time of the announcement was 6.55%. The dividend is payable on March 22, 2022, to shareholders of record on March 8, 2022.

This January, TFS Financial Corporation (NASDAQ:TFSL) announced earnings for the fiscal first quarter of 2021. According to data released by TFS Financial Corporation (NASDAQ:TFSL), the company’s earnings per share for the quarter were $0.06 and the company generated $57.84 million in quarterly revenues.

At the close of the fourth quarter of 2021, 13 hedge funds had TFS Financial Corporation (NASDAQ:TFSL) among their 13 holdings, up from 9 positions in the third quarter of 2021. The total stakes of these funds in TFS Financial Corporation (NASDAQ:TFSL) exceeded $125.68 million.

Jim Simons’ Renaissance Technologies was the top hedge fund, by value, that held stakes in TFS Financial Corporation (NASDAQ:TFSL). According to Insider Monkey’s data, as of February 25, 2022, the fund’s stake in the company was a whopping $88.56 million. The investment covers 0.11% of Renaissance Technologies Q4 2021 13F portfolio.

You can also take a look at 10 Best Dividend Stocks for Long Term and 10 Best Dividend Stocks to Buy According to Billionaire Howard Marks.

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