5 Best Bank Dividend Stocks to Buy Now

1. U.S. Bancorp (NYSE:USB)

Dividend Yield as of October 31: 4.48%

U.S. Bancorp (NYSE:USB) is one of the largest banking institutions in the US that provides financial advisory and other banking services to its consumers. The company is one of the best dividend stocks on our list as it has been raising its dividends consistently for 12 years. Currently, it offers a quarterly dividend of $0.48 per share and has a dividend yield of 4.48%, as of October 31.

In October, JPMorgan maintained an Overweight rating on U.S. Bancorp (NYSE:USB) with a $46 price target. The firm presented a positive outlook on the banking stocks in this current market environment.

The number of hedge funds tracked by Insider Monkey having stakes in U.S. Bancorp (NYSE:USB) stood at 43 in Q2 2022, growing from 40 in the previous quarter. The collective value of these stakes is over $6.5 billion. In addition to Warren Buffett, Ken Griffin, Jim Simons, and Donald Yacktman were some other prominent shareholders of the company in Q2.

ClearBridge Investments mentioned U.S. Bancorp (NYSE:USB) in its Q4 2021 investor letter. Here is what the firm has to say:

“Over the last year, we have repositioned our portfolio to navigate the course we see ahead. We have increased our exposure to interest-rate sensitive banks by adding to existing positions in U.S. Bancorp.”

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