5 Best Bank Dividend Stocks To Buy Now

3. Wells Fargo & Company (NYSE:WFC)

Number of Hedge Fund Holders: 87
Dividend Yield as of March 17: 3.05%

Wells Fargo & Company (NYSE:WFC) is a multinational financial services company that specializes in bank accounts, mortgages, and other banking services. The company currently pays a quarterly dividend of $0.30 per share and has a dividend yield of 3.05%, as of March 17. It is one of the best bank dividend stocks on our list as it has paid regular dividends to shareholders since 1959.

In January, Citigroup raised its price target on Wells Fargo & Company (NYSE:WFC) to $52 with a Buy rating on the shares. The firm noted that the stock remained the ‘best value’ on board due to management’s solid performance.

Wells Fargo & Company (NYSE:WFC) experienced positive hedge fund sentiment in Q4 2022, as 87 funds in Insider Monkey’s database owned investments in the company, up from 77 in the previous quarter. These investments have a value of over $5.5 billion collectively.

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