5 Best Dividend Stocks to Buy According to Irving Kahn’s Hedge Fund

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1. New York Community Bancorp, Inc. (NYSE: NYCB)

Kahn Brothers’ Stake Value: $56,768,000
Percentage of Kahn Brothers’ 13F Portfolio: 8.78%
Dividend Yield: 6%
Number of Hedge Fund Holders: 25

New York Community Bancorp, Inc. (NYSE: NYCB) provides banking products and servicesIt was founded in 1859 and ranks first on the list of 10 best dividend stocks to buy according to Irving Kahn’s fund. New York Community currently has a $5.37 billion market capitalization.

On May 5, New York Community Bancorp, Inc. (NYSE: NYCB) declared a quarterly dividend of $0.17 per share, in line with the previous. On April 26, CFRA analyst Pauline Bell upgraded New York Community stock to “Buy” from “Hold.” New York Community Bancorp, Inc. (NYSE: NYCB) also posted its earnings per share for the first quarter of 2021. The earnings per share was $0.29, beating the estimates by $0.02. The company’s revenue in the first quarter came in at $332.07 million, up 27.0% from $7.85 million year over year.

Kahn Brothers’ stake in New York Community Bancorp, Inc. (NYSE: NYCB) stock increased by 5% in the past few months. Adage Capital Management, with 5.60 million shares, is the biggest stakeholder in New York Community Bancorp.

You can also take a peek at 10 Best Dividend Stocks to Buy According to Traci Lerner’s Chescapmanager and 10 Best Dividend Stocks to Buy According to Billionaire Michael Price

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