5 Best Dividend Stocks to Buy in August According to Hedge Funds

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1. Citigroup Inc. (NYSE: C)

Number of Hedge Fund Holders: 90
Dividend Yield: 3%

Citigroup Inc. (NYSE: C) is a financial services company operating in the diversified banks industry in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company ranks 1st on our list of the best dividend stocks to buy in August according to hedge funds and operates through its Global Consumer Banking and Institutional Clients Group segments.

Keefe Bruyette currently holds an Outperform rating and an $85 price target on shares of Citigroup Inc. (NYSE: C), as of this July.

In the second quarter of 2021, Citigroup Inc. (NYSE: C) had an EPS of $2.84, beating estimates by $0.95. The company’s revenue was $17.47 billion, also beating estimates by $273.99 million. Citigroup Inc. (NYSE: C) has also gained 2.42% in the past 6 months and 18.92% year to date.

By the end of the first quarter of 2021, 90 hedge funds out of the 866 tracked by Insider Monkey held stakes in Citigroup Inc. (NYSE: C) worth roughly $6.94 billion. This is compared to 95 hedge funds in the previous quarter with a total stake value of approximately $7.12 billion.

You can also take a look at 10 Best Dividend Paying Stocks to Buy Under $50 and 10 Best Dividend Stocks Under $20.

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