5 Best Financial Dividend Stocks to Invest In

3. JPMorgan Chase & Co. (NYSE:JPM)

Dividend Yield as of November 4: 3.06%

JPMorgan Chase & Co. (NYSE:JPM) is another best dividend stock to buy from the finance sector. The investment banking company has been raising its payouts for the past seven years. Currently, it pays a quarterly dividend of $1.00 per share and has a dividend yield of 3.06%, as of November 4.

JPMorgan Chase & Co. (NYSE:JPM) generated strong cash flow during Q3 2022. The company returned $3 billion in dividends to shareholders during the quarter. Its cash and due from the banks came in at $24.6 billion and its assets under management amounted to over $2.6 trillion.

Citigroup appreciated the performance of JPMorgan Chase & Co. (NYSE:JPM) this year and called it one of the best names for long-term investors. The firm maintained a Buy rating on the stock in October while raising its price target to $135.

At the end of the June quarter, 104 hedge funds tracked by Insider Monkey owned stakes in JPMorgan Chase & Co. (NYSE:JPM), falling from 110 in the previous quarter. These stakes hold a combined value of over $5.8 billion, compared with $5 billion worth of stakes owned by hedge funds in the previous quarter.

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