5 Best Financial Dividend Stocks to Invest In

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

Dividend Yield as of November 4: 4.48%

U.S. Bancorp (NYSE:USB) is an American bank holding and financial services company. It reported strong results in its Q3 earnings. The company’s revenue saw a 7.5% year-over-year growth at $6.33 billion. As of September 30, it has over $601 billion in assets.

On September 13, U.S. Bancorp (NYSE:USB) declared a 4% hike in its quarterly dividend to $0.48 per share. Through this increase, the company extended its dividend growth streak to 12 years, which makes it one of the best dividend stocks on our list. As of November 4, the stock has a dividend yield of 4.48%.

In November, JPMorgan raised its price target on U.S. Bancorp (NYSE:USB) to $47 with an Overweight rating on the shares. The firm mentioned that large-cap banks are well-positioned to benefit in revenues from high-interest rates.

As of the close of Q2 2022, the number of hedge funds tracked by Insider Monkey owning stakes in U.S. Bancorp (NYSE:USB) stood at 43, 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.”

You can also take a look at 12 Best Non-REIT Dividend Stocks To Buy and 10 Best Small-Cap Stocks To Buy Now.

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