5 Best Financial Dividend Stocks To Invest In

2. Mastercard Incorporated (NYSE:MA)

Number of Hedge Fund Holders: 139

Mastercard Incorporated (NYSE:MA) is a global financial technology company that provides payment processing and related services. The company offers a quarterly dividend of $0.57 per share and has a dividend yield of 0.57%, as of August 23. It is one of the best dividend stocks on our list as it maintains a 10-year streak of consistent dividend growth.

Mastercard Incorporated (NYSE:MA) was a part of 139 hedge fund portfolios at the end of Q2 2023, up from 138 in the previous quarter, as per Insider Monkey’s database. The consolidated value of stakes owned by these hedge funds is over $14.7 billion.

Baron Funds mentioned Mastercard Incorporated (NYSE:MA) in its Q2 2023 investor letter. Here is what the firm has to say:

“We modestly trimmed Visa Inc., Mastercard Incorporated (NYSE:MA), and Accenture plc to manage the position sizes and raise capital to fund purchases elsewhere. These stocks remain full-sized positions and high-conviction ideas in the Fund.

Another fintech industry trend we’re seeing is a pickup in M&A activity, most notably in the payments sector. The year started with Nuvei’s $1.3 billion acquisition of Paya announced in January. In April, Network International received an initial takeover offer from a group of private equity firms, which was then topped by Brookfield Asset Management whose $2.8 billion offer was accepted by the Board in June. Following reports earlier this year of a bidding war between Visa Inc. and Mastercard Incorporated to acquire cloud-based issuer processor and core banking software provider Pismo.”