5 Best Financial Dividend Stocks To Invest In

1. Visa Inc. (NYSE:V)

Number of Hedge Fund Holders: 171

Visa Inc. (NYSE:V) tops our list of the best dividend stocks from the finance sector. The American financial services company has been growing its dividends consistently since 2008. It currently pays a quarterly dividend of $0.45 per share and has a dividend yield of 0.75%, as of August 23.

At the end of the June quarter of 2023, 171 hedge funds tracked by Insider Monkey owned investments in Visa Inc. (NYSE:V), worth collectively nearly $25 billion.

Baron Funds mentioned Visa Inc. (NYSE:V) in its Q2 2023 investor letter. Here is what the firm has to say:

“We modestly trimmed Visa Inc. (NYSE:V), Mastercard Incorporated, 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, Visa announced its intention to acquire the Brazilian company for $1 billion in late June.”

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