5 Best High-Dividend Stocks to Buy Now

3. Huntington Bancshares Incorporated (NASDAQ:HBAN)

Dividend Yield as of October 11: 4.71%

Huntington Bancshares Incorporated (NASDAQ:HBAN) is an Ohio-based commercial banking company that provides online banking solutions in a wide range of areas. In September, Wedbush initiated its coverage on the stock with a Neutral rating and a $14 price target, as the firm sees growth potential in the company’s increased scale and revenue synergies.

Huntington Bancshares Incorporated (NASDAQ:HBAN) pays a quarterly dividend of $0.155 per share. The company maintains an 11-year streak of consistent dividend growth with a five-year dividend CAGR of 14.1%. As of October 11, the stock’s dividend yield came in at 4.71%.

Of the 895 elite funds tracked by Insider Monkey, 23 hedge funds owned stakes in Huntington Bancshares Incorporated (NASDAQ:HBAN) in Q2 2022, compared with 26 in the previous quarter. These stakes have a collective value of over $71.8 million. With over 1.7 million shares, Interval Partners was the company’s leading stakeholder in Q2.