5 Best Mid-Cap Dividend Aristocrats To Buy

In this article, we discuss 5 best mid-cap dividend aristocrats to buy. If you want to read our detailed analysis of dividend stocks and their performance, go directly to read 10 Best Mid-Cap Dividend Aristocrats To Buy.

5. Bank OZK (NASDAQ:OZK)

Number of Hedge Fund Holders: 24
Market Cap as of April 11: $3.9 billion 

Bank OZK (NASDAQ:OZK) is an American bank holding company that conducts banking operations in eight states across the country. On April 3, the company declared a 2.9% hike in its quarterly dividend to $0.35 per share. This was the company’s 51st consecutive quarter of dividend growth. In addition to this, the company has also raised its payouts for 27 years straight, which places it as one of the best dividend stocks on our list. The stock has a dividend yield of 4.20%, as of April 11.

In March, UBS upgraded Bank OZK (NASDAQ:OZK) to Buy with a $47 price target, appreciating the company’s earnings power in the current market.

At the end of Q4 2022, 24 hedge funds in Insider Monkey’s database owned stakes in Bank OZK (NASDAQ:OZK), growing from 17 in the preceding quarter. The collective value of these stakes is over $156.6 million. Among these hedge funds, Diamond Hill Capital was the company’s leading stakeholder in Q4.