5 Financial Services Dividend Champions to Buy Now

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1. People’s United Financial, Inc. (NASDAQ: PBCT)

Number of Hedge Fund Holders: 24
Dividend Yield: 4.57%
Number of Years of Consistent Dividend Increases: 29

People’s United Financial, Inc. (NASDAQ: PBCT), the bank holding company for People’s United Bank, National Association, is next and last on our list of financial services dividend champions to buy now, ranking 1st. The company’s bank operates about 403 branches spread out across the US.

Just this May, analysts at Compass Point raised the price target on shares of People’s United Financial, Inc. (NASDAQ: PBCT) to $19.50. The firm holds a Neutral rating on the stock.

In the second quarter of 2021, People’s United Financial, Inc. (NASDAQ: PBCT) had an EPS of $0.41, beating estimates by $0.08. The company’s revenue was $479.90 million but missed estimates by $17.70 million. People’s United Financial, Inc. (NASDAQ: PBCT) has gained 29.14% year to date and 57.09% in the past year.

By the end of the second quarter of 2021, 24 hedge funds out of the 873 tracked by Insider Monkey held stakes in People’s United Financial, Inc. (NASDAQ: PBCT) worth roughly $219 million. This is compared to 20 hedge funds in the previous quarter with a total stake value of approximately $208 million.

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