Top 10 Dividend Stocks To Buy According To Hedge Funds

7. Citigroup Inc. (NYSE:C)

Number of Hedge Fund Holders: 101

Citigroup Inc. (NYSE:C) is a New York-based multinational investment bank that offers a wide range of related services to its consumers. Lately, the company has placed a strong emphasis on digital transformation and streamlining operations, demonstrating its commitment to navigating an evolving financial environment. Key factors for success include addressing economic challenges, ensuring regulatory compliance, managing risks, and investing in technology to enhance customer experiences and improve efficiency. Over the past year, the stock has soared by over 41%.

In fiscal year 2024, Citigroup Inc. (NYSE:C)’s net income climbed nearly 40% to $12.7 billion, exceeding its annual revenue goal. This strong performance was driven by growth in its Services, Wealth, and US Personal Banking segments. The company maintained expenses within expected levels, improved its efficiency ratio, and completed a major restructuring. Annual revenue reached $81.1 billion, reflecting a 3% increase from the previous year.

Citigroup Inc. (NYSE:C) currently pays a quarterly dividend of $0.56 per share and has a dividend yield of 2.86%, as of February 25. The company returned $6.7 billion to shareholders through dividends and share buybacks, highlighting its dedication to delivering shareholder value. Moreover, with a track record of consistent dividend payments for 34 years, it remains one of the best dividend stocks to buy according to hedge funds.