Top 5 Dividend Stock Picks of Chuck Royce’s Royce & Associates

1. The Bank of N.T. Butterfield & Son Limited (NYSE:NTB)

Number of Hedge Fund Holders: 13
Dividend Yield as of March 2: 4.81%
Royce & Associates’ Stake Value: $38,528,000

This February, Piper Sandler praised the deployment strategy of The Bank of N.T. Butterfield & Son Limited (NYSE:NTB), a Bermuda-based bank. The firm lifted its price target on the stock to $47, while maintaining an ‘Outperform’ rating on the shares.

Since 2019, The Bank of N.T. Butterfield & Son Limited’s (NYSE:NTB) dividend has been steady at $0.44 per share. The stock’s dividend yield, as of March 2, stood at 4.81%.

In Q4 2021, Royce & Associates held a stake worth over $38.5 million in The Bank of N.T. Butterfield & Son Limited (NYSE:NTB), which accounted for 0.28% of the hedge fund’s portfolio value. Holdings total positions worth roughly $100 million, 13 hedge funds tracked by Insider Monkey were long The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) at the end of 2021. At the end of the previous quarter, 16 hedge funds held stakes in the company valued at $87.4 million.

You can also take a look at 10 Best Dividend Stocks to Buy According to Billionaire Cliff Asness and 10 Best High Yield Dividend Stocks Under $50

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