10 Best Blue Chip Dividend Stocks in 2017

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1. Macy’s Inc. (NYSE:M)

Dividend Yield – 7.13%

– Number of Hedge Funds With Long Positions (as of March 31): 43
– Aggregate Value of Hedge Funds’ Holdings (as of March 31): $594.5 million

Macy’s Inc. (NYSE:M) tops our list of the 10 Best Blue Chip Dividend Stocks in 2017 with the highest number of hedge funds having long positions in it at the end of March 2017. It is one of the leading premier retailers of accessories and apparel. The company operates more than 700 department stores and 125 specialty stores under the nameplates Macy’s and Bloomingdale’s.

Macy’s is facing immense pressure from rising e-commerce businesses and is closing down its unprofitable stores. Macy’s Inc. (NYSE:M) is trying to boost its online business as well as lure shoppers to its physical stores with prime locations as well as attractive merchandise. Macy’s is now one of the nation’s premier omnichannel retailers, having an extensive presence physically as well as online. The company has been increasing its dividend payouts since 2009 and has grown them at a CAGR of 33% over the last five years.

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