10 Best Blue Chip Dividend Stocks in 2017

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6. Vector Group Ltd (NYSE:VGR)

– Number of Hedge Funds With Long Positions (as of March 31): 13
– Aggregate Value of Hedge Funds’ Holdings (as of March 31): $197.9 million

Dividend Yield – 7.68%

Vector Group Ltd (NYSE:VGR) is a leading manufacturer and seller of cigarettes through its Liggett and Vector Tobacco subsidiaries. The company also has dealings in real estate through its New Valley subsidiary. Vector Group Ltd (NYSE:VGR) sells cigarettes under popular brand names like Eve, Grand Prix, Pyramid, Liggett Select, and Eagle 20’s. Vector’s real estate business owns over 20 properties, consisting of land, apartments, hotels, condominiums, and marginal stakes in commercial properties. The company is a free cash flow generator with diversified businesses which enables it to grow its dividends. Vector Group has an impressive dividend yield of 7.7% and has grown its payouts at a 5% CAGR over the last decade.

Pixabay/Public Domain

Pixabay/Public Domain

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