10 Best Dividend Stocks of 2024

3. Micron Technology, Inc. (NYSE:MU)

Year-to-Date Returns as of May 20: 56.6%

Micron Technology, Inc. (NYSE:MU) started paying dividends in 2021 and has paid regular dividends to shareholders since then. The semiconductor manufacturing company currently offers a quarterly dividend of $0.115 per share and has a dividend yield of 0.36%, as of May 21. It is one of the best dividend stocks on our list as the stock returned 56.6% to shareholders this year so far.

In fiscal Q2 2024, Micron Technology, Inc. (NYSE:MU) reported revenue of $5.8 billion, which showed a significant growth of 57.7% from the same period last year. During the quarter, the company’s operating cash flow came in at $1.22, up from $343 million in the prior-year period.

As of the end of the December quarter of 2023, 92 hedge funds held stakes in Micron Technology, Inc. (NYSE:MU), up from 90 in the previous quarter. These stakes are worth over $6 billion in total.