10 Best Stocks For Dividends

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1. Merck & Co., Inc. (NYSE:MRK)

Number of Hedge Fund Holders: 85

Merck & Co., Inc. (NYSE:MRK) tops our list of the best stocks for dividends. The pharmaceutical company has raised its dividends for 12 years straight and pays a quarterly dividend of $0.77 per share. As of December 21, the stock has a dividend yield of 2.92%.

Insider Monkey’s database of Q3 2023 showed that 85 hedge funds owned stakes in Merck & Co., Inc. (NYSE:MRK), up from 78 in the preceding quarter. These stakes are collectively valued at over $5.06 billion.

Follow Merck & Co. Inc. (NYSE:MRK)

You can also take a look at 12 Best Stocks To Buy on Robinhood for Beginners and 11 Most Promising Psychedelic Stocks According to Hedge Funds

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