10 Best Stocks to Buy for Retirement

1. Medifast, Inc. (NYSE:MED)

Dividend Yield as of February 9: 6.01%
3-Year Average Annual Dividend Growth Rate: 24.7%
Dividend Payout Ratio: 47.9%  

Medifast, Inc. (NYSE:MED) is a marketing company that specializes in weight loss and health-related products. The company is based in Maryland, US.

Medifast, Inc. (NYSE:MED) has been raising its dividends consistently since 2015 and it currently pays a quarterly dividend of $1.64 per share. The stock has a dividend yield of 6.01%, as of February 9. Its 3-year annual average dividend growth stands at 24.7%. The company has a payout ratio of 47.9%.

At the end of Q3 2022, 18 hedge funds tracked by Insider Monkey owned stakes in Medifast, Inc. (NYSE:MED), growing from 14 in the previous quarter. These stakes have a total value of over $120.1 million.

You can also take a look at 10 Companies Likely to be Dividend Kings in the Future and Dividend Capture Strategy: 10 High-Yield Stocks to Buy in February

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