10 S&P 500 Dividend Aristocrats To Avoid

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1. Leggett & Platt, Incorporated (NYSE:LEG)

Number of Hedge Fund Holders: 11 

Leggett & Platt, Incorporated (NYSE:LEG) is a Missouri-based manufacturing company that specializes in products related to homes and automobiles. On May 4, the company declared a 4.5% hike in its quarterly dividend to $0.46 per share. This marked the company’s 52nd consecutive year of dividend growth. The stock has a dividend yield of 5.84%, as of May 30.

At the end of Q1 2023, 11 hedge funds tracked by Insider Monkey owned stakes in Leggett & Platt, Incorporated (NYSE:LEG), compared with 12 in the previous quarter. These stakes have a collective value of nearly $32 million. Among these hedge funds, Citadel Investment Group was the company’s leading stakeholder in Q1.

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