12 Safest Stocks to Buy According to Hedge Funds

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5. Eli Lilly and Company (NYSE:LLY)

Number of Hedge Fund Holders: 106   

Eli Lilly and Company (NYSE:LLY) develops and markets human pharmaceuticals. There are various reasons why this company makes an excellent investment. Firstly, the company has demonstrated impressive dividend growth with 10 consecutive years of increases, surpassing the sector median of 2 years by 400%. The company has also consistently paid dividends for 35 years, outperforming the sector median of 15 years by 133%. This highlights the company’s strong commitment to rewarding shareholders over an extended period. Moreover, the company has announced a $3 billion expansion in Kenosha County, Wisconsin. This investment will extend the company’s global parenteral product manufacturing network, helping to meet the growing demand for its diabetes, obesity and future pipeline medicines across therapeutic areas. Notably, this would add 750 highly skilled jobs to the current 100-plus workforce at this location.

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