15 Best Quality Dividend Stocks to Buy According to Reddit

5. Pfizer Inc. (NYSE:PFE)

Number of Hedge Fund Holders: 79

According to Redditors, Pfizer Inc. (NYSE:PFE) is a buy because the company has new products in the pipeline and is actively doing research on drugs for serious ailments. Moreover, the biotech company has been paying regular dividends to shareholders for the past 85 years. This means that the company remained consistent in its dividend payouts during some of the biggest market declines that took place over the years. Its dividend growth streak currently spans over 14 years. The company offers a quarterly dividend of $0.42 per share and has an impressive dividend yield of 5.87%, as of May 18.

The number of hedge funds tracked by Insider Monkey owning stakes in Pfizer Inc. (NYSE:PFE) grew to 79 in Q4 2023, from 73 in the previous quarter. The total value of these stakes is over $2.2 billion.