15 Best Quality Dividend Stocks to Buy According to Reddit

2. JPMorgan Chase & Co. (NYSE:JPM)

Number of Hedge Fund Holders: 103

JPMorgan Chase & Co. (NYSE:JPM) is favored by Redditors because high interest rates could help banks’ profitability. During periods of high interest rates, banks’ net interest income could grow, which would result in high net interest rate margins. The company remained committed to its shareholder return as it returned $3.3 billion to shareholders through dividends. It currently offers a quarterly dividend of $1.15 per share and has a dividend yield of 2.25%, as of May 18.

At the end of Q4 2023, 103 hedge funds tracked by Insider Monkey reported having stakes in JPMorgan Chase & Co. (NYSE:JPM), compared with 109 in the previous quarter. The overall value of these stakes is over $9 billion.