5 Best 5% Dividend Stocks To Buy According To Hedge Funds

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1. Pfizer Inc. (NYSE:PFE)

Number of Hedge Fund Holders: 79
Dividend Yield as of March 15: 5.97%

Pfizer Inc. (NYSE:PFE) tops our list of the best dividend stocks with high yields. The multinational biotech and pharmaceutical company has been growing its dividends for the past 14 consecutive years and offers a quarterly dividend of $0.42 per share. The stock’s dividend yield on March 15 came in at 5.97%.

As per Insider Monkey’s database of Q4 2023, 79 hedge funds owned stakes in Pfizer Inc. (NYSE:PFE), up from 73 in the previous quarter. These stakes are collectively valued at more than $2.2 billion.

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You can also take a look at 10 Cheap Clean Energy Stocks To Buy According to Wall Street Analysts and 11 Most Undervalued Cybersecurity Stocks To Buy According To Analysts

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