5 Best Annual Dividend Stocks To Buy Now

In this article, we discuss 5 best annual dividend stocks to buy now. If you want to read our detailed analysis of dividend stocks and their performance in the past, go directly to read 15 Best Annual Dividend Stocks To Buy Now. 

5. China Yuchai International Limited (NYSE:CYD)

Dividend Yield as of January 30: 3.26%

China Yuchai International Limited (NYSE:CYD) is a Singapore-based company that is a leading manufacturer and distributor of engines for various applications. The company produces a range of engines for different applications, including commercial vehicles, construction equipment, power generation, marine applications, and agricultural machinery. In July 2023, the company declared an annual dividend of $0.28 per share, which has a dividend yield of 3.26%, as of January 30. Though it does not hold any dividend growth streak and has slashed its dividends multiple times, the company maintained regular payouts since 2000.

The number of hedge funds tracked by Insider Monkey owning stakes in China Yuchai International Limited (NYSE:CYD) stood at 7 in Q3 2023, which remained the same as the previous quarter. The overall value of these stakes is over $42.4 million.

4. Sanofi (NASDAQ:SNY)

Dividend Yield as of January 30: 3.78%

Sanofi (NASDAQ:SNY) is a global pharmaceutical company headquartered in Paris, France. The company is a major player in the healthcare industry and is engaged in various aspects of pharmaceutical research, development, manufacturing, and commercialization. It is one of the best annual dividend stocks on our list as the company maintains a 29-year streak of consistent dividend growth. It currently pays an annual dividend of €3.56 and has a dividend yield of 3.78%, as of January 30.

At the end of the third quarter of 2023, 29 hedge funds in Insider Monkey’s database owned stakes in Sanofi (NASDAQ:SNY), compared with 30 in the preceding quarter. The total value of these stakes is over $1.18 billion.

3. George Risk Industries Inc. (OTC:RSKIA)

Dividend Yield as of January 30: 5.58%

George Risk Industries Inc. (OTC:RSKIA) is next on our list of the best dividend stocks that pay annual dividends. The Nebraska-based company specializes in the design and manufacturing of electronic components and devices, particularly in the field of security and access control. It has raised its dividends every year since 2019 and it currently offers an annual dividend of $0.65 per share. As of January 30, the stock has a dividend yield of 5.58%.

2. Stellantis N.V. (NYSE:STLA)

Dividend Yield as of January 30: 6.88%

Stellantis N.V. (NYSE:STLA) is a global automotive company that owns and operates a wide range of automotive brands, each with its own distinct identity and market positioning. In 2023, the company declared an annual dividend of $1.42 per share. The stock’s dividend yield on January 30 came in at 6.88%.

As of the close of Q3 2023, 27 hedge funds in Insider Monkey’s database owned stakes in Stellantis N.V. (NYSE:STLA), the same as in the preceding quarter. These stakes have a consolidated value of over $585.4 million. With over 8.4 million shares, SRS Investment Management was the company’s leading stakeholder in Q3.

1. Bayer Aktiengesellschaft (OTC:BAYRY)

Dividend Yield as of January 30: 7.87%

Bayer Aktiengesellschaft (OTC:BAYRY) tops our list of the best annual dividend stocks to buy now. The German multinational pharmaceutical and life sciences company is involved in various sectors, including pharmaceuticals, crop science, consumer health, and animal health. In 2023, the company declared an annual dividend of €2.40, which showed a 20% hike from the previous dividend. The stock has a dividend yield of 7.87%, as of January 30.

You can also take a look at Billionaire Mason Hawkins’ 11 Stock Picks with Huge Upside Potential and 11 Undervalued Stocks Picked by Billionaire Gabelli