5 Best April Dividend Stocks To Buy

In this article, we discuss 5 best April dividend stocks to buy. If you want to read our detailed analysis of dividend stocks and their performance in the past, go directly to read 10 Best April Dividend Stocks To Buy.

5. Accenture plc (NYSE:ACN)

Ex-Dividend Date: April 12
Dividend Yield as of March 31: 1.58%

Accenture plc (NYSE:ACN) is an Irish company that specializes in information technology services and consulting. Following the company’s recent quarterly earnings beat, RBC Capital raised its price target on the stock to $340 with an Outperform rating on the shares. The firm also appreciated the company’s Managed Services segment.

Accenture plc (NYSE:ACN) currently pays a quarterly dividend of $1.12 per share for a dividend yield of 1.58%, as recorded on March 31. The company maintains a 17-year streak of consistent dividend growth. During its fiscal Q2 2023, it returned $708 million to shareholders in dividends, which makes it one of the best dividend stocks on our list. The stock will be trading ex-dividend on April 12.

As per Insider Monkey’s Q4 2022 database, 63 hedge funds owned investments in Accenture plc (NYSE:ACN), worth nearly $3 billion collectively. In the previous quarter, 58 hedge funds held stakes in the company, with a total value of $3.47 billion.

Distillate Capital Partners LLC mentioned Accenture plc (NYSE:ACN) in its third-quarter 2022 investor letter. Here is what the firm has to say:

“The largest new purchases includes Accenture plc (NYSE:ACN). Accenture modestly lagged the market last quarter and became similarly attractive enough to warrant ownership. Similar to our prior presentations, one way to visualize the current portfolio and note recent changes versus the benchmark is to look at scatter plot of all of Distillate’s FSV holdings versus those in the benchmark with valuation on the vertical axis and free cash ϲow stability on the horizontal axis.”

4. The Buckle, Inc. (NYSE:BKE)

Ex-Dividend Date: April 13
Dividend Yield as of March 31: 4.02%

The Buckle, Inc. (NYSE:BKE) is a Nebraska-based fashion retailer that sells clothing, footwear, and accessories. On March 21, the company declared a quarterly dividend of $0.35 per share, which was in line with its previous dividend. The stock will go ex-dividend on April 13. It has been raising its dividends consistently for the past 3 years. The stock’s dividend yield came in at 4.02% on March 31.

In the fourth quarter of 2022, The Buckle, Inc. (NYSE:BKE) reported revenue of $401.8 million, which showed a 5.5% growth from the same period last year. At the end of January 2023, the company had over $252 million available in cash and cash equivalents.

At the end of Q4 2022, 20 hedge funds tracked by Insider Monkey reported having stakes in The Buckle, Inc. (NYSE:BKE), compared with 23 in the previous quarter. The collective value of these stakes is over $110.6 million.

Miller Value Partners mentioned The Buckle, Inc. (NYSE:BKE) in its Q4 2022 investor letter. Here is what the firm has to say:

“The Buckle, Inc. (NYSE:BKE) was the top contributor for the quarter. The company reported 3Q23 net sales of $332.3MM, +4.0% year-over-year (Y/Y), ahead of consensus of $326.7MM, and earnings per share (EPS) of $1.24, -1.6% Y/Y, ahead of analyst expectations for EPS of $1.19. Comparable store sales and online sales increased 3.0% and 8.8% Y/Y, respectively, during the quarter. Inventory rose +49.2% Y/Y and +18.6% sequentially to $152.3MM, as of quarter-end, while gross margin expanded +163bps sequentially to 49.8%. The company also reported that December net sales grew 7.9% Y/Y, bringing fiscal year-to-date (YTD) net sales as of 12/31/22 to $1.28B, or +3.7% Y/Y.”

3. Hormel Foods Corporation (NYSE:HRL)

Ex-Dividend Date: April 14
Dividend Yield as of March 31: 2.80%

Hormel Foods Corporation (NYSE:HRL) is an American multinational food processing company, based in Minnesota. In March, Stephens maintained an Equal Weight rating on the stock with a $47 price target, after the company announced its first-quarter earnings. The firm expects the company to show improvement in profitability.

Hormel Foods Corporation (NYSE:HRL), one of the best dividend stocks, will trade ex-dividend on April 14. The company currently pays a quarterly dividend of $0.275 per share with a dividend yield of 2.80%, as recorded on March 31. It has been raising its dividends consistently for the past 57 years.

At the end of Q4 2022, 28 hedge funds tracked by Insider Monkey reported owning stakes in Hormel Foods Corporation (NYSE:HRL), worth over $490.6 million collectively. With over 2 million shares, Bill & Melinda Gates Foundation Trust was the company’s leading stakeholder in Q4.

2. Williams-Sonoma, Inc. (NYSE:WSM)

Ex-Dividend Date: April 20
Dividend Yield as of March 31: 3.05%

Williams-Sonoma, Inc. (NYSE:WSM) is an American consumer retail company that specializes in home improvement products. On March 16, the company declared a 15% hike in its quarterly dividend to $0.90 per share. This was the company’s 17th consecutive year of dividend growth, which makes it one of the best dividend stocks on our list. The stock has a dividend yield of 3.05%, as of March 31. It will be going ex-dividend on April 20.

RBC Capital maintained an Outperform rating on Williams-Sonoma, Inc. (NYSE:WSM) in March with a $143 price target, appreciating the company’s recent quarterly results.

At the end of December 2022, 29 hedge funds tracked by Insider Monkey owned investments in Williams-Sonoma, Inc. (NYSE:WSM), worth over $305.3 million collectively.

1. Lowe’s Companies, Inc. (NYSE:LOW)

Ex-Dividend Date: April 25
Dividend Yield as of March 31: 2.18%

Lowe’s Companies, Inc. (NYSE:LOW) tops our list of the best dividend stocks to buy. The stock will be trading ex-dividend on April 25. It currently pays a quarterly dividend of $1.05 per share for a dividend yield of 2.18%, as of March 31. The company has been raising its dividends consistently for the past 59 years.

Lowe’s Companies, Inc. (NYSE:LOW) was a popular buy among elite funds, as 68 funds in Insider Monkey’s database owned stakes in the company, up from 61 in the preceding quarter. The stakes owned by these hedge funds have a total value of nearly $5.7 billion.

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