5 Best April Dividend Stocks To Invest In

In this article, we discuss 5 best April dividend stocks to invest in. If you want to read our detailed analysis of dividend stocks and their performance in the past, go directly to read 11 Best April Dividend Stocks To Invest In. 

5. Mid-America Apartment Communities, Inc. (NYSE:MAA)

Ex-Dividend Date: April 12

Mid-America Apartment Communities, Inc. (NYSE:MAA) is an American real estate investment trust company that acquires and manages multifamily apartment communities. On March 19, the company declared a quarterly dividend of $1.47 per share, which was in line with its previous dividend. It has been rewarding shareholders with growing dividends for the past 13 years, which makes MAA one of the best dividend stocks on our list. The stock has a dividend yield of 4.46%, as of March 28.

At the end of the fourth quarter of 2023, 23 hedge funds tracked by Insider Monkey held stakes in Mid-America Apartment Communities, Inc. (NYSE:MAA), up from 19 in the previous quarter. The collective value of these stakes is over $524.3 million. With over 1.2 million shares, Balyasny Asset Management was the company’s leading stakeholder in Q4.

4. Hormel Foods Corporation (NYSE:HRL)

Ex-Dividend Date: April 12

Hormel Foods Corporation (NYSE:HRL) is a Minnesota-based food processing company that manufactures and sells a wide variety of food products to consumers globally. On March 25, the company announced a quarterly dividend of $0.2825 per share, which was consistent with its previous dividend. The stock has a dividend yield of 3.24%, as of March 28. With a dividend growth streak of 58 years, HRL is one of the best dividend stocks on our list.

At the end of the December quarter of 2023, 25 hedge funds, up from 18 in the previous quarter, held stakes in Hormel Foods Corporation (NYSE:HRL), as per Insider Monkey’s database. These stakes have a total value of more than $468 million.

3. CVS Health Corporation (NYSE:CVS)

Ex-Dividend Date: April 19

CVS Health Corporation (NYSE:CVS) is next on our list of the best dividend stocks that will be trading ex-dividend in April. The diversified healthcare company offers a quarterly dividend of $0.665 per share and has a dividend yield of 3.34%, as of March 28. The company’s cash flow generation remained strong in FY23, as its operating cash flow for the period came in at $13.4 billion. Moreover, it returned approximately $3.1 billion to shareholders through dividends in FY23.

CVS Health Corporation (NYSE:CVS) was a part of 67 hedge fund portfolios at the end of Q4 2023, up from 64 in the previous quarter, according to Insider Monkey’s database. The stakes held by these hedge funds have a total value of over $2.36 billion. Among these hedge funds, Marshall Wace LLP was the company’s leading stakeholder in Q4.

2. Colgate-Palmolive Company (NYSE:CL)

Ex-Dividend Date: April 19

Colgate-Palmolive Company (NYSE:CL) is a multinational consumer goods company that specializes in the production of household, healthcare, and personal care products. On March 14, the company declared a 4% hike in its quarterly dividend to $0.50 per share. This marked the company’s 62nd consecutive year of dividend growth, which makes CL one of the best dividend stocks on our list. The stock has a dividend yield of 2.22%, as recorded on March 28.

The number of hedge funds tracked by Insider Monkey owning stakes in Colgate-Palmolive Company (NYSE:CL) grew to 54 in Q4 2023, from 52 in the preceding quarter. The total worth of these stakes is nearly $3 billion.

1. NiSource Inc. (NYSE:NI)

Ex-Dividend Date: April 29

NiSource Inc. (NYSE:NI) tops our list of the best dividend stocks as it will be trading ex-dividend on April 29. The American utilities company offers a quarterly dividend of $0.265 per share, having raised it by 6% in January this year. The company holds a 12-year streak of consistent dividend growth. As of March 28, the stock has a dividend yield of 3.86%.

At the end of December 2023, 33 hedge funds in Insider Monkey’s database held stakes in NiSource Inc. (NYSE:NI), compared with 36 in the previous quarter. The overall value of these stakes is over $1.1 billion. With over 7.7 million shares, Millennium Management was the company’s leading stakeholder in Q4.

Should you invest $1,000 in NiSource right now?

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You can also take a look at Billionaire Stanley Druckenmiller’s Top 12 Stock Picks and Billionaire Investor Stan Druckenmiller and Insiders Are Piling Into These 11 Stocks