5 Best Aristocrat Dividend Stocks to Buy

1. The Procter & Gamble Company (NYSE: PG)

Number of Hedge Fund Holders: 83
Dividend Yield: 2.52%

Topping the list of the 10 best aristocrat dividend stocks to buy is international branded products distributor Procter & Gamble Company (NYSE: PG). The Ohio-based firm owns consumer goods brands including Oral-B, Gillette, Downy, Mr. Clean, Vicks, and Pampers to name a few. The Procter & Gamble Company (NYSE: PG) has increased its annual dividend for 65 years in a row and maintains a fair payout ratio of 57%. The company last increased its payout in April 2021 by 10% to $0.87 per share. In fiscal 2021, P&G plans to pay out more than $8 billion in dividends.

The Procter & Gamble Company (NYSE: PG) has a market cap of $338 billion. The company’s revenue in the third quarter of 2021 came in at $18.1 billion. Net income increased to $3.27 billion, or $1.26 per share, for the third quarter ended March 31, up from $2.92 billion, or $1.12 per share, a year earlier. Shares of PG climbed 20% over the past twelve months. On April 21, Deutsche Bank maintained its “Buy” rating on The Procter & Gamble Company with a lower price target of $158 per share. 

At the end of the fourth quarter of 2020, 83 hedge funds in the database of Insider Monkey held stakes worth $10.4 billion in The Procter & Gamble Company (NYSE: PG) which is an increase from 75 hedge funds in the previous quarter holding stakes worth $10.1 billion.

You can also take a peek at 10 Best Active Stocks to Buy Now and 10 Best Staffing Company Stocks to Buy.

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