5 Best Blue Chip Dividend Stocks to Invest In

1. Lincoln National Corporation (NYSE:LNC)

Dividend Yield as of August 26: 3.63%

Lincoln National Corporation (NYSE:LNC) is an American insurance company that offers multiple insurance and investment management businesses through its subsidiary companies. The company remained a popular buy among elite funds in Q2 2022, with 34 hedge fund positions, up from 25 in the previous quarter. The stakes owned by these funds have a total value of $451.4 million.

In July, JPMorgan set a $77 price target on Lincoln National Corporation (NYSE:LNC) with an Overweight rating on the shares, highlighting the insurance group’s advantage to declining Covid cases and higher rates.

Lincoln National Corporation (NYSE:LNC) pays a quarterly dividend of $0.45 per share, with a dividend yield of $3.63%. The company maintains an 11-year track record of consistent dividend growth.

You can also take a look at 10 Large-Cap Dividend Stocks with Over 5% Yield and 10 Best Blue Chip Dividend Stocks to Buy in August

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