5 Best Consistent Dividend Stocks to Buy

3. Stanley Black & Decker, Inc. (NYSE:SWK)

Dividend Yield as of November 9: 4.28%

Stanley Black & Decker, Inc. (NYSE:SWK) manufactures industrial products and other security products. In Q3 2022, the company reported revenue of $4.1 billion, which showed a 9% growth from the same period last year. At the end of October, the company had over $408 million available in cash and cash equivalents, compared with $142 million nine months ago. It expects to generate $300 million to $600 million in free cash flow in Q4 2022.

Stanley Black & Decker, Inc. (NYSE:SWK), one of the best dividend stocks, has been making regular dividend payments to shareholders for the past 146 years. Moreover, the company has raised its payouts consecutively since 1968. It currently pays a quarterly dividend of $0.80 per share and has a dividend yield of 4.28%, as of November 9.

In October, Mizuho maintained a Neutral rating on Stanley Black & Decker, Inc. (NYSE:SWK) with an $80 price target, expressing concerns regarding the challenging market environment.

As of the close of Q2 2022, 32 hedge funds in Insider Monkey’s database owned stakes in Stanley Black & Decker, Inc. (NYSE:SWK), compared with 38 a quarter earlier. The collective value of these stakes is roughly $497 million. Among these hedge funds, Greenhaven Associates was the company’s leading stakeholder in Q2.