In this article, we discuss 5 best consistent dividend stocks to invest in. If you want to read our detailed analysis of dividend stocks and their previous performance, go directly to read 16 Best Consistent Dividend Stocks to Invest In.
5. PepsiCo, Inc. (NASDAQ:PEP)
Number of Hedge Fund Holders: 68
PepsiCo, Inc. (NASDAQ:PEP) is an American multinational food and beverage company. The company pays a quarterly dividend of $1.265 per share and has a dividend yield of 3.04%, as of November 6. It is one of the best dividend stocks to invest in, considering the company’s 51-year-long dividend growth streak.
At the end of Q2 2023, 68 hedge funds tracked by Insider Monkey reported having stakes in PepsiCo, Inc. (NASDAQ:PEP), compared with 70 in the preceding quarter. These stakes are collectively valued at over $3.5 billion.
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4. Exxon Mobil Corporation (NYSE:XOM)
Number of Hedge Fund Holders: 71
An American multinational energy company, Exxon Mobil Corporation (NYSE:XOM) has been growing its dividends for 41 years running. The company currently pays a per-share dividend of $0.95 every quarter for a dividend yield of 3.59%, as recorded on November 6. Moreover, the company also returned approximately $8.1 billion to shareholders through dividends in its most recent quarter.
Out of the 910 hedge funds tracked by Insider Monkey, 71 funds owned stakes in Exxon Mobil Corporation (NYSE:XOM) at the end of Q2 2023. The total value of these stakes is more than $3.08 billion.
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3. Chevron Corporation (NYSE:CVX)
Number of Hedge Fund Holders: 73
Chevron Corporation (NYSE:CVX) is another best consistent dividend stock on our list, showcasing an impressive 36-year history of consistently increasing its dividends. This American energy company currently distributes a quarterly dividend of $1.51 per share, offering investors an attractive dividend yield of 4.11% as of November 6th.
Chevron Corporation (NYSE:CVX) was a part of 73 hedge fund portfolios at the end of Q2 2023, jumping from 64 in the previous quarter. The stakes held by these hedge funds are collectively valued at over $21.4 billion. One of the company’s leading shareholders was Warren Buffett’s Berkshire Hathaway.
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2. The Procter & Gamble Company (NYSE:PG)
Number of Hedge Fund Holders: 74
The Procter & Gamble Company (NYSE:PG) is a renowned American multinational corporation specializing in consumer goods. With an impressive track record of 67 consecutive years of dividend increases, the company presently provides shareholders with a quarterly dividend of $0.9407 per share. As of November 6th, the stock offers a dividend yield of 2.49%.
At the end of Q2 2023, 74 hedge funds tracked by Insider Monkey owned stakes in The Procter & Gamble Company (NYSE:PG), compared with 75 in the previous quarter. The combined value of these holdings amounted to an impressive sum exceeding $5.34 billion.
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1. Johnson & Johnson (NYSE:JNJ)
Number of Hedge Fund Holders: 88
Johnson & Johnson (NYSE:JNJ) tops our list of the best dividend stocks to invest in. American multinational healthcare corporation has an outstanding track record of consistently increasing its dividends for an impressive 61 consecutive years. The company currently distributes a quarterly dividend of $1.19 per share, offering investors an attractive dividend yield of 3.14%, as of November 6.
As of the close of Q2 2023, 88 hedge funds, up from 86 in the previous quarter, held stakes in Johnson & Johnson (NYSE:JNJ), according to Insider Monkey’s database. The consolidated value of these stakes is over $4.1 billion.
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You can also take a look at Where Should You Invest $1000 Right Now? and 10 High Risk High Reward Businesses in the US
