5 Best Consumer Cyclical Dividend Stocks To Buy Now

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1. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 135

An American multinational tech giant, Apple Inc. (NASDAQ:AAPL) ranks first on our list of the best dividend stocks from the consumer cyclical sector. The company has been raising its dividends consistently for the past nine years and currently pays a quarterly dividend of $0.23 per share. The stock has a dividend yield of 0.58%, as of March 27.

As of the close of Q4 2022, 135 hedge funds tracked by Insider Monkey reported having stakes in Apple Inc. (NASDAQ:AAPL), with a total value of over $136 billion.

Distillate Capital mentioned Apple Inc. (NASDAQ:AAPL) in its Q4 2022 investor letter. Here is what the firm has to say:

“The largest new purchase was Apple Inc. (NASDAQ:AAPL), which after underperforming saw its valuation improve significantly. Over the course of the last year, Apple’s consensus estimated forward free cash flows rose modestly, while its enterprise value fell by around 30%. Apple ranks below the 25th most attractive name in the portfolio and so its weight is capped at 4% vs. 6% for names in the top quartile.”

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