5 Best Consumer Cyclical Dividend Stocks To Invest In

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2. The Home Depot, Inc. (NYSE:HD)

Number of Hedge Fund Holders: 70

An American home improvement company, The Home Depot, Inc. (NYSE:HD) announced a 7.7% hike in its quarterly dividend to $2.25 per share on February 20. Through this increase, the company achieved its 14th consecutive annual dividend hike, which makes HD one of the best dividend stocks from the consumer cyclical sector. As of February 21, the stock has a dividend yield of 2.31%.

At the end of December 2023, 70 hedge funds in Insider Monkey’s database reported having stakes in The Home Depot, Inc. (NYSE:HD), down from 76 in the preceding quarter. The collective value of these stakes is roughly $6 billion.

Follow Home Depot Inc. (NYSE:HD)

You can also take a look at 15 Best Large-Cap Stocks to Buy in 2024 and 12 Best Blue Chip Stocks To Invest In According to Hedge Funds

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