5 Best December Dividend Stocks to Buy

2. SL Green Realty Corp. (NYSE:SLG)

Dividend Yield as of December 6: 8.75%

SL Green Realty Corp. (NYSE:SLG) is an American real estate investment trust company that invests in office buildings and shopping centers. In December, BMO Capital maintained a Market Perform rating on the stock with a $41 price target, highlighting the company’s improved performance in recent quarters.

In Q3 2022, SL Green Realty Corp. (NYSE:SLG) posted an FFO of $1.66, which surpassed Street estimates by $0.01. The company’s revenue came in at $212.4 million, up 3.5% from the same period last year. It had $201 million available in cash and cash equivalents at the end of September and its total assets stood at $12.7 billion.

SL Green Realty Corp. (NYSE:SLG) has been raising its dividends consistently for the past 11 years. The company pays a monthly dividend of $0.2708 per share and has a dividend yield of 8.75%, as of December 6.

SL Green Realty Corp. (NYSE:SLG) saw growth in hedge fund positions in Q3 2022, as 23 funds tracked by Insider Monkey owned stakes in the company, up from 18 in the previous quarter. These stakes have a total value of nearly $184 million. With 1.3 million shares, Marshall Wace LLP was the company’s leading stakeholder in Q3.