In this article, we discuss 5 best dividend aristocrat stocks to buy now. If you want to read our detailed analysis of dividend stocks and their performance, go directly to read 15 Best Dividend Aristocrat Stocks To Buy Now.
5. The Procter & Gamble Company (NYSE:PG)
Number of Hedge Fund Holders: 74
The Procter & Gamble Company (NYSE:PG) is an American multinational consumer goods company. It offers a quarterly dividend of $0.9407 per share and has a dividend yield of 2.52%, as of September 26. The company has been growing its dividends consistently for the past 67 years, which makes it one of the best dividend aristocrat stocks on our list.
At the end of Q2 2023, 74 hedge funds in Insider Monkey’s database reported having stakes in The Procter & Gamble Company (NYSE:PG), compared with 75 in the previous quarter. The overall value of these stakes is over $5.3 billion.
Follow Procter & Gamble Co (NYSE:PG)
Follow Procter & Gamble Co (NYSE:PG)
4. The Sherwin-Williams Company (NYSE:SHW)
Number of Hedge Fund Holders: 78
The Sherwin-Williams Company (NYSE:SHW) is a global leader in the paint and coatings industry. The company specializes in the development, manufacture, distribution, and sale of paints, coatings, and related products. It has been growing its dividends consistently for the past 44 years, which makes it one of the best dividend aristocrat stocks on our list. The company currently pays a quarterly dividend of $0.605 per share and has a dividend yield of 0.95%, as of September 26.
The number of hedge funds tracked by Insider Monkey owning stakes in The Sherwin-Williams Company (NYSE:SHW) grew to 78 in Q2 2023, from 68 in the previous quarter. The collective value of these stakes is over $4.5 billion.
Follow Sherwin Williams Co (NYSE:SHW)
Follow Sherwin Williams Co (NYSE:SHW)
3. Walmart Inc. (NYSE:WMT)
Number of Hedge Fund Holders: 81
Walmart Inc. (NYSE:WMT) ranks third on our list of the best dividend aristocrat stocks to buy now. The American retail corporation was a part of 81 hedge fund portfolios at the end of Q2 2023. The stakes owned by these hedge funds have a collective value of over $5.4 billion.
Walmart Inc. (NYSE:WMT)’s dividend growth streak stands at 50 years. The company pays a quarterly dividend of $0.57 per share for a dividend yield of 1.40%, as recorded on September 26.
Follow Walmart Inc. (NYSE:WMT)
Follow Walmart Inc. (NYSE:WMT)
2. S&P Global Inc. (NYSE:SPGI)
Number of Hedge Fund Holders: 82
S&P Global Inc. (NYSE:SPGI) is a leading global provider of essential financial information, analytics, and data services. The company plays a critical role in the financial industry by offering a wide range of products and services that enable businesses and investors to make informed decisions. The company has been raising its dividends consistently for the past 50 years and currently pays a quarterly dividend of $0.90 per share. The stock has a dividend yield of 0.98%, as of September 26.
At the end of the June quarter of 2023, 82 hedge funds tracked by Insider Monkey reported having stakes in S&P Global Inc. (NYSE:SPGI), worth nearly $8.3 billion.
Follow S&P Global Inc. (NYSE:SPGI)
Follow S&P Global Inc. (NYSE:SPGI)
1. Johnson & Johnson (NYSE:JNJ)
Number of Hedge Fund Holders: 88
An American multinational corporation, Johnson & Johnson (NYSE:JNJ) has been raising its dividends consistently for the past 61 years. The company offers a quarterly dividend of $1.19 per share for a dividend yield of 2.99%, as of September 26. It tops our list of the best dividend aristocrat stocks to buy now.
As of the close of Q2 2023, 88 hedge funds owned stakes in Johnson & Johnson (NYSE:JNJ), up from 86 in the previous quarter, according to Insider Monkey’s database. These stakes are worth over $4.1 billion in total.
Follow Johnson & Johnson (NYSE:JNJ)
Follow Johnson & Johnson (NYSE:JNJ)
You can also take a look at 15 Best Performing Shitcoins in 2023 and 13 Best American Energy Stocks To Buy Now
