5 Best Dividend Aristocrats With Over 3% Yield

1. Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Dividend Yield as of October 16: 5.78%

Walgreens Boots Alliance, Inc. (NASDAQ:WBA) is widely known for its retail pharmacy chains, Walgreens and Boots. The holding company also specializes in the manufacturing and distribution of pharmaceutical products. In October, UBS reiterated its Neutral rating on the stock with a $37 price target, highlighting the maintenance of the company’s investment-grade credit rating.

On July 13, Walgreens Boots Alliance, Inc. (NASDAQ:WBA) declared a 0.5% hike in its quarterly dividend to $0.48 per share. The company has been raising its dividends consistently for the past 41 years. As of October 16, the stock’s dividend yield came in at 5.78%.

Of the 895 hedge funds in Insider Monkey’s database, 40 funds hold stakes in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) in Q2 2022, compared with 38 in the previous quarter. These stakes have a total value of roughly $600 million. Camber Capital Management was one of the company’s leading stakeholders in Q2.

You can also take a look at 10 Best High-Dividend Stocks to Buy Now and 10 Best REIT Dividend Stocks

Follow Insider Monkey on Twitter