In this article, we will be looking at the 5 best dividend aristocrats with over 4% yield. To see our detailed analysis of dividend investing, you can go directly to the 10 Best Dividend Aristocrats with Over 4% Yield.
5. International Business Machines Corporation (NYSE: IBM)
Number of Hedge Fund Holders: 41
Dividend Yield: 4.59%
Number of Years of Consistent Dividend Growth: 26
International Business Machines Corporation (NYSE: IBM) is an information technology company that offers integrated solutions and services across the globe. The company ranks 5th on our list of the best dividend aristocrats with over 4% yield.
Katy Huberty from Morgan Stanley raised her price target on International Business Machines Corporation (NYSE: IBM) just this July, retaining her Equal Weight rating on the shares as well.
In the second quarter of 2021, International Business Machines Corporation (NYSE: IBM) had an EPS of $2.33, beating estimates by $0.04. The company’s revenue was $18.75 billion, up 3.43% year over year and beating estimates by $447.50 million. International Business Machines Corporation (NYSE: IBM) has also gained 16.58% in the past 6 months and 15.19% year to date.
By the end of the first quarter of 2021, 41 hedge funds out of the 866 tracked by Insider Monkey held stakes in International Business Machines Corporation (NYSE: IBM) worth roughly $1.35 billion. This is compared to 51 hedge funds in the previous quarter with a total stake value of approximately $998 million.
4. People’s United Financial, Inc. (NASDAQ: PBCT)
Number of Hedge Fund Holders: 20
Dividend Yield: 4.65%
Number of Years of Consistent Dividend Growth: 29
People’s United Financial, Inc. (NASDAQ: PBCT), the bank holding company for People’s United Bank, National Association, offers commercial banking, retail banking, and wealth management services to customers. The company ranks 4th on our list of the best dividend aristocrats with over 4% yield.
David Rochester, an analyst at Compass Point, raised his price target on People’s United Financial, Inc. (NASDAQ: PBCT) shares this May. The new price target is $19.50, up $1 from the price target of $18.50. Rochester has also retained his Neutral rating on the company’s shares.
In the second quarter of 2021, People’s United Financial, Inc. (NASDAQ: PBCT) had an EPS of $0.41, beating estimates by $0.08. The company’s revenue was $479.90, but missing estimates by $17.70 million. People’s United Financial, Inc. (NASDAQ: PBCT) has also gained 11.19% in the past 6 months and 21.99% year to date.
By the end of the first quarter of 2021, 20 hedge funds out of the 866 tracked by Insider Monkey held stakes in People’s United Financial, Inc. (NASDAQ: PBCT) worth roughly $208 million. This is compared to 29 hedge funds in the previous quarter with a total stake value of approximately $122 million.
3. Chevron Corporation (NYSE: CVX)
Number of Hedge Fund Holders: 41
Dividend Yield: 5.31%
Number of Years of Consistent Dividend Growth: 34
Chevron Corporation (NYSE: CVX), an energy company, ranks 3rd on our list of the best dividend aristocrats with over 4% yield. The company works in integrated energy, chemicals, and petroleum operations across the world.
Ryan Todd from Piper Sandler raised his price target on Chevron Corporation (NYSE: CVX) shares in July from $126 to $137 alongside reiterating his Overweight rating on the stock.
In the first quarter of 2021, Chevron Corporation (NYSE: CVX) had an EPS of $0.90, surpassing the previous quarter’s -$0.01 EPS. The company’s revenue was $32.03 billion, up 1.68% year over year and also crossing the previous quarter’s $25.25 billion revenue. Chevron Corporation (NYSE: CVX) has also gained 14.46% in the past 6 months and 19.17% year to date.
By the end of the first quarter of 2021, 41 hedge funds out of the 866 tracked by Insider Monkey held stakes in Chevron Corporation (NYSE: CVX) worth roughly $4.86 billion. This is compared to 50 hedge funds in the previous quarter with a total stake value of approximately $5.39 billion.
2. Exxon Mobil Corporation (NYSE: XOM)
Number of Hedge Fund Holders: 65
Dividend Yield: 5.95%
Number of Years of Consistent Dividend Growth: 38
Exxon Mobil Corporation (NYSE: XOM), another energy company, ranks 2nd on our list of the best dividend aristocrats with over 4% yield. The company had about 22,239 net-operated wells with proved reserves as of December 2020 and is based in Texas to explore and produce crude oil and natural gas in the US and across the globe.
Ryan Todd from Piper Sandler also raised his price target on Exxon Mobil Corporation (NYSE: XOM) to $69 this July. Todd has a Neutral rating on the company’s shares.
In the first quarter of 2021, Exxon Mobil Corporation (NYSE: XOM) had an EPS of $0.65, beating estimates by $0.05. The company’s revenue was $59.15 billion, up 5.32% year over year and beating estimates by $2.89 billion. Exxon Mobil Corporation (NYSE: XOM) has also gained 28.95% in the past 6 months and 40.92% year to date.
By the end of the first quarter of 2021, 65 hedge funds out of the 866 tracked by Insider Monkey held stakes in Exxon Mobil Corporation (NYSE: XOM) worth roughly $2.77 billion. This is compared to hedge 63 funds in the previous quarter with a total stake value of approximately $2.21 billion.
1. AT&T Inc. (NYSE: T)
Number of Hedge Fund Holders: 63
Dividend Yield: 7.38%
Number of Years of Consistent Dividend Growth: 36
AT&T Inc. (NYSE: T), a communication services company, provides a range of integrated telecommunication services across the globe and ranks 1st on our list of the best dividend aristocrats with over 4% yield.
Bryan Kraft, an analyst at Deutsche Bank, raised his price target on AT&T Inc. (NYSE: T) shares to $37 from $34 just this July. Kraft has retained his Buy rating on the stock as well, citing AT&T Inc.’s (NYSE: T) positive Q2 results while raising the price target.
In the second quarter of 2021, AT&T Inc. (NYSE: T) had an EPS of $0.89, beating estimates by $0.09. The company’s revenue was $44.05 billion, up 7.56% year over year and beating estimates by $1.32 billion.
By the end of the first quarter of 2021, 63 hedge funds out of the 866 tracked by Insider Monkey held stakes in AT&T Inc. (NYSE: T) worth roughly $2.70 billion. This is compared to 58 hedge funds in the previous quarter with a total stake value of approximately $1.04 billion.
You can also take a look at 10 Best Dividend Champions to Buy Now and 10 Best Dividend Aristocrats to Buy According to Hedge Funds.
