5 Best Dividend Paying Stocks to Buy Now

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1. Microsoft Corporation (NASDAQ:MSFT)

Dividend Yield as of December 12: 1.08%

Number of Hedge Fund Holders: 269

Microsoft Corporation (NASDAQ:MSFT) ranks #1 on our list of 12 Best Dividend Paying Stocks to Buy Now given 269 hedge funds in our database owned shares of the tech giant at the end of Q3. In terms of its dividends, Microsoft Corporation (NASDAQ:MSFT) has increased its annual dividend for 19 straight years and the software maker has a dividend yield of 1.08% as a result. Although it is already a giant company, Microsoft Corporation (NASDAQ:MSFT) has potential especially in AI. Given it invested $1 billion in the nonprofit maker of ChatGPT, OpenAI, in July 2019, Microsoft Corporation (NASDAQ:MSFT) is likely pretty advanced in AI as well.

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