5 Best Dividend Paying Stocks To Buy Now

In this article, we discuss 5 best dividend paying stocks to buy now. If you want to read our detailed analysis of dividend stocks and their previous performance, go directly to read 15 Best Dividend Paying Stocks To Buy Now.

5. JPMorgan Chase & Co. (NYSE:JPM)

Number of Hedge Fund Holders: 109

JPMorgan Chase & Co. (NYSE:JPM) is one of the largest and most prominent financial institutions globally, providing a wide range of financial services to individuals, businesses, and institutional clients. In December 2023, the company declared a quarterly dividend of $1.05 per share, which was in line with its previous dividend. With a dividend yield of 2.43% as of January 30, JPM is one of the best dividend paying stocks on our list.

At the end of the third quarter of 2023, 109 hedge funds reported having stakes in JPMorgan Chase & Co. (NYSE:JPM), up from 106 in the previous quarter, according to Insider Monkey’s database. The total value of these stakes is over $6.6 billion.

4. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 134

An American multinational tech company, Apple Inc. (NASDAQ:AAPL) is next on our list of the best dividend paying stocks to buy now. The company holds an 11-year track record of consistent dividend growth and it currently offers a quarterly dividend of $0.24 per share. As of January 30, the stock has a dividend yield of 0.50%.

Apple Inc. (NASDAQ:AAPL) was a part of 134 hedge fund portfolios at the end of Q3 2023, down slightly from 135 in the previous quarter, as per Insider Monkey’s database. The stakes owned by these hedge funds have a collective value of nearly $180 billion.

3. Mastercard Incorporated (NYSE:MA)

Number of Hedge Fund Holders: 140

Mastercard Incorporated (NYSE:MA) operates a global payment network that connects financial institutions, merchants, and consumers. The company facilitates electronic transactions by providing a range of financial products and services, particularly in the field of payment processing. In December 2023, the company achieved its 11th consecutive annual dividend increase, which makes MA one of the best dividend paying stocks on our list. It currently pays a quarterly dividend of $0.66 per share and has a dividend yield of 0.60%, as of January 30.

Insider Monkey’s database of Q3 2023 indicated that 140 hedge funds owned stakes in Mastercard Incorporated (NYSE:MA), up from 139 in the previous quarter. The consolidated value of these stakes is more than $15.2 billion. With nearly 6 million shares, Akre Capital Management was the company’s leading stakeholder in Q3.

2. Visa Inc. (NYSE:V)

Number of Hedge Fund Holders: 167

Visa Inc. (NYSE:V) is an American global payments technology company that provides a wide range of financial services and electronic payment solutions. On January 25, the company announced a quarterly dividend of $0.52 per share, which was in line with its previous dividend. Overall, it has been rewarding shareholders with growing dividends for the past 15 years, which places V on our list of the best dividend paying stocks. The stock’s dividend yield on January 30 came in at 0.76%.

Of the 910 hedge funds tracked by Insider Monkey at the end of Q3 2023, 167 hedge funds owned stakes in Visa Inc. (NYSE:V), compared with 171 in the previous quarter. These stakes have a total value of over $24.4 billion.

1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 306

Microsoft Corporation (NASDAQ:MSFT) ranks first on our list of the best dividend paying stocks to buy now. The American multinational tech giant offers a quarterly dividend of $0.75 per share for a dividend yield of 0.73%, as of January 30. Its dividend growth streak currently spans over 17 years.

Insider Monkey’s database of 910 hedge funds showed that 306 funds held stakes in Microsoft Corporation (NASDAQ:MSFT) at the end of Q3 2023, up from 300 in the preceding quarter. Their collective stake value is over $72 billion. Among these hedge funds, Bill & Melinda Gates Foundation Trust was the company’s leading stakeholder in Q3.

You can also take a look at 13 Best Long-Term Dividend Stocks To Buy Now and 12 Best Dividend Stocks Under $50