5 Best Dividend Stocks For Passive Income

4. Merck & Co., Inc. (NYSE:MRK)

Number of Hedge Fund Holders: 78

Merck & Co., Inc. (NYSE:MRK) is a leading global pharmaceutical company that operates in the healthcare and life sciences industry. The company currently pays a quarterly dividend of $0.73 per share and has a dividend yield of 2.82%, as of October 12. It maintains an 11-year streak of consistent dividend growth, which places it as one of the best dividend stocks for passive income.

At the end of the second quarter of 2023, 78 hedge funds owned stakes in Merck & Co., Inc. (NYSE:MRK), up from 75 a quarter earlier, according to Insider Monkey’s database. The consolidated value of these stakes is over $2.65 billion.

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