5 Best Dividend Stocks For Passive Income

3. The Sherwin-Williams Company (NYSE:SHW)

Number of Hedge Fund Holders: 78

The Sherwin-Williams Company (NYSE:SHW) is an American company that deals in the manufacturing, distribution, and sale of paints, coatings, and related products. In fiscal Q1 2023, the company reported a net operating cash flow of $88.2 million. It also paid over $458.2 million to shareholders through dividends.

The Sherwin-Williams Company (NYSE:SHW) has been growing its dividends consistently for the past 44 years and pays a quarterly dividend of $0.605 per share. The stock has a dividend yield of 0.97%, as of October 12.

At the end of Q2 2023, 78 hedge funds in Insider Monkey’s database owned investments in The Sherwin-Williams Company (NYSE:SHW), growing from 68 in the previous quarter. The consolidated value of these stakes is over $4.5 billion.

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