5 Best Dividend Stocks For Passive Income

2. Union Pacific Corporation (NYSE:UNP)

Number of Hedge Fund Holders: 84

Union Pacific Corporation (NYSE:UNP) is an American major transportation and logistics company. It maintains a 16-year streak of consistent dividend growth, which makes it one of the best dividend stocks for passive income. The company pays a quarterly dividend of $1.30 per share and has a dividend yield of 2.50%, as recorded on October 12.

At the end of June 2023, 84 hedge funds tracked by Insider Monkey owned stakes in Union Pacific Corporation (NYSE:UNP), compared with 85 in the previous quarter. The consolidated value of these stakes is over $4.15 billion. With over 8.2 million shares, Soroban Capital Partners was the company’s leading stakeholder in Q2.

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