5 Best Dividend Stocks For Rising Interest Rates

In this article, we discuss 5 best dividend stocks for rising interest rates. If you want to read our detailed analysis of dividend stocks and their previous performance in the rising interest rate environments, go directly to read 13 Best Dividend Stocks for Rising Interest Rates.

5. The Procter & Gamble Company (NYSE:PG)

Number of Hedge Fund Holders: 71

The Procter & Gamble Company (NYSE:PG) is a multinational consumer goods corporation that specializes in a wide range of personal care, hygiene, and cleaning products. The company has raised its payouts for 67 consecutive years and offers a quarterly dividend of $0.9407 per share. With a dividend yield of 2.36% as of March 5, PG is one of the best dividend stocks for rising interest rates.

According to Insider Monkey’s database of Q4 2023, 71 hedge funds in Insider Monkey’s database reported having stakes in The Procter & Gamble Company (NYSE:PG), compared with 75 in the previous quarter. The total value of these stakes is roughly $6 billion. With over 10.5 million shares, Fisher Asset Management was the company’s leading stakeholder in Q4.

4. Chevron Corporation (NYSE:CVX)

Number of Hedge Fund Holders: 71

Chevron Corporation (NYSE:CVX) is one of the world’s largest integrated energy companies, involved in nearly every aspect of the energy industry, including exploration, production, refining, and marketing of petroleum, natural gas, and related products. In February 2023, the company achieved its 37th consecutive annual dividend hike, which makes CVX one of the best dividend stocks for rising interest rates. The company offers a quarterly dividend of $1.63 per share and has a dividend yield of 4.34%, as of March 5.

Insider Monkey’s database of Q4 2023 indicated that 71 hedge funds owned stakes in Chevron Corporation (NYSE:CVX), compared with 72 in the previous quarter. The consolidated value of these stakes is more than $21.6 billion. Warren Buffett’s Berkshire Hathaway was the company’s leading stakeholder in Q4.

3. Exxon Mobil Corporation (NYSE:XOM)

Number of Hedge Fund Holders: 85

Exxon Mobil Corporation (NYSE:XOM) is next on our list of the best dividend stocks for rising interest rates. The energy company has been growing its dividends for the past 41 years and offers a quarterly dividend of $0.95 per share. As of March 5, the stock has a dividend yield of 3.59%.

The number of hedge funds owning stakes in Exxon Mobil Corporation (NYSE:XOM) jumped to 85 in Q4 2023, from 79 in the previous quarter, as per Insider Monkey’s database. The overall value of these stakes is roughly $4.5 billion.

2. Bank of America Corporation (NYSE:BAC)

Number of Hedge Fund Holders: 96

Bank of America Corporation (NYSE:BAC) is one of the largest institutions in the US that offers a wide range of banking services to consumers through its extensive network of branches and ATMs across the country. The company pays a quarterly dividend of $0.24 per share and has a dividend yield of 2.70%, as of March 5. With a 24-year streak of consistent dividend payments, BAC is one of the best dividend stocks for rising interest rates.

Bank of America Corporation (NYSE:BAC) was a popular buy among hedge funds at the end of Q4 2023, with 96 funds having stakes in the company, up from 88 in the previous quarter, according to our database. These stakes are valued at nearly $40 billion in total.

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

Number of Hedge Fund Holders: 103

JPMorgan Chase & Co. (NYSE:JPM) tops our list of the best dividend stocks for rising interest rates. The American financial services company pays a quarterly dividend of $1.05 per share and has a dividend yield of 2.23%, as of March 5.

Insider Monkey’s database of Q4 2023 indicated that 103 hedge funds owned stakes in JPMorgan Chase & Co. (NYSE:JPM), compared with 109 in the preceding quarter. The total value of these stakes is more than $9 billion.

You can also take a look at Jim Cramer’s Latest Lightning Round: 11 Stock Recommendations and 13 Best Pharma Dividend Stocks To Buy in 2024