5 Best Dividend Stocks on Robinhood

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

Number of Hedge Fund Holders: 78

Merck & Co., Inc. (NYSE:MRK) is a global pharmaceutical and healthcare company that is engaged in various aspects of the healthcare and life sciences industries. The company’s dividend growth streak currently stands at 11 years and it pays a quarterly dividend of $0.73 per share. The stock has a dividend yield of 2.81%, as of November 7.

At the end of Q2 2023, 78 hedge funds in Insider Monkey’s database owned stakes in Merck & Co., Inc. (NYSE:MRK), up from 75 in the previous quarter. These stakes are collectively worth over $2.65 billion.

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