5 Best Dow Jones Dividend Stocks According to Analysts

In this article, we discuss 5 best Dow Jones dividend stocks according to analysts. If you want to read our detailed analysis of dividend stocks in the Dow and their performance over the years, go directly to read 13 Best Dow Jones Dividend Stocks According to Analysts. 

5. UnitedHealth Group Incorporated (NYSE:UNH)

Upside Potential as of February 22: 14.8%

UnitedHealth Group Incorporated (NYSE:UNH) is a diversified healthcare company that operates across various sectors within the healthcare industry. The company offers a quarterly dividend of $1.88 per share and has a dividend yield of 1.44%, as of February 22. It is among the best dividend stocks on our list as the company has been growing its dividends for the past 13 consecutive years.

UnitedHealth Group Incorporated (NYSE:UNH) saw a significant increase in hedge fund interest, with the number of hedge fund positions rising to 113 by the end of the quarter. This marked an increase from the 104 positions held in the previous quarter. The consolidated value of these stakes is more than $11.1 billion.

4. Honeywell International Inc. (NASDAQ:HON)

Upside Potential as of February 22: 15.17%

Honeywell International Inc. (NASDAQ:HON) is a multinational conglomerate that operates across various industries, providing a wide range of products and services. The company has raised its dividends for 13 consecutive years and currently offers a quarterly dividend of $1.08 per share. With a dividend yield of 2.17% as of February 22, HON is one of the best dividend stocks on our list.

Honeywell International Inc. (NASDAQ:HON) was a part of 55 hedge fund portfolios at the end of Q4 2023, down from 60 in the previous quarter, as per Insider Monkey’s database. The stakes owned by these hedge funds have a collective value of over $1.6 billion. Among these hedge funds, Adage Capital Management was the company’s leading stakeholder in Q4.

3. 3M Company (NYSE:MMM)

Upside Potential as of February 22: 15.8%

An American multinational conglomerate, 3M Company (NYSE:MMM) is next on our list of the best dividend stocks. The company holds a 66-year streak of consistent dividend growth and pays a quarterly dividend of $1.51 per share. The stock’s dividend yield on February 22 came in at 6.59%.

At the end of the fourth quarter of 2023, 62 hedge funds tracked by Insider Monkey owned stakes in 3M Company (NYSE:MMM), growing from 54 in the previous quarter. These stakes are collectively valued at over $1.75 billion.

2. Microsoft Corporation (NASDAQ:MSFT)

Upside Potential as of February 22: 16.7%

Microsoft Corporation (NASDAQ:MSFT) is a multinational technology company that develops, manufactures, licenses, supports, and sells a wide range of computer software, consumer electronics, and related services. The company has been growing its payouts for the past 11 years. It currently pays a quarterly dividend of $0.75 per share and has a dividend yield of 0.75%, as of February 22. With an upside potential of 16.7%, MSFt is one of the best dividend stocks on our list.

As per Insider Monkey’s database of Q4 2023, 302 hedge funds in Insider Monkey’s database owned stakes in Microsoft Corporation (NASDAQ:MSFT), compared with 306 in the previous quarter. These stakes have a total value of over $87.3 billion.

1. NIKE, Inc. (NYSE:NKE)

Upside Potential as of February 22: 16.8%

NIKE, Inc. (NYSE:NKE) tops our list of the best dividend stocks in the Dow according to analysts. The multinational corporation, known for its athletic footwear, apparel, equipment, and accessories, has been raising its dividends for the past 22 years. It offers a quarterly dividend of $0.37 per share and has a dividend yield of 1.41%, as of February 22.

At the end of the December quarter of 2023, 69 hedge funds in Insider Monkey’s database reported having stakes in NIKE, Inc. (NYSE:NKE), which remained unchanged from the previous quarter. These stakes are collectively worth over $3.53 billion.

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