5 Best ESG Dividend Stocks to Buy According to Al Gore

2. Baxter International Inc. (NYSE:BAX)

Generation Investment Management’s Stake Value: $836,163,000

Baxter International Inc. (NYSE:BAX) is an American multinational healthcare company that specializes in kidney diseases and other chronic conditions. In Q2 2022, Generation Investment owned over 13 million shares in the company, worth over $836 million. The company represented 4.55% of the firm’s 13F portfolio.

Baxter International Inc. (NYSE:BAX) is one of the best dividend stocks on our list as the company has been raising its dividends consistently for the past five years. It currently pays a quarterly dividend of $0.29 per share and has a dividend yield of 2.09%, as recorded on October 28.

In October, Barclays initiated its coverage of Baxter International Inc. (NYSE:BAX) with an Overweight rating and a $64 price target, highlighting the company’s higher growth and higher margins.

At the end of Q2 2022, Baxter International Inc. (NYSE:BAX) was a part of 37 hedge fund portfolios according to Insider Monkey’s database. The stakes owned by these hedge funds have a total value of over $1.77 billion. Two Sigma Advisors was one of the company’s leading stakeholders in Q2.