5 Best European Dividend Stocks to Buy

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1. Linde PLC (NASDAQ:LIN)

Number of Hedge Fund Investors: 71

Chemical company Linde PLC (NASDAQ:LIN) shares were spotted in 71 hedge fund portfolios as of the end of the third quarter of 2023. Linde PLC (NASDAQ:LIN) during its Q3 earnings call said while it’s committed to dividends its main focus is investing in business:

“While our mandate is to maintain an A credit rating and grow the dividend, the priority for our capital is to invest into the business. This follows our time-tested investment criteria, which has enabled Linde to consistently achieve industry-leading ROC year-after-year. After investing into the business, surplus cash is used for share repurchases. Having a strong balance sheet, stable cash generation and an active stock repurchase program enables value-creating opportunities during turbulent markets.

In fact, our best stock repurchases happen when equity markets overreact. This is why we recently announced a new $15 billion stock repurchase program, allowing us to optimize our excess free cash flow and robust balance sheet.”

Read the entire earnings call transcript here.

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