5 Best Fortune 500 Dividend Stocks To Buy Now

In this article, we discuss 5 best Fortune 500 dividend stocks to buy now. If you want to read our detailed analysis of large-cap dividend stocks and their performance in the past, go directly to read  11 Best Fortune 500 Dividend Stocks To Buy Now.

5. UnitedHealth Group Incorporated (NYSE:UNH)

Number of Hedge Fund Holders: 104

UnitedHealth Group Incorporated (NYSE:UNH) is an American diversified healthcare company that provides health insurance services to millions of people, including medical, dental, vision, and pharmaceutical coverage. On November 8, the company declared a quarterly dividend of $1.88 per share, which was in line with its previous dividend. The company maintains a 13-year streak of consistent dividend growth. As of November 25, the stock has a dividend yield of 1.37%.

At the end of Q3 2023, 104 hedge funds in Insider Monkey’s database owned stakes in UnitedHealth Group Incorporated (NYSE:UNH), down from 111 in the preceding quarter. These stakes are collectively valued at nearly $11 billion.

4. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 134

An American multinational tech company, Apple Inc. (NASDAQ:AAPL) is next on our list of the best large-cap stocks. The company’s dividend growth streak currently spans over 11 years and it pays a quarterly dividend of $0.24 per share. The stock’s dividend yield on November 25 came in at 0.51%.

Apple Inc. (NASDAQ:AAPL) was a part of 134 hedge funds at the end of Q3 2023, compared with 135 in the previous quarter, as per Insider Monkey’s database. Warren Buffett’s Berkshire Hathaway was the company’s largest stakeholder among these hedge funds, owning stakes worth over $156.7 billion in the company.

3. Mastercard Incorporated (NYSE:MA)

Number of Hedge Fund Holders: 140

Mastercard Incorporated (NYSE:MA) is a global financial technology company primarily known for its payment processing network. The company currently pays a quarterly dividend of $0.57 per share and has a dividend yield of 0.55%, as of November 25. The company has been raising its dividends for 10 years running, which makes MA one of the best large-cap stocks.

The number of hedge funds tracked by Insider Monkey owning stakes in Mastercard Incorporated (NYSE:MA) grew to 140 in Q3 2023, from 139 in the preceding quarter. The collective value of these stakes is more than $15.2 billion.

2. Visa Inc. (NYSE:V)

Number of Hedge Fund Holders: 167

Visa Inc. (NYSE:V) is an American payments technology company that operates one of the largest electronic payment processing networks in the world. The company has been growing its payouts for the past 15 years and it currently pays a quarterly dividend of $0.52 per share. The stock has a dividend yield of 0.82%, as of November 25.

As of the end of the September quarter of 2023, 167 hedge funds in Insider Monkey’s database owned stakes in Visa Inc. (NYSE:V). These stakes are collectively worth over $24.4 billion. Among these hedge funds, TCI Fund Management was the company’s leading stakeholder in Q3.

1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 306

Microsoft Corporation (NASDAQ:MSFT) tops our list of the best large-cap stocks to invest in. The company currently pays a quarterly dividend of $0.75 per share, having raised it by 10% in September this year. Through this increase, the company stretched its dividend growth streak to 17 years. As of November 25, the stock has a dividend yield of 0.79%.

With 306 hedge fund positions, Microsoft Corporation (NASDAQ:MSFT) was the most popular stock among elite funds at the end of Q3 2023, according to Insider Monkey’s database. The stakes owned by these hedge funds have a consolidated value of over $72 billion.

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