5 Best FTSE Dividend Stocks To Invest In

1. Shell plc (NYSE:SHEL)

Number of Hedge Fund Holders: 41

Shell plc (NYSE:SHEL) tops our list of the best FTSE dividend stocks to invest in. The British multinational oil industry company declared a quarterly dividend of $0.662 per ADS having raised it by 15.1% from its previous dividend. The stock’s dividend yield on August 15 came in at 4.02%.

Shell plc (NYSE:SHEL) was a part of 41 hedge fund portfolios at the end of Q1 2023, up from 40 in the previous quarter, according to Insider Monkey’s database. The consolidated value of these stakes is over $2.75 billion.

Third Point Management mentioned Shell plc (NYSE:SHEL) in its Q2 2023 investor letter. Here is what the firm has to say:

“We initiated a position in Shell plc (NYSE:SHEL) in the summer of 2021 and highlighted the company’s significant discount to intrinsic value as well as to US-listed peers after decades of poor performance. While shares have performed well since we initiated the investment, the company still trades at staggering discount to intrinsic value and represents a compelling investment at current levels. We initially argued (and still believe) that the fastest path to improved performance and better valuation would be a separation of Shell’s business units to better attract shareholders and improve accountability, the latter of which was essential when the company was in the hands of executives who had demonstrated virtually no focus on shareholder value creation. (Click here to read the full text)

You can also take a look at 15 Best Consumer Discretionary Stocks to Buy and 10 Most Promising Penny Stocks According to Analysts

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