5 Best FTSE Dividend Stocks To Invest In

On February 9, 2023, the company declared an interim dividend of £2.309 for each £0.25 ordinary share. This dividend will be paid out in four equal parts of £0.5772 per share in May 2023, August 2023, November 2023, and February 2024. The stock has a dividend yield of 9.28%, as of August 15.

The number of hedge funds tracked by Insider Monkey owning stakes in British American Tobacco p.l.c. (NYSE:BTI) grew to 22 at the end of Q1 2023, from 19 in the previous quarter. The total value of these stakes is over $1.34 billion.

Broyhill Asset Management mentioned British American Tobacco p.l.c. (NYSE:BTI) in its Q2 2023 investor letter. Here is what the firm has to say:

“In our year-end letter to investors, we explained why we had reduced our investment in Altria and reinvested the proceeds to increase our position in Philip Morris. This quarter, we exited the position completely, swapping our exposure for British American Tobacco p.l.c. (NYSE:BTI), as the valuation gap became too hard to ignore. Investors are rightly frustrated with the stock. In addition to the menthol ban, leadership change, and North Korea kerfuffle. BTI has mountains of debt piled on its balance sheet following the acquisition of Reynolds, which will limit options for capital allocation, namely more buybacks. While we’d love to see new management aggressively repurchasing stock at these prices – shares trade below 7x earnings – we don’t think buybacks are necessary for the investment to work from here.”

3. Prudential Financial, Inc. (NYSE:PRU)

Number of Hedge Fund Holders: 30

Prudential Financial, Inc. (NYSE:PRU) is a financial services company that operates in various sectors within the financial industry, providing a range of related services to its consumers. On August 8, the company declared a quarterly dividend of $1.25 per share, which was in line with its previous dividend. It is one of the best FTSE dividend stocks on our list as it has raised its payouts for 15 years in a row. The stock’s dividend yield on August 15 came in at 5.36%.

As of the close of Q1 2023, 30 hedge funds tracked by Insider Monkey reported having stakes in Prudential Financial, Inc. (NYSE:PRU), up from 29 in the previous quarter. These stakes have a consolidated value of over $275.5 million.

2. AstraZeneca PLC (NASDAQ:AZN)

Number of Hedge Fund Holders: 39

AstraZeneca PLC (NASDAQ:AZN) is a British-Swedish multinational pharmaceutical company. It specializes in the research, development, manufacturing, and marketing of prescription medications and pharmaceutical products. On July 28, the company declared its first interim dividend of $0.93 per share for a dividend yield of 2.18%, as recorded on August 15.

Insider Monkey’s Q1 2023 database indicated that 39 hedge funds owned stakes in AstraZeneca PLC (NASDAQ:AZN), compared with 42 in the previous quarter. The overall value of these stakes is over $275.7 million.

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)