5 Best GARP Stocks That Pay Dividends

2. Applied Materials, Inc. (NASDAQ:AMAT)

Number of Hedge Fund Holders: 84
P/E Ratio as of June 14: 18.40
Estimated EPS Growth for FY23: 7.39%

Applied Materials, Inc. (NASDAQ:AMAT) is a California-based company that specializes in semiconductor chips. It is among the best GARP stocks on our list with a P/E ratio of 18.40, as of June 14.

Applied Materials, Inc. (NASDAQ:AMAT) has been raising its dividends consistently for the past six years. The company offers a quarterly dividend of $0.32 per share and has a dividend yield of 0.92%, as recorded on June 14.

Applied Materials, Inc. (NASDAQ:AMAT) was a popular buy among hedge funds in Q1 2023, as 84 funds in Insider Monkey’s database owned stakes in the company, up from 70 a quarter earlier. Their collective stake value is $4.4 billion.

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