5 Best Halal Dividend Stocks To Buy

1. V.F. Corporation (NYSE:VFC)

Dividend Yield as of December 7: 7.10%

V.F. Corporation (NYSE:VFC) is an American multinational apparel and footwear company that manages its 13 brands. In fiscal Q2 2023, the company reported revenue of $3.08 billion, which fell by 3.8% from the same period last year. It returned $194 million to shareholders in dividends during the quarter. At the end of September, the company had $552.8 million available in cash and cash equivalents.

V.F. Corporation (NYSE:VFC) has been raising its dividends consistently for the past 48 years. The company offers a quarterly payout of $0.50 per share and has a dividend yield of 7.10%, as of December 7.

At the end of Q3 2022, 26 hedge funds in Insider Monkey’s database owned stakes in V.F. Corporation (NYSE:VFC), compared with 29 in the previous quarter. The collective value of these stakes is nearly $280 million.

Diamond Hill Capital mentioned V.F. Corporation (NYSE:VFC) in its Q3 2022 investor letter. Here is what the firm has to say:

“Our weakest performer in Q3 was apparel and footwear company V.F. Corporation (NYSE:VFC). Consumer spending concerns weighed on the market’s sentiment toward companies selling more discretionary goods. Additionally, management lowered guidance primarily due to weaker sales for its Vans brand, higher-than-expected industry discounting, and macroeconomic uncertainty. The remainder of the portfolio is performing well, as evidenced by solid refreshed long-term financial targets.”

You can also take a look at 15 Best Consistent Dividend Stocks to Buy and 13 Best Consumer Staples Dividend Stocks to Buy Now

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