5 Best High-Dividend Stocks to Buy Now

1. Medifast, Inc. (NYSE:MED)

Dividend Yield as of October 11: 5.52%

Medifast, Inc. (NYSE:MED) is a Maryland-based nutrition company that mainly provides weight loss services to its consumers. The company was added to DA Davidson’s ‘high-conviction small cap ideas’ as the firm sees the company growing in the coming years due to its strong financial and solid dividend yield.

Medifast, Inc. (NYSE:MED) started paying dividends in 2015 and has raised its dividends every year since. The company’s quarterly dividend jumped from $0.25 per share in 2015 to $1.64 per share in 2022. As of October 11, the stock has a dividend yield of 5.52%.

At the end of Q2 2022, 14 hedge funds tracked by Insider Monkey owned investments in Medifast, Inc. (NYSE:MED), compared with 19 a quarter earlier. The stakes owned by hedge funds have a collective value of over $193.6 million. Renaissance Technologies owned the largest stake in the company, worth over $137.2 million.

You can also take a look at 10 Best Passive Income Stocks to Buy Now and 10 Dividend Stocks That Are Too Cheap To Ignore

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