5 Best High-Dividend Stocks to Buy Right Now

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1. Philip Morris International Inc. (NYSE:PM)

Number of Hedge Fund Holders: 68
Dividend Yield as of March 12: 5.51%

Philip Morris International Inc. (NYSE:PM) tops our list of the best high-dividend stocks. The world’s leading tobacco company has been rewarding shareholders with growing dividends for the past 14 years and currently pays a quarterly dividend of $1.30 per share. The stock’s dividend yield on March 12 came in at 5.51%.

Philip Morris International Inc. (NYSE:PM) ended the fourth quarter of 2023 with 68 hedge fund positions, up from 62 in the previous quarter, according to Insider Monkey’s database. The stakes owned by these hedge funds have a consolidated value of more than $5.5 billion.

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You can also take a look at 12 Best American Stocks To Buy In 2024 and 13 Oil Stocks with Biggest Upside

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