5 Best High-Yield Dividend Stocks To Buy Now

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1. Pfizer Inc (NYSE:PFE)

Number of Hedge Fund Investors: 79

Pfizer Inc (NYSE:PFE) is a stock with a decent dividend yield as well as stock price growth potential. Recently, the FDA approved Pfizer Inc’s (NYSE:PFE) antibody-drug conjugate inotuzumab ozogamicin, marketed as Besponsa, for an additional indication in children with a form of leukemia.

A total of 79 hedge funds tracked by Insider Monkey had stakes in Pfizer Inc (NYSE:PFE).

Pfizer Inc (NYSE:PFE) has increased its dividend consistently for the past 13 years.

Diamond Hill Large Cap Strategy stated the following regarding Pfizer Inc. (NYSE:PFE) in its fourth quarter 2023 investor letter:

“Among our bottom contributors in Q4 were BorgWarner and Pfizer Inc. (NYSE:PFE). Biopharmaceutical company Pfizer was pressured as COVID sales were slower than expected in Q4. However, outside COVID-related sales, the base business is performing as expected, and the company is starting a cost-cutting program that should restore margins to pre-pandemic levels. We continue to like Pfizer for its diversified business, strong cash flow generation capabilities and balance sheet, and solid leadership under a quality CEO.”

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