5 Best Income Stocks To Invest In

2. Eli Lilly and Company (NYSE:LLY)

Number of Hedge Fund Holders: 102

Eli Lilly and Company (NYSE:LLY) is a pharmaceutical company that focuses on discovering, developing, manufacturing, and marketing a wide range of pharmaceutical products and treatments across various therapeutic areas. On November 1, the company announced a quarterly dividend of $1.13 per share, which was in line with its previous dividend. The company has a 138-run of paying regular dividends to shareholders and also maintains a 9-year streak of consistent dividend growth. The stock’s dividend yield on November 23 came in at 0.76%.

The number of hedge funds in Insider Monkey’s database owning stakes in Eli Lilly and Company (NYSE:LLY) jumped to 102 in Q3 2023, from 87 in the preceding quarter. The total value of these stakes is over $9 billion.

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