5 Best Industrial Dividend Stocks To Buy Now

2. FedEx Corporation (NYSE:FDX)

Number of Hedge Fund Holders: 67

FedEx Corporation (NYSE:FDX) is a well-known worldwide company that specializes in logistics and delivery services, boasting an expansive network within the transportation and shipping sector. The company has a quarterly payout of $1.26 per share, offering a dividend yield of 1.86%, as of December 11. It is one of the best dividend stocks on our list due to its consistent dividend growth over the past three years.

FedEx Corporation (NYSE:FDX) was a part of 67 hedge fund portfolios at the end of Q3 2023, up from 62 a quarter earlier, according to Insider Monkey’s database. The stakes held by these hedge funds have a collective value of nearly $3 billion.

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