5 Best January Dividend Stocks To Buy

In this article, we discuss 5 best January dividend stocks to buy. If you want to read our detailed analysis of dividend stocks and their performance over the years, go directly to read 10 Best January Dividend Stocks To Buy.

5. Accenture plc (NYSE:ACN)

Ex-Dividend Date: January 17

Accenture plc (NYSE:ACN) is a global professional services company that offers a wide range of services across various industries. The company also provides consulting services to businesses and organizations worldwide. The company currently pays a quarterly dividend of $1.29 per share, having raised it by 15.2% in September 2023. This marked the company’s fourth consecutive year of dividend growth. With a dividend yield of 1.53%, as of January 4, ACN is one of the best dividend stocks on our list.

As of the end of Q3 2023, 55 hedge funds in Insider Monkey’s database reported having stakes in Accenture plc (NYSE:ACN), compared with 56 in the previous quarter. The collective worth of these stakes is over $2 billion.

4. Pentair plc (NYSE:PNR)

Ex-Dividend Date: January 18

Pentair plc (NYSE:PNR) operates as a diversified industrial manufacturing company. They mainly specialize in water treatment and fluid handling solutions. On December 11, the company hiked its quarterly dividend by 5% to $0.23 per share. This marked the company’s 48th consecutive year of dividend growth, which places PNR as one of the best dividend stocks on our list. As of January 4, the stock has a dividend yield of 1.35%.

At the end of September 2023, 36 hedge funds tracked by Insider Monkey reported owning stakes in Pentair plc (NYSE:PNR), growing from 33 in the previous quarter. The consolidated value of these stakes is over $1.57 billion. With roughly 10 million shares, Impax Asset Management was the company’s leading stakeholder in Q3.

3. Williams-Sonoma, Inc. (NYSE:WSM)

Ex-Dividend Date: January 18

Williams-Sonoma, Inc. (NYSE:WSM) is a well-known American retail company specializing in high-quality home furnishings and kitchenware. The company pays a quarterly dividend of $0.90 per share and has a dividend yield of 1.85%, as of January 4. It is one of the best dividend stocks on our list as the company has raised its dividends for 14 years straight. The stock will go ex-dividend on January 18.

Williams-Sonoma, Inc. (NYSE:WSM) was a part of 31 hedge fund portfolios at the end of Q3 2023, compared with 33 in the preceding quarter, according to Insider Monkey’s database. The total value of stakes owned by these hedge funds is roughly $1 billion.

2. Caterpillar Inc. (NYSE:CAT)

Ex-Dividend Date: January 19

Caterpillar Inc. (NYSE:CAT) is one of the world’s largest manufacturers of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It is one of the best dividend stocks on our list as the company has been growing its dividends for the past 29 years. It currently offers a quarterly dividend of $1.30 per share and has a dividend yield of 1.83%, as recorded on January 4.

As of the end of the third quarter of 2023, 50 hedge funds tracked by Insider Monkey owned stakes in Caterpillar Inc. (NYSE:CAT), which remained the same as in the previous quarter. The collective value of these stakes is roughly $5 billion. Among these hedge funds, Fisher Asset Management was the company’s leading stakeholder in Q3.

1. Pfizer Inc. (NYSE:PFE)

Ex-Dividend Date: January 25

Pfizer Inc. (NYSE:PFE) tops our list of the best dividend stocks. The American pharmaceutical company offers a quarterly dividend of $0.42 per share, growing it by 2.4% in December 2023. Through this increase, the company stretched its dividend growth streak to 14 years. The stock’s dividend yield on January 4 came in at 5.65%. PFE will be trading ex-dividend on January 25.

At the end of Q3 2023, 73 hedge funds tracked by Insider Monkey held stakes in Pfizer Inc. (NYSE:PFE), which remained unchanged from the previous quarter. These stakes are worth over $2.4 billion in total.

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