5 Best June Dividend Stocks To Buy

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

5. Telephone and Data Systems, Inc. (NYSE:TDS)

Ex-Dividend Date: June 15
Dividend Yield as of May 27: 11.00%

Telephone and Data Systems, Inc. (NYSE:TDS) is an American telecommunication service company, based in Chicago. In the first quarter of 2023, the company reported mixed results as its revenue fell by 1.5% year-over-year at $1.3 billion. Its operating cash flow for the quarter came in at $46 million. For FY23, the company expects its service revenues to fall between $3.05 billion to $3.15 billion.

On May 19, Telephone and Data Systems, Inc. (NYSE:TDS) declared a quarterly dividend of $0.185 per share, which was in line with its previous dividend. The company has been rewarding shareholders with growing dividends for the past 48 years. The stock’s dividend yield on May 26 came in at 11%. One of the best dividend stocks on our list, TDS will be trading ex-dividend on June 15.

As per Insider Monkey’s database, 19 hedge funds owned stakes in Telephone and Data Systems, Inc. (NYSE:TDS) in Q1 2023, with a collective value of over $56.5 million. Mario Gabelli, Ken Griffin, and Richard Driehaus were some of the company’s major stakeholders in Q1.

4. American Tower Corporation (NYSE:AMT)

Ex-Dividend Date: June 15
Dividend Yield as of May 27: 3.45%

American Tower Corporation (NYSE:AMT) is an American real estate investment trust company that specializes in broadcast communications infrastructures. Barclays remained constructive on the company’s growth prospects in the coming quarters and lifted its price target on the stock in May to $233 with an Overweight rating on the shares.

American Tower Corporation (NYSE:AMT), one of the best dividend stocks, currently pays a quarterly dividend of $1.57 per share. The company holds an 11-year track record of consistent dividend growth. The stock has a dividend yield of 3.45% and will be going ex-dividend on June 15.

The number of hedge funds in Insider Monkey’s database owning stakes in American Tower Corporation (NYSE:AMT) grew to 65 in Q1 2023, from 61 in the previous quarter. The consolidated value of these stakes is over $3.2 billion.

ClearBridge Investments mentioned American Tower Corporation (NYSE:AMT)’s long-term growth prospects in its Q4 2022 investor letter.

“Real estate and communication services sectors generated positive returns but lagged others within the Russell 1000 Value Index. The Strategy benefited from its underweight in the real estate sector with American Tower Corporation (NYSE:AMT) as its only holding. REITs are generally perceived to be interest rate sensitive, which negatively impacted American Tower’s recent stock performance. However, we remain confident in the company’s highly durable and predictable business model, which is supported by long-term customer contracts and insatiable wireless data growth.”

3. Medtronic plc (NYSE:MDT)

Ex-Dividend Date: June 22
Dividend Yield as of May 27: 3.39%

Medtronic plc (NYSE:MDT) ranks third on our list of the best dividend stocks. It will be trading ex-dividend on June 22. The company hiked its dividend by 1.5% on May 25 to $0.69, which marked its 46th consecutive year of dividend growth. The stock’s dividend yield stood at 3.39% on May 27.

Medtronic plc (NYSE:MDT) recently announced earnings beat its fiscal Q4 2023 and FY23 report. In view of this, both Stifel and Evercore ISI raised their price targets on the stock in May to $92 and $100, respectively.

As of the close of Q1 2023, 52 hedge funds in Insider Monkey’s database were long Medtronic plc (NYSE:MDT). The collective value of stakes owned by these hedge funds is over $1.64 billion.

Carillon Tower Advisers mentioned Medtronic plc (NYSE:MDT) in its Q4 2022 investor letter and said:

“Medtronic plc (NYSE:MDT) announced disappointing clinical trial results for a new product in its pipeline and lowered its fiscal 2023 financial guidance due to lingering supply chain issues and slower than expected medical procedure recovery.”

2. Willis Towers Watson Public Limited Company (NASDAQ:WTW)

Ex-Dividend Date: June 29
Dividend Yield as of May 27: 1.48%

Willis Towers Watson Public Limited Company (NASDAQ:WTW) is a multinational insurance company, with headquarters in London, UK. BMO Capital kept its Market Perform rating on the stock in May with a $230 price target, appreciating the company’s transformation over the years and its expense efficiency program.

Willis Towers Watson Public Limited Company (NASDAQ:WTW) offers a per-share dividend of $0.84 every quarter. The company’s dividend growth streak stands at seven years, which makes it one of the best dividend stocks on our list. The stock has a dividend yield of 1.48%.

Willis Towers Watson Public Limited Company (NASDAQ:WTW) was a part of 42 hedge fund portfolios in Q1 2023, up from 36 in the previous quarter, as per Insider Monkey’s database. The collective worth of stakes owned by these funds is over $1.65 billion.

1. Air Products and Chemicals, Inc. (NYSE:APD)

Ex-Dividend Date: June 30
Dividend Yield as of May 27: 2.56%

Air Products and Chemicals, Inc. (NYSE:APD) tops our list of the best dividend stocks. The chemical industry company has raised its dividends for 41 years in a row. It currently pays a quarterly dividend of $1.75 per share and has a dividend yield of 2.56%. The stock will go ex-dividend on June 30.

At the end of Q1 2023, 48 hedge funds tracked by Insider Monkey had stakes in Air Products and Chemicals, Inc. (NYSE:APD), compared with 41 in the previous quarter. These stakes have a collective value of over $490.2 million.

You can also take a look at 13 Best Basic Materials Stocks to Buy Now and 11 Stocks with Heavy Insider Buying

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