5 Best Long-Term Dividend Stocks To Buy Now

In this article, we discuss 5 best long-term dividend stocks to buy now. If you want to read our detailed analysis of dividend stocks and their previous performance, go directly to read 14 Best Long-Term Dividend Stocks To Buy Now. 

5. Verizon Communications Inc. (NYSE:VZ)

Number of Hedge Fund Holders: 63

Verizon Communications Inc. (NYSE:VZ) is an American multinational telecommunications company that offers networking solutions, data centers, and cloud services to its consumers. The company offers a quarterly dividend of $0.665 per share and has a dividend yield of 6.57%, as of May 13. It is one of the best dividend stocks on our list as the company has raised its payouts for 17 consecutive years.

Insider Monkey’s database of Q4 2023 indicated that 63 hedge funds owned stakes in Verizon Communications Inc. (NYSE:VZ), up from 61 in the preceding quarter. These stakes are worth over $2.6 billion in total.

4. The Procter & Gamble Company (NYSE:PG)

Number of Hedge Fund Holders: 71

The Procter & Gamble Company (NYSE:PG) is an Ohio-based multinational consumer goods manufacturing company. It holds one of the longest dividend growth streaks in the market, spanning over 68 years. The company currently pays a quarterly dividend of $1.0065 per share for a dividend yield of 2.42%, as of May 13. In the first quarter of 2024, the company returned $2.3 billion to shareholders through dividends, which makes PG one of the best dividend stocks on our list.

At the end of December 2023, 71 hedge funds in Insider Monkey’s database owned stakes in The Procter & Gamble Company (NYSE:PG), compared with 75 in the previous quarter. These stakes are valued at nearly $6 billion in total. With over 10.5 million shares, Fisher Asset Management was the company’s leading stakeholder in Q4.

3. Johnson & Johnson (NYSE:JNJ)

Number of Hedge Fund Holders: 81

An American multinational pharmaceutical industry company, Johnson & Johnson (NYSE:JNJ) is next on our list of the best dividend stocks for long-term investors. In April this year, the company achieved its 62nd annual consecutive dividend hike. Currently, it pays a quarterly dividend of $1.24 per share and has a dividend yield of 3.29%, as of May 13.

Of the 933 hedge funds tracked by Insider Monkey at the end of Q4 2023, 81 funds owned stakes in Johnson & Johnson (NYSE:JNJ), compared with 84 in the previous quarter. The consolidated value of these stakes is roughly $4 billion.

2. Broadcom Inc. (NASDAQ:AVGO)

Number of Hedge Fund Holders: 91

Broadcom Inc. (NASDAQ:AVGO) is a multinational tech company that specializes in semiconductors and related products. On March 8, the company declared a quarterly dividend of $5.25 per share, which was in line with its previous dividend. Its dividend growth streak currently spans over 13 years. The stock supports a dividend yield of 1.56%, as of May 13.

The number of hedge funds tracked by Insider Monkey owning stakes in Broadcom Inc. (NASDAQ:AVGO) jumped to 91 in Q4 2023, from 87 in the previous quarter. These stakes are valued at over $8.8 billion collectively. Among these hedge funds, Fisher Asset Management was the company’s largest stakeholder in Q4.

1. UnitedHealth Group Incorporated (NYSE:UNH)

Number of Hedge Fund Holders: 113

UnitedHealth Group Incorporated (NYSE:UNH) tops our list of the best dividend stocks for long-term investors. The American multinational health insurance and services company currently pays a quarterly dividend of $1.88 per share and has a dividend yield of 1.48%, as of May 13. The company has been growing its dividends consistently for the past 13 years.

At the end of Q4 2023, 113 hedge funds, up from 104 in the previous quarter, owned stakes in UnitedHealth Group Incorporated (NYSE:UNH), as per Insider Monkey’s database. GQG Partners was the company’s leading stakeholder in Q4.

You can also take a look at Jim Cramer Talks About 10 Consumer Stocks As Americans Push Back on High Prices and 10 Worst-Performing Stocks Insiders are Buying in 2024