5 Best Low-Risk Dividend Stocks To Invest In

2. Eli Lilly and Company (NYSE:LLY)

Number of Hedge Fund Holders: 87
Beta Value: 0.33

Eli Lilly and Company (NYSE:LLY) is a multinational pharmaceutical company that is mainly known for its portfolio of prescription medications in various therapeutic areas. The company holds a strong 138-year-long streak of consistent dividend payments while maintaining a 10-year track record of dividend growth. The company offers a quarterly dividend of $1.13 per share and has a dividend yield of 0.77%, as of October 21.

Eli Lilly and Company (NYSE:LLY) remained popular among hedge fund investors at the end of Q2 2023 with hedge fund positions jumping to 87, from 72 in the previous quarter, according to Insider Monkey’s database. The total value of stakes owned by these hedge funds is over $5.07 billion.

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