5 Best Low-Risk Dividend Stocks To Invest In

In this article, we discuss 5 best low-risk dividend stocks to invest in. If you want to read our detailed analysis of dividend stocks and their performance, go directly to read 11 Best Low-Risk Dividend Stocks to Invest In.

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

Number of Hedge Fund Holders: 74
Beta Value: 0.47

An American multinational consumer goods company, The Procter & Gamble Company (NYSE:PG) is next on our list of the best dividend stocks on our list. The company offers a quarterly dividend of $0.9407 per share and has a dividend yield of 2.54%, as of October 21. In fiscal Q1 2024, it returned $2.3 billion to shareholders through dividends. The company has been raising its dividends consistently for the past 67 years.

At the end of Q2 2023, 74 hedge funds tracked by Insider Monkey reported having stakes in The Procter & Gamble Company (NYSE:PG), compared with 75 in the previous quarter. The collective value of these stakes is over $5.3 billion.

4. Merck & Co., Inc. (NYSE:MRK)

Number of Hedge Fund Holders: 78
Beta Value: 0.38

Merck & Co., Inc. (NYSE:MRK) is a global pharmaceutical company that is engaged in the research, development, manufacturing, and distribution of a wide range of medications. The company offers a quarterly dividend of $0.73 per share and has a dividend yield of 2.84%, as of October 21. It has been rewarding shareholders with growing dividends for the past 11 years.

As of the end of June 2023, 78 hedge funds owned stakes in Merck & Co., Inc. (NYSE:MRK), up from 75 a quarter earlier. The consolidated value of these stakes is over $2.65 billion. With roughly 3 million shares, AQR Capital Management was the company’s largest stakeholder in Q2.

3. Walmart Inc. (NYSE:WMT)

Number of Hedge Fund Holders: 81
Beta Value: 0.54

An American leading retail company, Walmart Inc. (NYSE:WMT) has been raising its dividends consistently for the past 50 years. The company pays a quarterly dividend of $0.57 per share and has a dividend yield of 1.44%, as of October 21.

Walmart Inc. (NYSE:WMT) was a part of 81 hedge fund portfolios at the end of Q2 2023, as per Insider Monkey’s database. The total value of stakes owned by these hedge funds is over $5.4 billion.

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.

1. UnitedHealth Group Incorporated (NYSE:UNH)

Number of Hedge Fund Holders: 111
Beta Value: 0.65

UnitedHealth Group Incorporated (NYSE:UNH) is an American healthcare and insurance company. The company has raised its payouts every year since 2010 and offers a quarterly dividend of $1.88 per share. The stock’s dividend yield on October 21 came in at 1.43%. It tops our list of the best dividend stocks to buy now.

At the end of June 2023, 111 hedge funds in Insider Monkey’s database owned stakes in UnitedHealth Group Incorporated (NYSE:UNH), compared with 116 in the previous quarter. Their collective stake value is over $10.1 billion.

You can also take a look at 13 Best Defense Stocks To Buy Now and 10 Best Beaten Down Dividend Stocks to Buy

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