5 Best March Dividend Stocks To Buy

2. Best Buy Co., Inc. (NYSE:BBY)

Ex-Dividend Date: March 20

An American retailer, Best Buy Co., Inc. (NYSE:BBY) is next on our list of the best dividend stocks. The company pays a quarterly dividend of $0.94, raising it by 2.2% in March this year. This was the company’s 11th consecutive annual dividend hike. As of March 22, BBY has a dividend yield of 4.85%.

Insider Monkey’s database of Q4 2023 showed that 32 hedge funds owned stakes in Best Buy Co., Inc. (NYSE:BBY), up from 28 in the previous quarter. The total value of these stakes is over $309.4 million. Among these hedge funds, AQR Capital Management was the company’s leading stakeholder in Q4.

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