5 Best May Dividend Stocks To Buy

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1. Dover Corporation (NYSE:DOV)

Ex-Dividend Date: May 31

Dover Corporation (NYSE:DOV) tops our list of the best dividend stocks to buy in May. The diversified manufacturing company offers a quarterly dividend of $0.51 per share and has been growing its dividends for the past 67 years. The stock has a dividend yield of 1.14%, as of May 5.

With a collective stake value of roughly $670 million, 21 hedge funds tracked by Insider Monkey held positions in Dover Corporation (NYSE:DOV) in Q4 2023, which remained the same as in the previous quarter. Among these hedge funds, Adage Capital Management was the company’s leading stakeholder in Q4.

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