5 Best Mid-Cap Dividend Aristocrats To Buy

In this article, we discuss 5 best mid-cap dividend aristocrats to buy. If you want to read our detailed analysis of mid-cap stocks and their performance over the years, go directly to read 10 Best Mid-Cap Dividend Aristocrats To Buy. 

5. Donaldson Company, Inc. (NYSE:DCI)

Number of Hedge Fund Holders: 24

Donaldson Company, Inc. (NYSE:DCI) is a Minnesota-based filtration company that offers related services and products for various industrial applications, including manufacturing, food and beverage processing, pharmaceuticals, electronics, and more. The company offers a quarterly dividend of $0.25 per share and has raised its payouts for 28 years in a row. With a dividend yield of 1.38% as of March 10, DCI is one of the best dividend stocks on our list.

At the end of December 2023, 24 hedge funds in Insider Monkey’s database owned investments in Donaldson Company, Inc. (NYSE:DCI), growing from 21 in the previous quarter. The consolidated value of these stakes is roughly $265 billion.

4. Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Number of Hedge Fund Holders: 25

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) is an Ohio-based manufacturing company that specializes in the design, manufacture, and sale of welding equipment and consumables. The company currently offers a quarterly dividend of $0.71 per share, raising it by 10.9% in October 2023. Through this increase, it stretched its dividend growth streak to 28 years, which makes LECO one of the best dividend stocks in the mid-cap space. The stock’s dividend yield on March 10 came in at 1.12%.

As of the end of Q4 2023, 25 hedge funds tracked by Insider Monkey had stakes in Lincoln Electric Holdings, Inc. (NASDAQ:LECO), compared with 29 in the preceding quarter. These stakes have a total value of roughly $340 million. Among these hedge funds, Fisher Asset Management was the company’s leading stakeholder in Q4.

3. Williams-Sonoma, Inc. (NYSE:WSM)

Number of Hedge Fund Holders: 30

An American specialty retailer company, Williams-Sonoma, Inc. (NYSE:WSM) is next on our list of the best dividend stocks. In December 2023, the company declared a quarterly dividend of $0.90 per share, which was in line with its previous dividend. Its dividend growth streak currently stands at 15 years. As of March 10, the stock has a dividend yield of 1.53%.

According to Insider Monkey’s database, 30 hedge funds owned stakes in Williams-Sonoma, Inc. (NYSE:WSM), compared with 31 in the previous quarter. The collective worth of these stakes is over $1 billion.

2. Regal Rexnord Corporation (NYSE:RRX)

Number of Hedge Fund Holders: 33

Regal Rexnord Corporation (NYSE:RRX) is an American manufacturer of electric motors and also manufactures and markets a wide range of engineered products and solutions for diverse industries. The company pays a quarterly dividend of $0.25 per share and has a dividend yield of 0.81%, as of March 10.

The number of hedge funds in Insider Monkey’s database owning stakes in Regal Rexnord Corporation (NYSE:RRX) grew to 33 in Q4 2023, from 30 a quarter earlier. The overall value of these stakes is more than $458 million. With over 3 million shares, Diamond Hill Capital was the company’s leading stakeholder in Q4.

1. Carlisle Companies Incorporated (NYSE:CSL)

Number of Hedge Fund Holders: 35

Carlisle Companies Incorporated (NYSE:CSL) tops our list of the best dividend stocks from the mid-cap space. The diversified industrial company has been rewarding shareholders with growing dividends for the past 47 years and offers a quarterly dividend of $0.85 per share. The stock’s dividend yield on March 10 came in at 0.96%.

At the end of Q4 2023, 35 hedge funds in Insider Monkey’s database reported having stakes in Carlisle Companies Incorporated (NYSE:CSL), compared with 37 in the previous quarter. The collective value of these stakes is over $765.4 million.

You can also take a look at 11 Best REIT Stocks To Buy Under $10 and 12 Best AI ETFs To Invest In 2024