5 Best Non-REIT Dividend Stocks To Invest In

3. Philip Morris International Inc. (NYSE:PM)

Number of Hedge Fund Holders: 62
Dividend Yield as of December 13: 5.62%

Philip Morris International Inc. (NYSE:PM) is a leading multinational tobacco company, primarily engaged in the manufacture and sale of cigarettes and other tobacco products. On December 7, the company announced a quarterly dividend of $1.30 a share, which was in line with its previous dividend. Its dividend growth streak currently spans over 15 years, which makes PM one of the best dividend stocks on our list. The stock’s dividend yield came in at 5.62%, as of December 13.

The number of hedge funds in Insider Monkey’s database owning stakes in Philip Morris International Inc. (NYSE:PM) grew to 62 in Q3 2023, from 54 in the preceding quarter. The consolidated value of these stakes is over $4.7 billion.

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