5 Best Non-REIT Dividend Stocks To Invest In

In this article, we discuss 5 best non-REIT dividend stocks to invest in. If yu want to read our detailed analysis of dividend stocks and their overall performance in the past, go directly to read 12 Best Non-REIT Dividend Stocks To Invest In. 

5. International Business Machines Corporation (NYSE:IBM)

Number of Hedge Fund Holders: 53
Dividend Yield as of December 13: 4.05%

International Business Machines Corporation (NYSE:IBM) is a globally renowned technology and consulting company that operates across various sectors within the technology industry. The company currently pays a quarterly dividend of $1.66 per share and has a dividend yield of 4.05%, as of December 13. It is one of the best dividend stocks on our list as the company has been growing its dividends for 28 consecutive years.

As per Insider Monkey’s database of Q3 2023, 53 hedge funds owned stakes in International Business Machines Corporation (NYSE:IBM), up from 51 in the preceding quarter. These stakes are collectively valued at over $843 million.

4. Gilead Sciences, Inc. (NASDAQ:GILD)

Number of Hedge Fund Holders: 55
Dividend Yield as of December 13: 3.70%

An American biopharmaceutical company, Gilead Sciences, Inc. (NASDAQ:GILD) is next on our list of the best dividend stocks. The company offers a quarterly dividend of $0.75 per share and has raised its dividends for eight years in a row. As of December 13, the stock has a dividend yield of 3.70%.

Of the 910 hedge funds in Insider Monkey’s database at the end of Q3 2023, 55 funds owned stakes in Gilead Sciences, Inc. (NASDAQ:GILD), compared with 56 in the previous quarter. These stakes have a consolidated value of over $1.38 billion. With over 4.7 million shares, AQR Capital Management was the company’s leading stakeholder in Q3.

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.

2. Bristol-Myers Squibb Company (NYSE:BMY)

Number of Hedge Fund Holders: 65
Dividend Yield as of December 13: 4.76%

A multinational biopharmaceutical company, Bristol-Myers Squibb Company (NYSE:BMY) specializes in discovering, developing, and delivering innovative medicines for treating serious diseases, particularly in the areas of oncology, immunology, cardiovascular diseases, and fibrosis. The company offers a quarterly dividend of $0.60 per share, growing it by 5.3% in December this year. Through this increase, it stretched its dividend growth streak to 18 years. With a dividend yield of 4.76%, BMY is one of the best dividend stocks on our list.

As of the close of the September quarter of 2023, 65 hedge funds in Insider Monkey’s database owned stakes in Bristol-Myers Squibb Company (NYSE:BMY), compared with 66 in the previous quarter. These stakes are worth over $1.8 billion in total.

1. Pfizer Inc. (NYSE:PFE)

Number of Hedge Fund Holders: 73
Dividend Yield as of December 13: 6.29%

Pfizer Inc. (NYSE:PFE) tops our list of the best dividend stocks. The multinational pharmaceutical and biotech company has been raising its dividends for 13 years running and it currently pays a quarterly dividend of $0.41 per share. As of December 13, the stock has a dividend yield of 6.29%.

At the end of the third quarter of 2023, 73 hedge funds owned stakes in Pfizer Inc. (NYSE:PFE), as per Insider Monkey’s database. These stakes have a consolidated value of more than $2.43 billion.

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