5 Best Passive Income Stocks To Buy According to Hedge Funds

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1. UnitedHealth Group Incorporated (NYSE:UNH)

Number of Hedge Fund Holders: 113

UnitedHealth Group Incorporated (NYSE:UNH) tops our list of the best dividend stocks for passive income. The diversified healthcare company pays a quarterly dividend of $1.88 per share and has a dividend yield of 1.52%, as recorded on March 20. The company has raised its payouts every year for the past 13 years.

UnitedHealth Group Incorporated (NYSE:UNH) was included in 113 hedge fund portfolios at the end of Q4 2023, growing from 104 in the previous quarter, according to our database. The stakes owned by these hedge funds have a collective value of over $11 billion.

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You can also take a look at Billionaire Steve Cohen and Insiders Are Buying These 10 Stocks and Wall Street Analysts See Upside Potential for 10 Stocks with Rising Price Targets

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