5 Best Performing Dividend Stocks in 2023

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1. NVIDIA Corporation (NASDAQ:NVDA)

Year-to-Date Returns as of October 27: 181.7%
Number of Hedge Fund Holders: 175

NVIDIA Corporation (NASDAQ:NVDA) tops our list of the best-performing stocks this year. The multinational tech company currently pays a quarterly dividend of $0.04 per share and has a dividend yield of 0.04%, as of October 27. Though the company does not hold any dividend growth track record, it has been paying regular dividends to shareholders since 2012.

Out of 910 hedge funds in Insider Monkey’s database at the end of Q2 2023, 175 funds held stakes in NVIDIA Corporation (NASDAQ:NVDA), up from 132 in the previous quarter. These stakes have a collective value of nearly $26 billion. GQG Partners was the company’s leading stakeholder in Q2.

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