5 Best Pharma Dividend Stocks To Buy in 2024

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1. Eli Lilly and Company (NYSE:LLY)

Number of Hedge Fund Holders: 102

Eli Lilly and Company (NYSE:LLY) tops our list of the best dividend stocks in the pharma sector. The company has been increasing its payouts for 10 consecutive years and currently pays a quarterly dividend of $1.30 per share. The stock’s dividend yield on March 4 came in at 2.49%.

At the end of December 2023, 102 hedge funds in Insider Monkey’s database reported having stakes in Eli Lilly and Company (NYSE:LLY), the same as in the previous quarter. The collective value of these stakes is over $11.1 billion.

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You can also take a look at 16 Best Large-Cap Value Stocks To Invest In in 2024 and 13 Best EV Stocks To Buy in 2024

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