5 Best Quality Dividend Stocks to Buy

3. The Procter & Gamble Company (NYSE:PG)

Number of Hedge Fund Holders: 75

The Procter & Gamble Company (NYSE:PG) is an Ohio-based multinational consumer goods company. The company manufactures and markets a diverse range of products across various categories. On June 11, it declared a quarterly dividend of $0.9407 per share, which was in line with its previous dividend. The company has consistently raised its dividends for 67 years. With a dividend yield of 2.53%, PG is one of the best dividend stocks on our list.

In fiscal Q3 2023, The Procter & Gamble Company (NYSE:PG)’s revenue showed a 3.5% year-over-year growth at $20.07 billion. Its operating cash flow for the quarter came in at roughly $4 billion and cash flow productivity stood at 92%. The company returned $2.2 billion to shareholders in dividends, which makes it one of the best dividend stocks on our list.

Insider Monkey’s database of Q1 2023 indicated that 75 hedge funds presented a bullish outlook on The Procter & Gamble Company (NYSE:PG), compared with 74 in the previous quarter. The stakes owned by these hedge funds have a total value of $4.66 billion.