5 Best Recession Dividend Stocks To Buy

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

Number of Hedge Fund Holders: 71

The Procter & Gamble Company (NYSE:PG) is next on our list of the best dividend stocks to buy for a recession. The Ohio-based consumer goods manufacturing company offers a quarterly dividend of $1.0065 per share for a dividend yield of 2.45%, as of May 6. In April this year, the company achieved its 68th consecutive annual dividend growth.

As per Insider Monkey’s database of Q4 2023, 71 hedge funds held stakes in The Procter & Gamble Company (NYSE:PG), compared with 75 in the previous quarter. These stakes are worth nearly $6 billion in total. Among these hedge funds, Fisher Asset Management was the company’s leading stakeholder in Q4.

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