5 Best Retail Dividend Stocks to Buy

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1. Walmart Inc. (NYSE:WMT)

Number of Hedge Fund Holders: 91

Walmart Inc. (NYSE:WMT) tops our list of the best dividend stocks. The multinational retail corporation has a remarkable track record of consistently increasing its dividends for 50 consecutive years. Currently, it pays a quarterly dividend of $0.57 per share. As of July 19, the stock’s dividend yield stands at 1.47%.

In the first quarter of 2023, Walmart Inc. (NYSE:WMT) saw an increase in its popularity among hedge funds. Hedge fund positions in the company rose from 66 in the previous quarter to 91, according to Insider Monkey’s database. The combined value of stakes owned by these funds amounted to over $5.6 billion.

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