5 Best Safe Dividend Stocks For 2023

1. UnitedHealth Group Incorporated (NYSE:UNH)

Dividend Yield as of February 14: 1.34%

Number of Hedge Fund Holders: 110

UnitedHealth Group Incorporated (NYSE:UNH) is an American multinational managed healthcare and insurance company based in Minnetonka, Minnesota. One of the best dividend stocks on our list, UnitedHealth Group Incorporated (NYSE:UNH) began paying annual dividends in 1990, and moved to a quarterly dividend in June 2010. Its current quarterly payment of $1.65 per share is nearly eight times the $0.2125 per share that it paid shareholders 10 years ago.

Deutsche Bank analyst George Hill raised the price target on UnitedHealth Group Incorporated (NYSE:UNH) to $617 from $615 and kept a Buy rating on the shares post the Q4 results. Although Hill recognizes uncertainties in Medicare and Medicaid on the policy front and in commercial due to the economic pressure, he believes that UnitedHealth is “prudent in the guidance and has multiple levers to pull to deliver upside.”

UnitedHealth Group Incorporated (NYSE:UNH) was one of the most popular stocks among hedge funds in Q3 2022, as 110 funds tracked by Insider Monkey had positions in the company, up from 91 in the previous quarter. These stakes are collectively valued at over $10.3 billion.

Stewart Asset Management mentioned UnitedHealth Group Incorporated (NYSE:UNH) in its Q3 2022 investor letter. Here is what the firm has to say:

“Looking at the Great Recession which began at year-end 2007 and lasted to mid-year 2009 is helpful too. Our four largest current holdings in the portfolio weathered that period well. UnitedHealth’s (NYSE:UNH) earnings were resilient. While it reported modestly down earnings in 2008, its earnings rebounded quickly to record highs in 2010 and the shares responded strongly in anticipation of this.”

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