5 Best Safe Dividend Stocks For 2024

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1. Union Pacific Corporation (NYSE:UNP)

Number of Hedge Fund Holders: 90
Payout Ratio: 49.8%

Union Pacific Corporation (NYSE:UNP) tops our list of the best dividend stocks to buy for 2024. The transportation company declared a quarterly dividend of $1.30 per share on November 28, which was in line with its previous dividend. Overall, the company holds a 16-year streak of consistent dividend growth. The stock has a dividend yield of 2.24%, as of December 5.

The number of hedge funds owning stakes in Union Pacific Corporation (NYSE:UNP) grew to 90 in Q3 2023, from 87 in the previous quarter. The consolidated value of these stakes is over $5.4 billion.

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