5 Best S&P 500 Dividend Stocks To Buy

In this article, we discuss 5 best S&P 500 dividend stocks to buy. If you want to read our detailed analysis of dividend stocks and their performance over the years, go directly to read 13 Best S&P 500 Dividend Stocks To Buy. 

5. JPMorgan Chase & Co. (NYSE:JPM)

Number of Hedge Fund Holders: 109

JPMorgan Chase & Co. (NYSE:JPM) is an American multinational financial services company offering a range of services in banking, investment banking, asset management, and other financial services. It is one of the best dividend stocks on our list as the company returned over $3.1 billion to shareholders through dividends in its most recent quarter. The company currently pays a quarterly dividend of $1.05 per share and has a dividend yield of 2.66%, as of December 6.

The number of hedge funds in Insider Monkey’s database owning stakes in JPMorgan Chase & Co. (NYSE:JPM) grew to 109 in Q3 2023, from 106 in the previous quarter. The consolidated value of these stakes is above $6.6 billion. With over 11.3 million shares, Fisher Asset Management was the company’s leading stakeholder in Q3.

4. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 134

Apple Inc. (NASDAQ:AAPL) is next on our list of the best dividend stocks from the S&P 500. The American multinational tech giant declared a quarterly dividend of $0.24 per share on November 2, which was in line with its previous dividend. The company maintains an 11-year streak of consistent dividend growth. The stock has a dividend yield of 0.50%, as of December 6.

At the end of Q3 2023, 134 hedge funds in Insider Monkey’s database owned stakes in Apple Inc. (NASDAQ:AAPL), compared with 135 in the previous quarter. These stakes are collectively valued at roughly $180 billion.

3. Mastercard Incorporated (NYSE:MA)

Number of Hedge Fund Holders: 140

Mastercard Incorporated (NYSE:MA) is a global financial technology company that operates a worldwide payment processing network. On December 5, the company declared a 15.8% hike in its quarterly dividend at $0.66 per share. Through this increase, the company stretched its dividend growth streak to 11 years, which places MA as one of the best dividend stocks on our list. As of December 6, the stock has a dividend yield of 0.56%.

As of the end of Q3 2023, 140 hedge funds tracked by Insider Monkey owned investments in Mastercard Incorporated (NYSE:MA), up from 139 in the preceding quarter. The overall value of these stakes is more than $15.2 billion. Among these hedge funds, Akre Capital Management was the company’s leading stakeholder in Q3.

2. Visa Inc. (NYSE:V)

Number of Hedge Fund Holders: 167

Visa Inc. (NYSE:V) is a California-based financial services corporation that operates one of the world’s largest electronic payment networks. The company offers a quarterly dividend of $0.52 per share, having raised it by 15.6% in October this year. This marked the company’s 15th consecutive year of dividend growth. The stock has a dividend yield of 0.82%, as recorded on December 6.

Of the 910 hedge funds tracked by Insider Monkey at the end of Q3 2023, 167 funds owned stakes in Visa Inc. (NYSE:V). The collective value of these stakes is over $24.4 billion.

1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 306

Microsoft Corporation (NASDAQ:MSFT) was the most popular stock among hedge funds at the end of Q3 2023, according to Insider Monkey’s database. Our database indicated that 306 hedge funds owned stakes in the company in Q3, up from 300 a quarter earlier. These stakes have a total value of over $72 billion.

Microsoft Corporation (NASDAQ:MSFT), one of the best dividend stocks on our list, currently pays a quarterly dividend of $0.75 per share. The company has raised its payouts for 17 consecutive years. As of December 6, the stock has a dividend yield of 0.81%.

You can also take a look at 13 Best Tech Stocks For Long Term Investment and Billionaire David Einhorn’s 10 Stock Picks with Huge Upside Potential