5 Best S&P 500 Dividend Stocks To Buy Now

2. Merck & Co., Inc. (NYSE:MRK)

Number of Hedge Fund Holders: 98
Dividend Yield as of May 7: 2.41%

An American multinational pharmaceutical company, Merck & Co., Inc. (NYSE:MRK) has been growing its payouts for 13 consecutive years. Its quarterly dividend currently comes in at $0.77 per share for a dividend yield of 2.41%, as recorded on May 7.

Of the 933 hedge funds tracked by Insider Monkey at the end of Q4 2023, 98 hedge funds held stakes in Merck & Co., Inc. (NYSE:MRK), growing from 85 in the previous quarter. The total worth of these stakes is more than $7.1 billion.

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