5 Best S&P 500 Dividend Stocks To Buy Now

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

Number of Hedge Fund Holders: 103
Dividend Yield as of May 7: 2.40%

JPMorgan Chase & Co. (NYSE:JPM) tops our list of the best dividend stocks in the S&P 500. The investment banking company offers a quarterly dividend of $1.15 per share, having raised it by 10% in March this year. As of May 7, the stock has a dividend yield of 2.40%. In the first quarter of 2024, the company returned $3.3 billion to shareholders through dividends.

At the end of Q4 2023, 103 hedge funds tracked by Insider Monkey reported having stakes in JPMorgan Chase & Co. (NYSE:JPM), compared with 109 in the previous quarter. The overall value of these stakes is over $9 billion.

Follow Jpmorgan Chase & Co (NYSE:JPM)

You can also take a look at Anchor Capital Management’s Top 9 Stock Picks and Former Holdings in 2024 and Morgan Stanley’s Top 15 Stock Picks for 2024

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