5 Best S&P 500 Dividend Stocks To Invest In 2024

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1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 302

Microsoft Corporation (NASDAQ:MSFT) tops our list of the best dividend stocks in the S&P 500. The multinational tech giant has been growing its dividends consistently for the past 17 years and currently pays a quarterly dividend of $0.75 per share. The stock’s dividend yield on February 26 came in at 0.73%.

As of the end of Q4 2023, 302 hedge funds tracked by Insider Monkey reported having stakes in Microsoft Corporation (NASDAQ:MSFT), compared with 306 in the previous quarter. The overall value of these stakes is over $87.3 billion.

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You can also take a look at 13 Best Bank Stocks To Invest In For Long-Term and 11 Best Revenue Growth Stocks to Invest In

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