5 Best Stocks for Dividends

1. V.F. Corporation (NYSE:VFC)

Dividend Yield as of September 27: 5.71%

V.F. Corporation (NYSE:VFC) is a Colorado-based global apparel and footwear company that manages over 13 brands. In September, JPMorgan maintained a Neutral rating on the stock with a $44 price target as growth is expected in the consumer and retail sectors after the pandemic.

V.F. Corporation (NYSE:VFC) has been raising its dividends consistently for the past 48 years and its five-year dividend CAGR stood at 4.81%. Currently, the company pays a quarterly dividend of $0.50 per share, with a dividend yield of 5.71%, as recorded on September 27.

At the end of June 2022, 29 hedge funds in Insider Monkey’s database owned stakes in V.F. Corporation (NYSE:VFC), compared with 28 a quarter earlier. These stakes hold a consolidated value of over $316.3 million. With roughly 7 million shares, Diamond Hill Capital owned the largest position in the company in Q2.

Ave Maria mentioned V.F. Corporation (NYSE:VFC) in its Q2 2022 investor letter. Here is what the firm has to say:

“One stock was eliminated from the Fund, V.F. Corporation (NYSE:VFC) (apparel & footwear). Deteriorating fundamentals and sustained weakness in some of the company’s core brands led us to liquidate the position.”

You can also take a look at 10 Best Dogs of the Dow to Invest In and 10 Under-The-Radar Dividend Stocks to Buy Now

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