5 Best Stocks for Dividends

4. AbbVie Inc. (NYSE:ABBV)

Number of Hedge Fund Holders: 82

Dividend Yield: 4.88%

AbbVie Inc. (NYSE:ABBV) is a pharmaceutical company based in Illinois that ranks fourth on the list of 10 best stocks or dividends. AbbVie Inc. (NYSE:ABBV) has increased its dividends for the past 49 years and now pays an annual dividend of $5.20 per share to its shareholders. The research-driven pharmaceutical company sells medicines and therapeutics globally. 

On September 8, JPMorgan analyst Chris Schott kept an Overweight rating on AbbVie Inc. (NYSE:ABBV) with a price target of $140 per share. 

The company has a market cap of $190 billion. In the second quarter of 2021, AbbVie Inc. (NYSE:ABBV) reported an EPS of $3.11, beating estimates by $0.08. The company’s revenue in the second quarter came in at $13.96 billion, up 33.9% year over year, and beat revenue estimates by $322.64 million. 

At the end of the second quarter of 2021, 82 hedge funds in the database of Insider Monkey held stakes worth $5.35 billion in AbbVie Inc. (NYSE:ABBV), up from 72 in the previous quarter worth $5.91 billion.