5 Best Warren Buffett Dividend Stocks To Buy Now

2. Mastercard Incorporated (NYSE:MA)

Number of Hedge Fund Holders: 138

Mastercard Incorporated (NYSE:MA) is an American financial services company that also specializes in payment processing services. The company holds a ten-year streak of consistent dividend growth, which makes it one of the best dividend stocks on our list. It currently pays a quarterly dividend of $0.57 per share for a dividend yield of 0.57%, as of July 18.

During the first quarter of 2023, Mastercard Incorporated (NYSE:MA) returned $545 million to shareholders in dividends. The company’s cash generation remained strong as its operating cash flow jumped to $2 billion, from $1.7 billion in the prior-year quarter.

Of the 943 hedge funds tracked by Insider Monkey, 138 funds owned stakes in Mastercard Incorporated (NYSE:MA) in Q1 2023, with a collective value of over $14.22 billion.

Akre Capital Management mentioned Mastercard Incorporated (NYSE:MA) in its Q2 2023 investor letter. Here is what the firm has to say:

“The Fund owns many businesses that stand to benefit enormously from A.I. Mastercard Incorporated (NYSE:MA) and Visa have long used artificial intelligence to gather and utilize insights from their massive troves of data to improve the safety and security of their networks. The top five positive contributors to performance during the quarter were Moody’s, Mastercard, CoStar, Constellation Software, and Adobe.”