5 Blue Chip Dividend Stocks Hedge Funds are Buying

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1. JPMorgan Chase & Co (NYSE: JPM)

The banking giant JPMorgan Chase & Co (NYSE: JPM) is the most favorite dividend stock among hedge funds as it was in 118 hedge funds portfolio at the end of the September quarter. The company has sustained its dividend in the pandemic year. The company currently offers a quarterly dividend of $0.90 per share.

JPM is among the few banks that have generated positive revenue growth in the September quarter while earnings per share of $3.79 topped analyst’s expectations by $1.17 per share. The strong revenue and earnings are the outcome of its diversified business model. The bank has strong confidence in its cash generation potential because it recently announced a $30 billion share buyback plan.

Please also see 10 Best High Dividend Stocks To Buy NowBillionaire Nelson Peltz’s Favorite Stocks and 10 Best Food Stocks To Buy Now

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