5 Boring Stocks That Pay Dividends

1. UnitedHealth Group Incorporated (NYSE:UNH)

Number of Hedge Fund Holders: 110

UnitedHealth Group Incorporated (NYSE:UNH) has a relatively low dividend yield but this boring stock also provides share price appreciation opportunities for long-term investors. In February, UnitedHealth Group Incorporated (NYSE:UNH) declared a quarterly dividend of $1.65 per share. The dividend was payable on March 21 to shareholders of record as of March 13. Morgan Stanley recently gave bullish comments on UnitedHealth Group Incorporated (NYSE:UNH). The firm, which has an Overweight rating on UnitedHealth Group Incorporated (NYSE:UNH) and a $587 price target, believes the company’s resilient and diversified business will create long-term “double-digit earnings growth.”

At the end of the fourth quarter of 2022, 110 hedge funds had stakes in UnitedHealth Group Incorporated (NYSE:UNH), as per Insider Monkey’s database of hedge funds.

Sequoia Fund made the following comment about UnitedHealth Group Incorporated (NYSE:UNH) in its Q4 2022 investor letter:

“UnitedHealth Group Incorporated (NYSE:UNH) was among Sequoia’s best performing stocks this year, thanks to typically strong financial results and increased appreciation for the business’ relative insensitivity to the broader economy. For the full year 2022, United’s revenues and EPS are expected to be up approximately 13% and 17%, respectively. Versus 2019, the company’s revenues and EPS are expected to have compounded at annual rates of approximately 10% and 14%, respectively.

UnitedHealth Group may not be a particularly beloved company, but it is one of the more entrenched businesses we’ve come across. Managed care, in its various forms-commercial risk, commercial fee, Medicare Advantage, and managed Medicaid- is an utterly essential component of our healthcare system. And in managed care, no one is bigger, more diversified or better run than United. In addition to its managed care business, United owns and operates the country’s third largest pharmacy benefit manger and is also the single largest owner by a wide margin of non-hospital care assets, including physician practices, urgent care centers, and ambulatory surgical centers…” (Click here to read the full text)

You can also take a peek at 25 Highest Paying Jobs in the World and Top 50 Perfume Brands in the World.