5 Companies that Just Started Paying Dividends

2. Kenvue Inc. (NYSE:KVUE)

Number of Hedge Fund Holders: 84

An American consumer health company, Kenvue Inc. (NYSE:KVUE) is next on our list of companies that just started paying dividends. The company announced its first dividend in July 2023 and currently offers a quarterly payout of $0.20 per share. The stock’s dividend yield on February 5 came in at 3.84%

Kenvue Inc. (NYSE:KVUE) experienced a significant increase in hedge fund positions at the end of Q3 2023. Insider Monkey’s database for the quarter indicated that 84 funds owned stakes in the company, jumping from 31 in the preceding quarter. The collective value of these stakes is over $3.37 billion.

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