5 Companies that Just Started Paying Dividends

In this article, we discuss 5 companies that just started paying dividends. If you want to read our detailed analysis of dividend stocks and their performance over the years, go directly to read 11 Companies that Just Started Paying Dividends. 

5. Paycom Software, Inc. (NYSE:PAYC)

Number of Hedge Fund Holders: 43

Paycom Software, Inc. (NYSE:PAYC) is a technology company that provides cloud-based human capital management (HCM) software solutions. The company’s primary focus is on developing and offering software solutions to help businesses manage various aspects of their human resources and workforce management. The company started paying dividends in March 2023 and currently offers a quarterly dividend of $0.375 per share. The stock’s dividend yield on February 5 came in at 0.77%.

The number of hedge funds tracked by Insider Monkey owning stakes in Paycom Software, Inc. (NYSE:PAYC) grew to 43 in Q3 2023, from 40 in the previous quarter. The consolidated value of these stakes is nearly $830 million. Echo Street Capital Management was the largest stakeholder of the company in Q3 with over 1 million PAYC shares.

4. Noble Corporation plc (NYSE:NE)

Number of Hedge Fund Holders: 48

Noble Corporation plc (NYSE:NE) is a London-based company that operates in the offshore drilling industry. The company is generally engaged in the provision of contract drilling services for the oil and gas industry. In 2016, the company ceased its quarterly dividend payments for liquidity preservation and resumed its dividend policy in July 2023. It currently offers a quarterly dividend of $0.40 per share, having raised it by 33.3% in November 2023. The stock has a dividend yield of 3.69%, as of February 5.

Noble Corporation plc (NYSE:NE) ended the third quarter with 48 hedge fund positions, up from 41 in the previous quarter, according to Insider Monkey’s database of Q3 2023. The stakes owned by these hedge funds have a collective value of over $1.06 billion.

3. T-Mobile US, Inc. (NASDAQ:TMUS)

Number of Hedge Fund Holders: 79

T-Mobile US, Inc. (NASDAQ:TMUS) is a telecommunications company that provides wireless communication services. The company provides wireless voice and data services, including mobile phone plans, mobile internet access, text messaging, and other wireless communication services for individual and business customers. It started paying dividends in November 2023 and has not changed its payouts as of now. The company offers a quarterly dividend of $0.65 per share and has a dividend yield of 1.61%, as recorded on February 5.

Insider Monkey’s database of Q3 2023 showed that 79 hedge funds owned investments in T-Mobile US, Inc. (NASDAQ:TMUS), down from 86 in the previous quarter. The total value of these stakes is nearly $5 billion. With over 5.2 million shares, Warren Buffett’s Berkshire Hathaway was the company’s leading stakeholder in Q3.

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.

1. Meta Platforms, Inc. (NASDAQ:META)

Number of Hedge Fund Holders: 234

Meta Platforms, Inc. (NASDAQ:META) is one of the most prominent companies that just started paying dividends. The California-based social networking and technology firm commenced its quarterly dividend in February 2024, with a payout of $0.50 per share. Considering Zuckerberg’s ownership of approximately 350 million shares, he stands to receive around $175 million in each quarterly payout before taxes, according to Bloomberg. The stock’s dividend yield came in at 0.42%, as of February 5.

The number of hedge funds in Insider Monkey’s database owning stakes in Meta Platforms, Inc. (NASDAQ:META) jumped to 234 in Q3 2023, from 225 in the previous quarter. These stakes are worth over $35.2 billion in total. GQG Partners was the largest stakeholder of the company in Q3.

You can also take a look at 10 Stocks Receiving a Massive Vote of Approval From Wall Street Analysts and 10 Blue-Chip Stocks At 52-Week Lows