5 Defensive Healthcare Dividend Stocks To Invest In

3. Merck & Co., Inc. (NYSE:MRK)

Number of Hedge Fund Holders: 78

Merck & Co., Inc. (NYSE:MRK) is a New Jersey-based multinational pharmaceutical company that is involved in various aspects of healthcare and pharmaceutical research and development. The company offers a quarterly dividend of $0.73 per share and has a dividend yield of 2.84%, as of October 22. Its dividend growth streak currently stands at 11 years, which makes MRK one of the best dividend stocks on our list.

With a collective stake value of over $2.65 billion, 78 hedge funds in Insider Monkey’s database reported having positions in Merck & Co., Inc. (NYSE:MRK) in Q2 2023. In the previous quarter, 75 hedge funds owned stakes in the company.

Follow Merck & Co. Inc. (NYSE:MRK)