5 Dividend Paying Consumer Defensive Stocks

1. Newell Brands Inc. (NASDAQ:NWL)

Dividend Yield as of April 1: 4.30%

Number of Hedge Fund Holders: 26

Newell Brands Inc. (NASDAQ:NWL) is a Georgia-based producer of consumer and commercial products. The company operates via five segments – Commercial Solutions, Home Appliances, Home Solutions, Learning and Development, and Outdoor and Recreation. 

On February 3, Newell Brands Inc. (NASDAQ:NWL) declared a quarterly dividend of $0.23 per share. The dividend was paid on March 15, to shareholders of record on February 28. The stock delivers a dividend yield of 4.30% as of April 1. 

JPMorgan analyst Andrea Teixeira on March 30 maintained an Overweight rating on Newell Brands Inc. (NASDAQ:NWL) but lowered the price target on the shares to $26 from $29. With the ongoing Russia/Ukraine conflict and its impact on commodities prices, the analyst expects demand to remain resilient, noting that consumers continue to prefer brands over private labels.

The Q4 database of Insider Monkey suggests that 26 hedge funds were bullish on Newell Brands Inc. (NASDAQ:NWL), with collective stakes worth $1.75 billion. Carl Icahn’s Icahn Capital LP held the biggest position in the company, owning 43.70 million shares worth $954.5 million. 

You can also take a look at Top 10 Blue Chip Stocks to Buy in 2022 and 10 Best High Dividend Stocks to Buy Now. 

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