5 Highest-Yielding Dividend Aristocrats for 2022

1. V.F. Corporation (NYSE:VFC)

Dividend Yield as of May 6: 4.17%

Number of Hedge Fund Holders: 21

V.F. Corporation (NYSE:VFC) was founded in 1899 and is headquartered in Denver, Colorado. The company designs and markets branded apparel, footwear, and fashion products for men, women, and children. V.F. Corporation (NYSE:VFC)’s dividend yield on May 6 stood at 4.17%. 

On January 28, V.F. Corporation (NYSE:VFC) declared a $0.50 per share quarterly dividend, in line with previous. The dividend was distributed to shareholders on March 21. V.F. Corporation (NYSE:VFC) has increased its dividend for 49 years in a row. 

Wells Fargo analyst Ike Boruchow downgraded V.F. Corporation (NYSE:VFC) to Equal Weight from Overweight, slashing the price target to $58 from $75. With the V.F. Corporation (NYSE:VFC) equity driven by Vans, the analyst expects the company success to remain limited as the Vans brand works to regain momentum under new brand head, Doug Palladini. The analyst noted that any long-term brand targets around Vans issued by V.F. Corporation (NYSE:VFC) are likely to delay long-term growth targets to fiscal 2024 and beyond.

According to Insider Monkey’s database, V.F. Corporation (NYSE:VFC) was found in the public stock portfolios of 21 hedge funds at the end of Q4 2021, compared to 23 funds in the last quarter. Ric Dillon’s Diamond Hill Capital is the largest shareholder of the company, with 5.90 million shares worth $432.3 million. 

You can also take a look at 10 Favorite Stocks of Dan Loeb’s Third Point and 10 Best Micro-Cap Stocks to Buy According to Hedge Funds.

Follow Insider Monkey on Twitter