5 Most Reliable Dividend Stocks To Buy

3. W.W. Grainger, Inc. (NYSE:GWW)

Payout Ratio in 2023: 20.15%

With a dividend payout ratio of 20.15% in 2023, W.W. Grainger, Inc. (NYSE:GWW) is next on our list of the best dividend stocks. The American distribution company’s quarterly dividend comes in at $1.86 per share for a dividend yield of 0.77%, as of March 11. It holds a strong 51-year streak of consistent dividend growth.

The number of hedge funds tracked by Insider Monkey owning stakes in W.W. Grainger, Inc. (NYSE:GWW) grew to 35 in Q4 2023, from 32 in the previous quarter. These stakes have a total value of over $475.6 million.

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