5 Most Reliable Dividend Stocks To Buy

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1. West Pharmaceutical Services, Inc. (NYSE:WST)

Payout Ratio in 2023: 9.77%

West Pharmaceutical Services, Inc. (NYSE:WST) tops our list of the best dividend stocks with a dividend payout ratio of 9.77% in 2023. The global healthcare products packaging and delivery systems company has been rewarding shareholders with growing dividends for the past 31 years. It offers a quarterly dividend of $0.20 per share and has a dividend yield of 0.22%, as of March 11.

At the end of Q4 2023, 42 hedge funds owned stakes in West Pharmaceutical Services, Inc. (NYSE:WST), which remained unchanged from the previous quarter, as per our database. These stakes are collectively worth over $1.2 billion.

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