5 Unstoppable Dividend Stocks To Buy

In this article, we discuss 5 unstoppable dividend stocks to buy. If you want to read our detailed analysis of dividend stocks and their performance over the years, go directly to read 10 Unstoppable Dividend Stocks To Buy. 

5. Eli Lilly and Company (NYSE:LLY)

Year-to-Date Gains as of April 7: 32.4%

Eli Lilly and Company (NYSE:LLY) is a global pharmaceutical company that specializes in the research, development, and manufacturing of various pharmaceutical drugs. The company offers a quarterly dividend of $1.30 per share, having raised it by 15% in December 2023. This was the company’s 10th consecutive year of dividend growth. The stock has a dividend yield of 0.66%, as of April 8. With a year-to-date return of 32.4%, LLY is one of the unstoppable stocks on our list.

Eli Lilly and Company (NYSE:LLY) was a part of 102 hedge fund portfolios at the end of Q4 2023, which remained unchanged from the previous quarter, according to Insider Monkey’s database. The collective worth of these stakes is more than $11 billion. Among these hedge funds, Fisher Asset Management was the company’s leading stakeholder in Q4.

4. Marathon Petroleum Corporation (NYSE:MPC)

Year-to-Date Gains as of April 7: 43.8%

Marathon Petroleum Corporation (NYSE:MPC) is an Ohio-based petroleum refinery company that operates a network of refineries across the US. On January 26, the company declared a quarterly dividend of $0.825 per share, which was in line with its previous dividend. The company has been paying regular dividends to shareholders since 2011. As of April 8, the stock has a dividend yield of 1.51%.

According to Insider Monkey’s database of Q4 2023, 50 hedge funds owned stakes in Marathon Petroleum Corporation (NYSE:MPC), up from 48 in the preceding quarter. These stakes are collectively valued at over $2.8 billion.

3. Micron Technology, Inc. (NASDAQ:MU)

Year-to-Date Gains as of April 7: 50.09%

Micron Technology, Inc. (NASDAQ:MU) is next on our list of unstoppable dividend stocks that pay dividends. Since the start of 2024, the stock has gained massively by 50.09% and its 12-month returns came in at 95.3%, as of the close of April 7. The semiconductor company initiated its dividend policy in 2021 and has never missed a dividend since then. Its quarterly dividend comes in at $0.115 per share for a dividend yield of 0.37%, as of April 8.

Insider Monkey’s database of Q4 2023 showed that 92 hedge funds held stakes in Micron Technology, Inc. (NASDAQ:MU), growing from 90 a quarter earlier. These stakes have a total value of over $6 billion. With over 7 million shares, Citadel Investment Group was the company’s leading stakeholder in Q4.

2. Meta Platforms, Inc. (NASDAQ:META)

Year-to-Date Gains as of April 7: 52.2%

An American multinational tech giant, Meta Platforms, Inc. (NASDAQ:META) announced its first-ever dividend of $0.50 per share in February this year. The stock has a dividend yield of 0.38%, as of April 8. META’s returns for 2024 so far came in at 52.2% and in the past year, the stock has surged significantly by 145.5%, as of the close of April 7.

The number of hedge funds tracked by Insider Monkey owning stakes in Meta Platforms, Inc. (NASDAQ:META) grew to 242 in Q4 2023, from 234 in the previous quarter. These stakes are worth over $44 billion in total. Among these hedge funds, GQG Partners was the company’s leading stakeholder in Q4.

1. Constellation Energy Corporation (NASDAQ:CEG)

Year-to-Date Gains as of April 7: 67.5%

Constellation Energy Corporation (NASDAQ:CEG) tops our list of unstoppable dividend stocks to invest in. The Maryland-based energy company started paying dividends in 2022 and has raised its payouts twice since then. On February 27, the company hiked its quarterly dividend by 25% to $0.3525 per share. The stock’s dividend yield on April 8 came in at 0.73%.

As of the end of Q4 2023, 41 hedge funds in Insider Monkey’s database held stakes in Constellation Energy Corporation (NASDAQ:CEG), compared with 45 in the previous quarter. The collective value of these stakes is over $1.45 billion.

You can also take a look at Jim Cramer is Bearish On These 10 Stocks in April and 10 Unstoppable Tech Stocks To Buy