Dividend Aristocrats List: Top 10 Among Billionaires

In this article, we will discuss top 10 dividend aristocrats among billionaires. If you want to read our detailed analysis of dividend aristocrats and the performance of dividend growers in the past, go directly to read Dividend Aristocrats List: Top 25 Among Billionaires. 

10. The Coca-Cola Company (NYSE:KO)

Number of Billionaire Investors: 18
Number of Hedge Fund Holders: 57

The Coca-Cola Company (NYSE:KO) is an American multinational beverage and snack company. It currently offers a quarterly dividend of $0.46 per share and has a dividend yield of 3.14%, as of December 6. It is one of the best dividend aristocrat stocks on our list as the company has been growing its dividends consistently for the past 61 years.

Billionaire Warren Buffet owned the largest stake in The Coca-Cola Company (NYSE:KO) in the third quarter of 2023. Overall, 57 hedge funds tracked by Insider Monkey owned stakes in the company in Q3 2023, worth collectively over $25 billion.

9. The Sherwin-Williams Company (NYSE:SHW)

Number of Billionaire Investors: 18
Number of Hedge Fund Holders: 71

The Sherwin-Williams Company (NYSE:SHW) is a global leader in the manufacturing, distribution, and sale of paints, coatings, and related products. On October 17, the company announced a quarterly dividend of $0.605 per share, which was consistent with its previous dividend. The company has raised its dividends every year for the past 44 years, which makes SHW one of the best dividend aristocrat stocks on our list. As of December 6, the stock has a dividend yield of 0.84%.

At the end of September 2023, 71 hedge funds owned stakes in The Sherwin-Williams Company (NYSE:SHW), down from 78 in the preceding quarter, as per Insider Monkey’s database. The consolidated value of these stakes is roughly $3 billion. Richard Chilton and D. E. Shaw were the company’s most prominent billionaire investors.

8. Abbott Laboratories (NYSE:ABT)

Number of Billionaire Investors: 18
Number of Hedge Fund Holders: 69

Abbott Laboratories (NYSE:ABT) is an Illinois-based medical device company that operates across various segments within the healthcare industry. The company offers a quarterly dividend of $0.21 per share, holding a dividend growth streak of 51 years. The stock has a dividend yield of 1.94%, as of December 6.

The number of hedge funds in Insider Monkey’s database owning stakes in Abbott Laboratories (NYSE:ABT) grew to 69 in Q3 2023, from 62 in the previous quarter. The collective value of these stakes is over $2.26 billion. Billionaires Ray Dalio and Ken Fisher were the most notable stakeholders of the company in Q3.

7. Lowe’s Companies, Inc. (NYSE:LOW)

Number of Billionaire Investors: 18
Number of Hedge Fund Holders: 63

Lowe’s Companies, Inc. (NYSE:LOW) is a multinational home improvement retailer that operates a chain of retail stores specializing in home improvement products and services. The company has been growing its dividends for 59 years and its quarterly dividend currently stands at $1.10 per share. The stock offers a dividend yield of 2.11%, as of December 6.

Insider Monkey’s data of Q3 2023 indicated that 63 hedge funds owned investments in Lowe’s Companies, Inc. (NYSE:LOW), down from 64 in the previous quarter. The total worth of these stakes is more than $3.15 billion. The company also attracted the attention of prominent billionaires, such as Steve Cohen and Ken Griffin.

6. AbbVie Inc. (NYSE:ABBV)

Number of Billionaire Investors: 18
Number of Hedge Fund Holders: 73

An American multinational pharmaceutical company, AbbVie Inc. (NYSE:ABBV) is next on our list of the best dividend aristocrat stocks among billionaires. The company has raised its payouts for 51 consecutive years and it offers a quarterly dividend of $1.55 per share. ABBV has a dividend yield of 4.24%, as recorded on December 6.

As per Insider Monkey’s database of Q3 2023, 73 hedge funds owned stakes in AbbVie Inc. (NYSE:ABBV), compared with 74 in the previous quarter. The consolidated value of these stakes is over $3.2 billion. In addition to this, the company was also popular among billionaires, including Israel Englander and D. E. Shaw.

5. PepsiCo, Inc. (NASDAQ:PEP)

Number of Billionaire Investors: 18
Number of Hedge Fund Holders: 65

PepsiCo, Inc. (NASDAQ:PEP) is a global food and beverage company that operates in various segments of the consumer goods industry. The company’s quarterly dividend currently stands at $1.265 per share for a dividend yield of 3.02%, as of December 6. It has been rewarding shareholders with growing dividends for the past 51 years.

As of the close of Q3 2023, 65 hedge funds in Insider Monkey’s database owned investments in PepsiCo, Inc. (NASDAQ:PEP). Moreover, the company was also included in 18 billionaire’s portfolios, such as Ray Dalio and Mario Gabelli.

4. The Procter & Gamble Company (NYSE:PG)

Number of Billionaire Investors: 18
Number of Hedge Fund Holders: 75

The Procter & Gamble Company (NYSE:PG) is next on our list of the best dividend aristocrat stocks among billionaires. The multinational consumer goods company has been growing its dividends for 67 years straight. It offers a quarterly dividend of $0.9407 per share and has a dividend yield of 2.57%, as of December 6.

Of the 910 hedge funds in Insider Monkey’s database at the end of Q3 2023, 75 funds owned stakes in The Procter & Gamble Company (NYSE:PG), up from 74 in the previous quarter. The collective value of these stakes is over $5.7 billion.

3. Walmart Inc. (NYSE:WMT)

Number of Billionaire Investors: 18
Number of Hedge Fund Holders: 80

Walmart Inc. (NYSE:WMT) is a major American retail giant that runs an extensive network of hypermarkets, discount stores, and grocery outlets in various formats and locations worldwide. The company provides a quarterly dividend of $0.57 per share, yielding approximately 1.48%, as of December 6. Notably, the company has maintained a record of consistent dividend growth for 50 consecutive years, which makes WMT one of the best dividend aristocrat stocks on our list.

As of the close of Q3 2023, 80 hedge funds tracked by Insider Monkey owned stakes in Walmart Inc. (NYSE:WMT), valued at roughly $6 billion in total. Billionaire Ken Fisher, Ken Griffin, and Cliff Asness were the company’s most prominent stakeholders in Q3.

2. Chevron Corporation (NYSE:CVX)

Number of Billionaire Investors: 19
Number of Hedge Fund Holders: 72

Chevron Corporation (NYSE:CVX) is popular among billionaires as 19 billionaires at the end of Q3 2023 owned stakes in the multinational energy company. Warren Buffett remained the company’s most prominent stakeholder in Q3. The company has raised its dividends for 36 years in a row and it offers a quarterly dividend of $1.51 per share. The stock has a dividend yield of 4.24%, as of December 6.

At the end of the September quarter of 2023, 72 hedge funds held stakes in Chevron Corporation (NYSE:CVX), down slightly from 73 in the previous quarter. The overall value of these stakes is over $21.4 billion.

1. Johnson & Johnson (NYSE:JNJ)

Number of Billionaire Investors: 20
Number of Hedge Fund Holders: 84

Johnson & Johnson (NYSE:JNJ) tops our list of the best dividend aristocrat stocks among billionaires in Q3. The multinational healthcare company has achieved an impressive streak of dividend growth spanning 61 years. It currently provides a quarterly dividend of $1.19 per share, resulting in a dividend yield of 3.00% based on the stock’s performance on December 6.

Insider Monkey’s database for the third quarter of 2023 showed that 84 hedge funds held investments in Johnson & Johnson (NYSE:JNJ), down slightly from 88 in the previous quarter. These stakes are collectively valued at over $4.1 billion.

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