Dividend Champions vs Aristocrats: 5 Under-the-Radar Stocks to Consider

2. RPM International Inc. (NYSE:RPM)

Number of Hedge Fund Holders: 26

RPM International Inc. (NYSE:RPM) is an American multinational paint and coating manufacturing company, based in Ohio. BMO Capital maintained an Outperform rating on the stock in April with a $97 price target, appreciating the company’s improving free cash flows. The company is among the best dividend stocks on our list.

During the first nine months of FY23, RPM International Inc. (NYSE:RPM) generated over $263 million in operating cash flow, up from $156 million during the same period last year. The company also returned over $197 million to shareholders in dividends and share repurchases.

On April 3, RPM International Inc. (NYSE:RPM) declared a quarterly dividend of $0.42 per share, which was in line with its previous dividend. It is just one year away from becoming Dividend King as it has raised its payouts for 49 years in a row. The stock’s dividend yield on April 26 came in at 2.09%.

The number of hedge funds tracked by Insider Monkey owning stakes in RPM International Inc. (NYSE:RPM) grew to 26 in Q4 2022, from 23 in the previous quarter. These stakes have a consolidated value of over $243.6 million.