Dividend Stock Portfolio: 5 Stocks To Buy According to Reddit

3. Eli Lilly and Company (NYSE:LLY)

Number of Hedge Fund Holders: 87

Eli Lilly and Company (NYSE:LLY) is an American multinational pharmaceutical company. The company remained popular among the Reddit community because of its 138-year-long run of paying dividends to shareholders. The company offers a quarterly dividend of $1.13 per share and has a dividend yield of 0.83%, as of September 20.

The number of hedge funds tracked by Insider Monkey reported having stakes in Eli Lilly and Company (NYSE:LLY) grew to 87 in Q2 2023, from 72 in the previous quarter. These stakes have a total value of over $5.07 billion.

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