Dividend Stock Portfolio For Income: Top 5 Stocks

In this article, we will discuss dividend stocks for regular income. If you want to read our detailed analysis of dividend stocks and their historical performance, go directly to read Dividend Stock Portfolio For Income. 

5. QUALCOMM Incorporated (NASDAQ:QCOM)

Number of Hedge Fund Holders: 78

QUALCOMM Incorporated (NASDAQ:QCOM) is a California-based semiconductor company that offers software and services related to wireless technology. On April 17, the company declared a quarterly dividend of $0.85 per share, which was in line with its previous dividend. The company has been growing its dividends consistently for the past 20 years. The stock has a dividend yield of 2.05%, as of April 28.

At the end of December 2023, 78 hedge funds tracked by Insider Monkey reported having stakes in QUALCOMM Incorporated (NASDAQ:QCOM), growing significantly from 67 in the previous quarter. These stakes have a collective value of roughly $3 billion.

4. Pfizer Inc. (NYSE:PFE)

Number of Hedge Fund Holders: 79

Pfizer Inc. (NYSE:PFE) is a global pharmaceutical company that is engaged in the development and research of medicines and consumer healthcare products. On April 24, the company announced a quarterly dividend of $0.42 per share, which fell consistent with its previous dividend. It has raised its dividends for 14 years in a row. The stock offers a dividend yield of 6.61%, as of April 28.

Insider Monkey’s database of Q4 2023 showed that 79 hedge funds owned stakes in Pfizer Inc. (NYSE:PFE), up from 73 in the previous quarter. The total worth of these stakes is over $2.2 billion. With over 14.5 million shares, D E Shaw was the company’s shareholder in Q4.

3. Johnson & Johnson (NYSE:JNJ)

Number of Hedge Fund Holders: 81

Johnson & Johnson (NYSE:JNJ) is an American multinational pharmaceutical company that mainly offers services in consumer health. The company pays a quarterly dividend of $1.24 per share, having raised it by 4% on April 16. Through this increase, the company stretched its dividend growth streak to 62 years, which makes JNJ one of the best stocks for a dividend stock portfolio. The stock has a dividend yield of 3.39%, as of April 28.

As of the close of Q4 2023, 81 hedge funds tracked by Insider Monkey owned investments in Johnson & Johnson (NYSE:JNJ), compared with 84 in the previous quarter. The total value of these stakes is roughly $4 billion.

2. Exxon Mobil Corporation (NYSE:XOM)

Number of Hedge Fund Holders: 85

Exxon Mobil Corporation (NYSE:XOM) is an American natural gas and energy company, based in Texas. The company has been growing its dividends for the past 41 years and currently offers a quarterly dividend of $0.95 per share. Moreover, it has been paying regular dividends to shareholders since 1882. The stock’s dividend yield on April 28 came in at 3.22%.

The number of hedge funds tracked by Insider Monkey owning stakes in Exxon Mobil Corporation (NYSE:XOM) jumped to 85 in Q4 2023, from 79 a quarter earlier. The consolidated value of these stakes is over $4.47 billion.

1. Merck & Co., Inc. (NYSE:MRK)

Number of Hedge Fund Holders: 98

Merck & Co., Inc. (NYSE:MRK) tops our list of the best stocks for a dividend stock portfolio. The company’s dividend growth currently stands at 13 years and offers a quarterly dividend of $0.77 per share. The stock has a dividend yield of 2.35%, as of April 28.

At the end of Q4 2023, 98 hedge funds, growing significantly from 85 in the previous quarter, held stakes in Merck & Co., Inc. (NYSE:MRK), as per Insider Monkey’s database. These stakes are worth over $7.1 billion in total. Fisher Asset Management was the company’s leading stakeholder in Q4.

You can also take a look at 12 Most Profitable Dividend Stocks To Invest In and 10 Cathie Wood Stocks Insiders are Selling