Goldman Sachs Dividend Stocks: Top 5 Stock Picks

3. Cisco Systems, Inc. (NASDAQ:CSCO)

Goldman Sachs’ Stake Value: $1,740,886,006
Dividend Yield as of August 16: 2.93%

Cisco Systems, Inc. (NASDAQ:CSCO) is an American tech company that is also a leading provider of network solutions in the country. The company pays a quarterly dividend of $0.39 per share and its dividend yield on August 16 came in at 2.93%. It is one of the best Goldman Sachs dividend stocks on our list with a 12-year streak of consistent dividend growth under its belt.

At the end of Q2 2023, 55 hedge funds tracked by Insider Monkey were long Cisco Systems, Inc. (NASDAQ:CSCO). The stakes owned by these elite funds have a collective value of over $1.4 billion. With roughly 11 million shares, AQR Capital Management was the company’s largest stakeholder in Q2.

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