Jim Cramer’s 5 Favorite Dividend Aristocrats

1. Realty Income Corporation (NYSE:O)

Number of Hedge Fund Holders: 19

Dividend Yield as of September 12: 4.45%

Jim Cramer is bullish on the monthly dividend company Realty Income Corporation (NYSE:O) because the REIT’s primary clients include drugstores, departmental stores, and dollar stores among others. He likes the stock’s high dividend yield, which as of September 12 sits at 4.45%.

On August 16, Realty Income Corporation (NYSE:O) declared a monthly cash dividend of $0.2475 per share. The dividend is payable on September 15 to investors of record at the close of business on September 1. As of September 12, Realty Income Corporation (NYSE:O) has free cash flows of roughly $2 billion to support its monthly dividends.

Wall Street is bullish on Realty Income Corporation (NYSE:O). On June 22, Credit Suisse analyst Tayo Okusanya initiated coverage of Realty Income Corporation (NYSE:O) with a buy-side Outperform rating and a $75 price target. On June 30, Jefferies analyst Jonathan Petersen revised his price target on Realty Income Corporation (NYSE:O) to $78 from $81 and maintained a Buy rating on the shares.

At the end of Q2, 19 hedge funds were eager on Realty Income Corporation (NYSE:O) and held stakes worth $200.7 million in the company. Of those, Zimmer Partners was the most prominent investor with stakes worth $51 million.

You can also take a look at Jim Cramer’s Top 10 Stock Picks for 2022 and 10 Best Jim Cramer Stocks To Buy Today.

Follow Insider Monkey on Twitter