Top 10 Dividend Stocks To Buy According To Hedge Funds

6. Philip Morris International Inc. (NYSE:PM)

Number of Hedge Fund Holders: 102

Philip Morris International Inc. (NYSE:PM) is an American multinational tobacco company that also offers a wide range of related products. The company reported strong earnings in the fourth quarter of 2024, with revenues amounting to $9.7 billion, up 7.3% from the same period last year. Its operating income came in at $3.3 billion, up 14.8% from the prior-year period. In addition, the company’s smoke-free business saw a strong performance as quarterly shipments of heated tobacco units (HTU) and oral smoke-free products surpassed 40 billion units for the first time.

Zyn, a nicotine pouch brand made with nicotine powder and flavoring rather than tobacco, has remained Philip Morris International Inc. (NYSE:PM)’s strongest growth driver since its acquisition in late 2022. In the fourth quarter, Zyn’s sales volume jumped 46.2% to 183.8 million cans. Looking ahead, the company expects Zyn volumes to increase by 34% to 41% in 2025, reaching between 780 million and 820 million cans.

Philip Morris International Inc. (NYSE:PM) has been grabbing investors’ attention due to its strong dividend policy. The company offers a quarterly dividend of $1.35 per share and has an attractive dividend yield of 3.4%, as of February 25. It holds a 15-year track record of consistent dividend growth, which makes PM one of the best dividend stocks on our list.

The number of hedge funds tracked by Insider Monkey owning stakes in Philip Morris International Inc. (NYSE:PM) jumped to 102 in Q4 2024, from 75 in the previous quarter. The total value of these stakes is more than $12.6 billion.