Top 5 Dividend Stocks To Buy Now According To Analysts

In this article, we discuss top 5 dividend stocks to buy now according to analysts. If you want to read our detailed analysis of dividend stocks and their previous performance, go directly to read Top 12 Dividend Stocks To Buy Now According To Analysts. 

5. Broadcom Inc. (NASDAQ:AVGO)

Upside Potential as of March 31: 18.9%

Broadcom Inc. (NASDAQ:AVGO) is a global technology company that develops and supplies a broad range of semiconductor and infrastructure software solutions. On March 8, the company announced a quarterly dividend of $5.25 per share, which was consistent with its previous dividend. Overall, the company has been rewarding shareholders with growing dividends for the past 13 years, which makes AVGO one of the best dividend stocks on our list. The stock has a dividend yield of 1.58%, as of March 31.

As of the end of Q4 2023, 91 hedge funds in Insider Monkey’s database reported having stakes in Broadcom Inc. (NASDAQ:AVGO), growing from 87 in the previous quarter. These stakes are collectively worth more than $8.8 billion.

4. NIKE, Inc. (NYSE:NKE)

Upside Potential as of March 31: 19.09%

NIKE, Inc. (NYSE:NKE) is a leading global brand of athletic footwear and apparel industry. The company currently pays a quarterly dividend of $0.37 per share, having raised it by 8.8% in November 2023. Through this increase, the company achieved its 22nd consecutive annual dividend growth, which makes NKE one of the best dividend stocks on our list. The stock offers a dividend yield of 1.57%, as of March 31.

At the end of the fourth quarter of 2023, 69 hedge funds tracked by Insider Monkey held stakes in NIKE, Inc. (NYSE:NKE), which remained unchanged in the previous quarter. The consolidated value of these stakes is over $3.53 billion. With nearly 10 million shares, Ken Fisher’s Fisher Asset Management was the company’s leading stakeholder in Q4.

3. Mondelez International, Inc. (NASDAQ:MDLZ)

Upside Potential as of March 31: 19.24%

Mondelez International, Inc. (NASDAQ:MDLZ) is next on our list of the best dividend stocks according to analysts. The multinational food and beverage company offers a quarterly dividend of $0.425 per share and has a dividend yield of 2.43%, as of March 31. The company holds a 10-year track record of consistent dividend growth and has an upside potential of 19.24%, as of March 31.

At the end of Q4 2023, 51 hedge funds held stakes in Mondelez International, Inc. (NASDAQ:MDLZ), the same as in the previous quarter, as per Insider Monkey’s database. The collective value of these stakes is over $1.14 billion. Among these hedge funds, Holocene Advisors was the company’s leading stakeholder in Q4.

2. Comcast Corporation (NASDAQ:CMCSA)

Upside Potential as of March 31: 19.77%

Comcast Corporation (NASDAQ:CMCSA) is an American multinational telecommunications company that mainly specializes in broadcasting and cable television services. In January this year, the company raised its dividend by nearly 7% and now pays a quarterly dividend of $0.31 per share. This was the company’s 16th consecutive year of dividend growth, which makes CMCSA one of the best dividend stocks on our list. As of March 31, the stock has a dividend yield of 2.86%.

According to Insider Monkey’s database of Q4 2023, 63 hedge funds held stakes in Comcast Corporation (NASDAQ:CMCSA), compared with 68 in the previous quarter. The collective stake value of these positions is nearly $3 billion.

1. Nutrien Ltd. (NYSE:NTR)

Upside Potential as of March 31: 21.06%

Nutrien Ltd. (NYSE:NTR) tops our list of the best dividend stocks according to analysts. The leading agricultural company declared a 2% increase in its quarterly dividend in February to $0.54 per share. Through this increase, the company stretched its dividend growth streak to five years. As of March 31, the stock has a dividend yield of 3.98%.

The number of hedge funds tracked by Insider Monkey holding stakes in Nutrien Ltd. (NYSE:NTR) grew to 39 in Q4 2023, from 33 in the previous quarter. The collective value of these stakes is nearly $484 million. Among these hedge funds, First Eagle Investment Management was the company’s leading stakeholder in Q4.

You can also take a look at 11 Best Beaten Down Dividend Stocks to Invest in Now and 10 Best Industrial Machinery Stocks to Invest In