Top 5 High Dividend Stocks To Buy According To Hedge Funds

3. Energy Transfer LP (NYSE:ET)

Number of Hedge Fund Holders: 34
Dividend Yield as of March 29: 8.05%

Energy Transfer LP (NYSE:ET) is next on our list of the best dividend stocks with high yields. The American midstream energy company has raised its dividends for nine consecutive quarters and offers a quarterly dividend of $0.315 per share. The stock’s dividend yield on March 29 came in at 8.05%.

As per Insider Monkey’s database of Q4 2023, 34 hedge funds invested in Energy Transfer LP (NYSE:ET), the same as in the previous quarter. These stakes are worth over $824.4 million in total. Among these hedge funds, David Abrams’ Abrams Capital Management was the company’s leading stakeholder in Q4.

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