Top 5 High Dividend Stocks To Buy According To Hedge Funds

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1. Altria Group, Inc. (NYSE:MO)

Number of Hedge Fund Holders: 42
Dividend Yield as of March 29: 8.99%

Altria Group, Inc. (NYSE:MO) tops our list of the best dividend stocks with high yields. The American multinational tobacco company currently pays a quarterly dividend of $0.98 per share and has a dividend yield of 8.99%, as recorded on March 29. It holds a 54-year track record of consistent dividend growth.

At the end of Q4 2023, 42 hedge funds in Insider Monkey’s database reported having stakes in Altria Group, Inc. (NYSE:MO), growing from 40 in the previous quarter. The collective value of these stakes is over $1.08 billion.

Should you invest $1,000 in Altria Group right now?

Before you buy stock in MO, consider this:

The Insider Monkey Quarterly Newsletter just identified what we believe are the 14 best stocks for investors to buy now… and MO wasn’t one of them. The 14 stocks that made the cut could produce monster returns in the next few months.

Quarterly Newsletter is your easy-to-follow blueprint for building a winning portfolio.  It includes stock picks from billionaires, regular updates from hedge fund investor letters, and 14 fresh stock picks each quarter. The Quarterly Newsletter service has more than doubled the return of S&P 500 since 2014.

See the 14 stocks

Follow Altria Group Inc. (NYSE:MO)

You can also take a look at 13 Most Undervalued Retail Stocks To Buy Now and 13 High Growth Value Stocks to Invest in According to Seth Klarman

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