Why Are These 10 Dividend Stocks Declining?

6. Kenvue Inc. (NYSE:KVUE)

Annual dividend yield: 4.10%

Ex-Dividend Date: February 12, 2025

Number of Hedge Fund Holders: 46

Quarterly dividend amount:  $0.21

Kenvue Inc. (NYSE:KVUE) share price faced a substantial decline of 7.6% in the last five trading sessions despite the EPS meeting the analysts’ expectations of $0.19. The company’s sales amount to approximately $3.66 billion, missing the projections for $3.76 billion. Seasonal infections like the flu have brought down sales in the pediatric pain franchise, and disruptions from Asia have caused a decline in sales in the essential health group. The gap between the actual and projected sales may widen in 2025 because organic sales are offset by a possible 3% headwind from unfavorable foreign exchange rates.

Even so, the shares of Kenvue Inc. (NYSE:KVUE) continue to be part of 46 hedge fund portfolios, making it an attractive investment for investors. The company has declared a quarterly dividend of $0.21 per share. Shareholders who own the stock before the ex-dividend date of February 12, 2025, will be paid this dividend on a scheduled date of February 26, 2025.