The Charles Schwab Corporation (NYSE:SCHW) is an American financial services company that mainly provides commercial banking and investing services to its consumers. The Charles Schwab Corporation (NYSE: SCHW) Among these hedge funds, Durable Capital Partners was the company's leading stakeholder in Q1. (NASDAQ:INTU), worth over $5.2 billion collectively. (NASDAQ:INTU) to $525 and $500, respectively.Īt the end of Q1 2023, 86 hedge funds tracked by Insider Monkey reported having stakes in Intuit Inc. In May, both Morgan Stanley and Bank of America raised their price targets on Intuit Inc. The stock has a dividend yield of 0.74%.įollowing the company's recent earnings beat, Street analysts are placing positive ratings on ntuit Inc. The company maintains a 10-year streak of consistent dividend growth. (NASDAQ:INTU), one of the best dividend stocks on our list, currently pays a quarterly dividend of $0.78 per share. At the end of April 2023, the company had $3.7 billion in cash and cash equivalents, compared with $2.8 billion last year. In fiscal Q3 2023, the company reported an operating cash flow of over $4.2 billion, up from $3.5 billion during the same period last year. (NASDAQ:INTU) is a California-based company that specializes in financial software. These stakes have a consolidated value of $4.5 billion. Chevron Corporation (NYSE:CVX), Medtronic plc (NYSE:MDT), and The Coca-Cola Company (NYSE:KO) are some other popular dividend stocks to consider.Īs per Insider Monkey's database, 86 hedge funds owned stakes in Johnson & Johnson (NYSE:JNJ) at the end of Q1 2023, up from 83 in the previous quarter. The company offers a quarterly dividend of $1.19 per share and has a dividend yield of 3.08%. One of the best dividend stocks on our list, Johnson & Johnson (NYSE:JNJ) has been raising its dividends consistently for the past 62 years.

For FY23, the company expects to generate revenue between $97.9 billion to $98.9 billion. The company's revenue also beat analysts' estimates by $1.09 billion. In the first quarter of 2023, the company reported revenue of $24.7 billion, which showed a 5.6% growth from the same period last.

Johnson & Johnson (NYSE:JNJ) is an American multinational pharmaceutical industry company. The stocks are ranked in ascending order of the number of funds that have stakes in them as of the end of March. Global dividends rose 12% in the first quarter of 2023, reaching their record high of $327 billion, according to a report by Janus Henderson Investors.įor this list, we scanned the holdings of 943 elite hedge funds tracked by Insider Monkey and picked the top 16 dividend stocks which are most popular among these funds as of the end of the first quarter of 2023. Their historical performance, coupled with positive investor sentiment, resulted in the growth of dividend payments over the years. Since 1930, dividend stocks have accounted for nearly 40% of the stock market’s overall return. Inflation in these decades averaged above 5% and total returns were below 10%.ĭividend stocks not only remained prominent during periods of high inflation, but dividends have also contributed a substantial portion of the total returns of the US stock market over extended periods. In 25 Things Every Dividend Investor Should Know, we cited data from Fidelity Investments which revealed that dividends represented a significant percentage of the market’s returns during the high inflationary decades of the 1940s, 1960s, and 1970s. Dividend stocks are generally defensive in nature and can provide a potential hedge against inflation. Last year’s high inflationary environment turned investors’ attention toward dividend stocks as they have historically proved their resilience during clampdowns. The 'hedge fund' is expected to generate over $5.7 billion in cash this year, with dividends representing most of it, as mentioned in our article Warren Buffett’s $5.7 Billion Dividend Portfolio: Top 15 Picks. For instance, Warren Buffett’s Berkshire Hathaway purchased 400 million shares of The Coca-Cola Company (NYSE: KO) in 1994 for $1.3 billion, a value which has now increased to $25 billion. In addition to this, dividend growth can lead to potential capital gains, especially when it is accompanied by an increase in the stock price. You can skip our detailed analysis of dividend stocks and their performance, and go directly to read Top 5 Dividend Stocks To Buy According To Hedge Funds.ĭividends can be a significant component of hedge funds’ overall investment strategy because of income generation, risk mitigation, and value investing. In this article, we will discuss top 16 dividend stocks to buy according to hedge funds.

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