The stakes owned by these funds have a collective value of over $4.88 billion.
#BEST DIVIDEND STOCKS TO BUY NOW SOFTWARE#
(NASDAQ:INTU) is an American tech company that primarily focuses on developing financial and business software solutions for individuals, small businesses, and accounting professionals.Īt the end of Q2 2023, the company was a part of 86 hedge fund portfolios, which remained unchanged from the previous quarter, according to Insider Monkey's database. With over 8.2 million shares, Soroban Capital Partners was the company's leading stakeholder in Q2. The consolidated value of these stakes is over $4.15 billion.
UNP is one of the best dividend stocks on our list as the company maintains a 16-year track record of consistent dividend growth.Īt the end of Q2 2023, 84 hedge funds tracked by Insider Monkey held stakes in Union Pacific Corporation (NYSE:UNP), compared with 85 in the previous quarter. It currently pays a quarterly dividend of $1.30 per share and has a dividend yield of 2.33%, as recorded on August 25. The company is primarily known for its railroad operations, but it also offers various logistics and related services. Union Pacific Corporation (NYSE:UNP) is a major transportation company in the US. On the earnings call, management made the case that OCI will play a significant role in the Generative AI workloads which bodes well for continued growth.” 15.
Oracle has messaged that this business has price-performance advantages as compared to the other infrastructure companies (Amazon, Microsoft, Google) and appears to be winning business as a result. Revenues grew 17% and were primarily driven by Cloud Services (up 29%) with Oracle’s cloud infrastructure (OCI) business growing 89% in the quarter. “Oracle Corporation (NYSE:ORCL) reported a solid fiscal fourth quarter and provided guidance for the first quarter that continued to support solid growth for the company. (NASDAQ: PEP) are some of the best dividend stocks as these companies have been raising their payouts for decades. The Procter & Gamble Company (NYSE: PG), Colgate-Palmolive Company (NYSE: CL), and PepsiCo, Inc. In the trailing 5 years through July 31, 2022, the dividend growth strategy delivered an annualized return of 9.93%, compared with a 7.56% return of income strategy. The report also mentioned that companies with continuous dividend growth streaks tend to outperform the overall market. Moreover, in two out of these three periods, their outperformance was quite notable. Furthermore, the dividend itself can act as a safety net against potential losses.Īccording to a report by Morningstar, during economic slowdowns that began in July 1981, March 2001, and December 2007, dividend-paying stocks performed better than the overall market. Companies that have sufficient cash flow to consistently pay dividends usually pose lower risks due to their naturally more stable financial performance.
Essentially, dividend stocks could replace the need for holding cash or bonds. Instead of reinvesting dividends, retirees could use them as a source of spending money. The other reason for adding these stocks to portfolios is to create income for retirement. Investors focus on dividend stocks to increase the overall returns of their investment portfolio by using the dividends to buy more shares. In this volatile environment dividend stocks continue to gain investors' attention.Īlso read: 10 Dividend Stocks with Over 8% Yield The tech-heavy NASDAQ is down 3.82% in the past 30 days, while it returned 30.84% year-to-date. However, this months-long rally stumbled in August and the excitement of consistently witnessing investment profits has faded away. Seven large tech companies represented over two-thirds of the S&P 500's growth until July.
The investment landscape is continuously evolving this year. You can skip our detailed analysis of dividend stocks and their performance, and go directly to read 5 Best Dividend Paying Stocks To Buy Now. In this article, we discuss 16 best dividend paying stocks to buy now.
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