10 Best Stocks For Dividends

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In this article, we discuss 10 best stocks for dividends. If you want to read our detailed analysis of dividend investments and their performance over the years, go directly to read 25 Best Stocks For Dividends

10. Amgen Inc. (NASDAQ:AMGN)

Number of Hedge Fund Holders: 60

Amgen Inc. (NASDAQ:AMGN) is a California-based multinational biotech company that specializes in the discovery and manufacturing of biological medicines. On March 7, the company declared a quarterly dividend of $2.13 per share, which was in line with its previous dividend. It has raised its payouts every year since 2011, which makes it one of the best dividend stocks on our list. The stock has a dividend yield of 3.58%, as of March 25.

In March, Wells Fargo upgraded Amgen Inc. (NASDAQ:AMGN) to Overweight with a $265 price target.

Amgen Inc. (NASDAQ:AMGN) was a popular stock among hedge funds in Q4 2022, as 60 funds in Insider Monkey’s database owned stakes in the company, up from 53 in the previous quarter. The collective value of these stakes is over $2.2 billion. With over 1.5 million shares, Two Sigma Advisors was the company’s leading stakeholder.

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