11 Best Dividend Paying Stocks to Buy According to Hedge Funds

7. Philip Morris International Inc. (NYSE:PM)

Number of Hedge Fund Holders: 102

Philip Morris International Inc. (NYSE:PM) is an American multinational tobacco company. Amid growing trade tensions, persistent inflation, and a resurgence of economic nationalism, investors are increasingly turning to companies that can withstand broader market pressures. Philip Morris stands out in this environment, as it relies largely on local supply chains in its major markets, reducing its exposure to global disruptions. Tobacco remains a resilient product due to its addictive and habitual nature, and even as the company pushes forward with its smoke-free IQOS offerings, it continues to demonstrate strong pricing power and stability. Unlike many firms affected by tariffs, interest rate hikes, and fiscal concerns, PM remains well-positioned regardless of macroeconomic headwinds. The stock is generating strong returns in 2025, surging by over 27% so far.

In Q4 2024, Philip Morris International Inc. (NYSE:PM) delivered solid performance, with revenue climbing 7.3% year-over-year to $9.7 billion and operating income rising 14.8% to $3.3 billion. The company’s transformation continues to gain momentum, as shipments of heated tobacco and oral nicotine products surpassed 40 billion units in a single quarter for the first time.

On March 6, Philip Morris International Inc. (NYSE:PM) declared a quarterly dividend of $1.35 per share, which was in line with its previous dividend. Overall, the company has been growing its dividends for 15 consecutive years, which makes PM one of the best dividend-paying stocks on our list. As of April 12, the stock has a dividend yield of 3.5%.