12 Best Dividend Aristocrat Stocks to Invest in Right Now

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2. Walmart Inc. (NYSE:WMT)

Number of Hedge Fund Holders: 105

Walmart Inc. (NYSE:WMT) has grown from its small-town roots in Arkansas into one of the world’s leading retailers. While its era of rapid expansion may have passed, the company continues to deliver strong returns by capitalizing on its vast US presence and growing online operations to maintain its dominance.

Nearly 90% of Americans live within 10 miles of a Walmart Inc. (NYSE:WMT) store, and its Sam’s Club division ranks as the second most successful warehouse retailer in the US, behind Costco. Although its international expansion has faced challenges, the company has gained traction in online retail abroad, where more consumers are embracing its low-price strategy.

Walmart Inc. (NYSE:WMT)’s dividend is one of the most appealing things about it. On September 2, the company declared a quarterly dividend of $0.235 per share, which was in line with its previous dividend. Overall, it has raised its dividends for 52 consecutive years. As of September 26, the stock supports a dividend yield of 0.91%.

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