13 Best Consistent Dividend Stocks to Buy Now

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6. Walmart Inc. (NYSE:WMT)

Number of Hedge Fund Holders: 105

Walmart Inc. (NYSE:WMT) is not only the world’s largest retailer but also the biggest company by sales, and it continues to grow through areas like e-commerce and a stronger product selection.

Its strategy, in place since the first discount store opened over 60 years ago, has been straightforward: keep costs low and pass the savings on to customers through affordable prices. Walmart Inc. (NYSE:WMT) generates significant operating cash flow, which it reinvests in capital projects to stay competitive. These include technology upgrades that enhance the shopping experience by enabling smoother online orders and quicker delivery.

Earlier this year, Walmart Inc. (NYSE:WMT)’s board of directors raised the quarterly dividend by 13%, marking 52 consecutive years of increases. This achievement places WMT among the ranks of Dividend Kings. Currently, it pays a quarterly dividend of $0.235 per share and has a dividend yield of 0.91%, as of September 12.

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