5 Best April Dividend Stocks To Buy

In this article, we discuss 5 best April dividend stocks to buy. If you want to read our detailed analysis of dividend stocks and their performance in the past, go directly to read 10 Best April Dividend Stocks To Buy.

5. Accenture plc (NYSE:ACN)

Ex-Dividend Date: April 12
Dividend Yield as of March 31: 1.58%

Accenture plc (NYSE:ACN) is an Irish company that specializes in information technology services and consulting. Following the company’s recent quarterly earnings beat, RBC Capital raised its price target on the stock to $340 with an Outperform rating on the shares. The firm also appreciated the company’s Managed Services segment.

Accenture plc (NYSE:ACN) currently pays a quarterly dividend of $1.12 per share for a dividend yield of 1.58%, as recorded on March 31. The company maintains a 17-year streak of consistent dividend growth. During its fiscal Q2 2023, it returned $708 million to shareholders in dividends, which makes it one of the best dividend stocks on our list. The stock will be trading ex-dividend on April 12.

As per Insider Monkey’s Q4 2022 database, 63 hedge funds owned investments in Accenture plc (NYSE:ACN), worth nearly $3 billion collectively. In the previous quarter, 58 hedge funds held stakes in the company, with a total value of $3.47 billion.

Distillate Capital Partners LLC mentioned Accenture plc (NYSE:ACN) in its third-quarter 2022 investor letter. Here is what the firm has to say:

“The largest new purchases includes Accenture plc (NYSE:ACN). Accenture modestly lagged the market last quarter and became similarly attractive enough to warrant ownership. Similar to our prior presentations, one way to visualize the current portfolio and note recent changes versus the benchmark is to look at scatter plot of all of Distillate’s FSV holdings versus those in the benchmark with valuation on the vertical axis and free cash ϲow stability on the horizontal axis.”