5 Best Blue Chip Dividend Stocks To Buy

In this article, we will take a look at 5 best blue chip dividend stocks to buy. If you want to read our detailed analysis of blue chip companies and dividend stocks, go directly to read 12 Best Blue Chip Dividend Stocks to Buy.

5. Kellogg Company (NYSE:K)

Number of Hedge Fund Holders: 40
Dividend Yield as of May 23: 3.46%

Kellogg Company (NYSE:K) is a multinational food manufacturing company, based in Michigan. Barclays raised its price target on the stock in May to $74, highlighting the company’s Q1 earnings upside.

On April 28, Kellogg Company (NYSE:K) declared a quarterly dividend of $0.59 per share, which was consistent with its previous dividend. The company has been paying uninterrupted dividends to shareholders since 1925 and also maintains an 18-year streak of dividend growth. The stock has a dividend yield of 3.46%, as of May 23.

Kellogg Company (NYSE:K) was a popular stock among elite funds in Q1 2023, as 40 hedge funds tracked by Insider Monkey owned stakes in the company, up from 26 in the previous quarter. These stakes are collectively worth over $530 million. Marshall Wace LLP was the company’s leading stakeholder in Q1.