5 Best Blue Chip Dividend Stocks To Buy

4. Kimberly-Clark Corporation (NYSE:KMB)

Number of Hedge Fund Holders: 40
Dividend Yield as of May 23: 3.38%

Kimberly-Clark Corporation (NYSE:KMB) is a Texas-based manufacturing company that deals in consumer products. The company offers a quarterly dividend of $1.18 per share and has a dividend yield of 3.38%, as of May 23. It is one of the best dividend stocks on our list as it has raised its payouts for 51 years in a row.

In April, Barclays raised its price target on Kimberly-Clark Corporation (NYSE:KMB) to $140 and kept an Equal Weight rating on the shares. The firm appreciated the company’s gross margin recovery and earnings growth.

The number of hedge funds tracked by Insider Monkey that owned stakes in Kimberly-Clark Corporation (NYSE:KMB) grew to 40 in Q1 2023, from 30 in the previous quarter. These stakes have a collective value of over $909 million.

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