5 Best Blue Chip Dividend Stocks To Buy

In this article, we discuss 5 blue chip dividend stocks to buy now. If you want to read our detailed analysis of dividend stocks and their performance in the past, go directly to read 15 Best Blue Chip Dividend Stocks To Buy. 

5. Exxon Mobil Corporation (NYSE:XOM)

Number of Hedge Fund Holders: 79
Market Cap as of January 25: $398 billion

Exxon Mobil Corporation (NYSE:XOM) is an American multinational energy company that is involved in various aspects of the energy industry, including exploration, production, refining, and marketing of oil and gas products. The company pays a quarterly dividend of $0.95 per share, having raised it by 4.4% in October 2023. This marked the company’s 41st consecutive year of dividend growth, which makes XOM one of the best dividend stocks on our list. As of January 25, the stock has a dividend yield of 3.82%.

As per Insider Monkey’s database of Q3 2023, 79 hedge funds owned stakes in Exxon Mobil Corporation (NYSE:XOM), up from 71 a quarter earlier. These stakes are worth over $4.4 billion in total. With over 13 million shares, First Eagle Investment Management was the company’s leading stakeholder in Q3.

4. JPMorgan Chase & Co. (NYSE:JPM)

Number of Hedge Fund Holders: 109
Market Cap as of January 25: $490.4 billion

An American financial services and banking company, JPMorgan Chase & Co. (NYSE:JPM) is next on our list of the best dividend stocks. The company’s quarterly dividend comes in at $1.05 per share and the stock offers a dividend yield of 2.46%, as of January 25. It distributed $3.1 billion worth of dividends to shareholders in the fourth quarter of 2023.

With a collective value of over $6.6 billion, 109 hedge funds in Insider Monkey’s database held positions in JPMorgan Chase & Co. (NYSE:JPM) in the third quarter of 2023. In comparison, 106 funds owned stakes in the company in the previous quarter.

3. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 134
Market Cap as of January 25: $3 trillion

With 3 trillion in market capitalization, Apple Inc. (NASDAQ:AAPL) is one of the best blue chip dividend stocks on our list. The American tech company has been growing its dividends for the past 11 years and offers a quarterly dividend of $0.24 per share. The stock’s dividend yield on January 25 came in at 0.49%.

At the end of September 2023, 134 hedge funds tracked by Insider Monkey reported having stakes in Apple Inc. (NASDAQ:AAPL), down from 135 in the previous quarter. The stakes have a total value of roughly $180 billion. Among these hedge funds, Warren Buffett’s Berkshire Hathaway owned the largest stake in the company.

2. Visa Inc. (NYSE:V)

Number of Hedge Fund Holders: 167
Market Cap as of January 25: $558.2 billion

Visa Inc. (NYSE:V) is a global financial services company that operates one of the world’s largest electronic payment networks. The company holds a 15-year track record of consistent dividend growth and currently offers a quarterly dividend of $0.52 per share. As of January 25, the stock has a dividend yield of 0.77%.

At the end of the third quarter of 2023, 167 hedge funds owned stakes in Visa Inc. (NYSE:V), compared with 171 in the preceding quarter, according to Insider Monkey’s database. The consolidated value of these stakes is over $24.4 billion.

1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 306
Market Cap as of January 25: $3 trillion

Microsoft Corporation (NASDAQ:MSFT) ranks first on our list of the best dividend stocks. The multinational tech company offers a quarterly dividend of $0.75 per share and maintains a 17-year streak of consistent dividend growth. The stock’s dividend yield on January 25 came in at 0.75%.

Of the 910 hedge funds tracked by Insider Monkey at the end of Q3 2023, 306 funds held stakes in Microsoft Corporation (NASDAQ:MSFT), growing from 300 in the preceding quarter. These stakes have a collective value of more than $72 billion.

You can also take a look at 10 Dividend Stocks with the Biggest Buyback Programs and 10 Dividend Stocks with Sustainable Payout Ratios