5 Best Consumer Cyclical Dividend Stocks To Invest In

5. McDonald’s Corporation (NYSE:MCD)

Number of Hedge Fund Holders: 63

McDonald’s Corporation (NYSE:MCD) operates a vast network of franchised and company-owned fast-food restaurants globally. On February 8, the company declared a quarterly dividend of $1.67 per share, which was consistent with its previous dividend. The company’s dividend growth streak spans over 47 years, which makes MCD one of the best dividend stocks from the consumer cyclical sector. The stock has a dividend yield of 2.28%, as of February 21.

At the end of Q4 2023, 63 hedge funds in Insider Monkey’s database reported having stakes in McDonald’s Corporation (NYSE:MCD), compared with 70 in the previous quarter. The collective value of these stakes is over $20.9 billion. With roughly 1.8 million shares, Citadel Investment Group was the company’s leading stakeholder in Q4.

Follow Mcdonalds Corp (NYSE:MCD)