5 Best Consumer Cyclical Dividend Stocks To Invest In

4. Lowe’s Companies, Inc. (NYSE:LOW)

Number of Hedge Fund Holders: 68

Lowe’s Companies, Inc. (NYSE:LOW) is a leading home improvement retailer operating primarily in the US and Canada. The company operates a chain of retail stores that offer a wide range of home improvement products. It currently offers a quarterly dividend of $1.10 per share and has a dividend yield of 1.95%, as of February 21. It is one of the best dividend stocks on our list as the company has been growing its dividends for the past 59 consecutive years.

The number of hedge funds tracked by Insider Monkey owning stakes in Lowe’s Companies, Inc. (NYSE:LOW) jumped to 68 in Q4 2023, from 63 in the previous quarter. The consolidated value of these stakes is over $3.7 billion.

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