5 Best Consumer Discretionary Dividend Stocks To Buy According to Analysts

In this article, we discuss 5 best consumer discretionary dividend stocks to buy according to analysts. If you want to read our detailed analysis of the consumer discretionary sector and its performance in the past, go directly to read 10 Best Consumer Discretionary Dividend Stocks To Buy According to Analysts. 

5. Best Buy Co., Inc. (NYSE:BBY)

Upside Potential as of April 24: 15.5%

Best Buy Co., Inc. (NYSE:BBY) is an American consumer electronics retailer that offers related products and services to its consumers. On March 1, the company announced a 2.2% hike in its quarterly dividend to $0.94 per share. Through this increase, the company stretched its dividend growth streak to 11 years, which makes BBY one of the best dividend stocks on our list. The stock has a dividend yield of 5.08%, as of April 24.

According to Insider Monkey’s database of Q4 2023, 32 hedge funds held stakes in Best Buy Co., Inc. (NYSE:BBY), up from 28 in the previous quarter. The overall value of these stakes is nearly $310 million. With over 1 million shares, AQR Capital Management was the company’s leading stakeholder in Q4.