5 Best Consumer Staples Dividend Stocks To Buy Now

4. Costco Wholesale Corporation (NASDAQ:COST)

Number of Hedge Fund Holders: 65

Costco Wholesale Corporation (NASDAQ:COST) operates warehouse clubs, which are large-scale retail stores that offer a wide range of products, including groceries, electronics, appliances, clothing, furniture, and more. The company has been growing its dividends for the past 19 years, which makes it one of the best dividend stocks on our list. In addition to this, the company frequently pays special dividends to shareholders. It currently offers a quarterly dividend of $1.02 per share and has a dividend yield of 0.58%, as of January 31.

At the end of September 2023, 65 hedge funds tracked by Insider Monkey held stakes in Costco Wholesale Corporation (NASDAQ:COST), compared with 67 in the previous quarter. The consolidated value of these stakes is over $3.56 billion.

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