5 Best December Dividend Stocks To Buy

3. Merck & Co., Inc. (NYSE:MRK)

Ex-Dividend Date: December 14

Merck & Co., Inc. (NYSE:MRK) is next on our list of the best dividend stocks to buy now. The American pharmaceutical company announced a 5.5% hike in its quarterly dividend to $0.77 per share on November 28. This marked the company’s 12th consecutive year of dividend growth. The stock has a dividend yield of 2.89%, as of November 29.

Insider Monkey’s database of Q3 2023 indicated that 85 hedge funds owned stakes in Merck & Co., Inc. (NYSE:MRK), up significantly from 78 in the previous quarter. The collective value of these stakes is over $5.06 billion. Ken Fisher’s Fisher Asset Management was the company’s leading stakeholder in Q3.

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