5 Best Diversified Dividend Stocks to Buy Now

4. Corning Incorporated (NYSE:GLW)

Dividend Yield as of October 3: 3.72%

Corning Incorporated (NYSE:GLW) is an American multinational company that operates through different businesses, including technology, materials, and communications. In September, Susquehanna maintained a Positive rating on the stock with a $40 price target, highlighting the company’s earnings and its guidance in the recent quarter.

In Q2 2022, Corning Incorporated (NYSE:GLW)’s cash position remained stable as it generated $758 million in operating cash flow, up from $534 million in the previous quarter. Its free cash flow stood at $440 million, compared with $151 million in the preceding quarter. The company’s revenue for the quarter came in at $3.76 billion, showing a 7.4% growth from the same period last year.

Corning Incorporated (NYSE:GLW) has been raising its dividends consistently for the past 11 years. It currently pays a quarterly dividend of $0.27 per share and has a dividend yield of 3.72%, as of October 3.

As of the end of June 2022, 34 hedge funds tracked by Insider Monkey owned stakes in Corning Incorporated (NYSE:GLW), compared with 43 a quarter earlier. These stakes hold a collective value of nearly $320 million.