5 Best Dividend Aristocrats with Over 3% Yield

4. Medtronic plc (NYSE:MDT)

Number of Hedge Fund Holders: 63
Dividend Yield as of October 21: 3.80%

Medtronic plc (NYSE:MDT) is an American healthcare company that mainly specializes in medical devices and offers other healthcare solutions. The company offers a quarterly dividend of $0.69 per share and has been raising its dividends consistently for the past 46 years. With a dividend yield of 3.80% as of October 21, MDT is one of the best dividend aristocrat stocks on our list.

Medtronic plc (NYSE:MDT) was a part of 63 hedge fund portfolios at the end of Q2 2023, growing from 52 in the previous quarter, according to Insider Monkey’s database. The stakes owned by these hedge funds have a total value of over $1.86 billion. With roughly 5.5 million shares, First Eagle Investment Management was the company’s leading stakeholder in Q2.

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