5 Best Dividend Aristocrats with over 3% Yield

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In this article, we will be taking a look at the 5 best dividend aristocrats with over 3% yield. If you wish to see our detailed analysis of dividend investing, you can go directly to see the 11 Best Dividend Aristocrats with over 3% Yield.

5. Kellogg Company (NYSE:K)

Number of Hedge Fund Holders: 32

Dividend Yield: 3.68%

Kellogg Company (NYSE:K) is a multinational plant-based food manufacturing company based in Michigan. Specializing in ready-to-eat cereals, among other breakfast staples, the company ranks fifth on our list of the 11 best dividend aristocrats with over 3% yield.

For the second quarter of 2021, Kellogg Company (NYSE:K) reported earnings per share at $1.14, beating the forecast estimates by $0.11. The company’s revenue for the quarter was $3.56 billion, beating market estimates by $123.56 million.

On September 21, Morgan Stanley analyst Pamela Kaufman assumed coverage of Kellogg Company (NYSE:K) with an Equal Weight rating alongside a price target of $64 on its shares.

By the end of the second quarter of 2021, 32 hedge funds out of the 873 tracked by Insider Monkey held stakes in Kellogg Company (NYSE:K) worth roughly $482.8 million. The number of hedge funds that held stakes within the company remained unchanged through the first and second quarters of 2021.

Out of the hedge funds being tracked by Insider Monkey, the Boston-based investment firm, Arrowstreet Capital, is among the leading shareholders in Kellogg Company (NYSE:K) with 1.76 million share worth $113.5 million.

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