5 Best Dividend Contenders to Buy in 2021

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In this article, we will be looking at the 5 best dividend contenders to buy in 2021. If you want to see our detailed analysis of dividend contenders and investing, you can go directly to the 10 Best Dividend Contenders to Buy in 2021.

5. CSX Corporation (NASDAQ: CSX)

Number of Hedge Fund Holders: 53
Number of Years of Consecutive Dividend Increases: 17
Dividend Yield: 1.1%

CSX Corporation (NASDAQ: CSX) is a railroads company providing rail-based freight transportation services and transportation of intermodal containers and trailers, among other related services. It ranks 5th on our list of the best dividend contenders to buy in 2021.

This July, TD Securities upgraded CSX Corporation (NASDAQ: CSX) from Hold to Buy, while RBC Capital also raised its price target on the company’s shares from $36 to $37.

In the second quarter of 2021, CSX Corporation (NASDAQ: CSX) had an EPS of $0.52, beating estimates by $0.15. The company’s revenue was $2.99 billion, up 32.59% year over year and also beating estimates by $46.04 million. CSX Corporation (NASDAQ: CSX) has gained about 8.08% in the past 6 months and 7.64% year to date as well.

By the end of the first quarter of 2021, 53 hedge funds out of the 866 tracked by Insider Monkey held stakes in CSX Corporation (NASDAQ: CSX) worth roughly $3.69 billion. This is compared to 58 hedge funds in the previous quarter with stakes worth approximately $3.31 billion.

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