5 Best Dividend Kings Stocks to Buy Now

Page 1 of 5

In this article, we discuss 5 best dividend king stocks to buy now. If you want to read our detailed analysis of dividend stocks and their performance over the years, go directly to read 14 Best Dividend Kings Stocks to Buy Now

5. AbbVie Inc. (NYSE:ABBV)

Number of Hedge Fund Holders: 74

AbbVie Inc. (NYSE:ABBV) is an American pharmaceutical company that specializes in the research, development, and manufacturing of a wide range of pharmaceutical products. On September 8, the company declared a quarterly dividend of $1.48 per share, which was in line with its previous dividend. It is one of the best dividend kings on our list as the company has raised its dividends consistently for the past 50 years. The stock has a dividend yield of 3.88%, as of September 23.

At the end of Q2 2023, 74 hedge funds tracked by Insider Monkey reported having stakes in AbbVie Inc. (NYSE:ABBV), compared with 75 in the previous quarter. The collective value of these stakes is over $2.37 billion.

Carillon Tower Advisers mentioned AbbVie Inc. (NYSE:ABBV) in its Q2 2023 investor letter. Here is what the firm has to say:

“AbbVie Inc. (NYSE:ABBV) reported mixed first-quarter results, which included disappointing revenue for two important products that are expected to drive new growth for the firm. We believe the source of weakness is temporary and remain bullish on the long-term future for both products.”

Follow Abbvie Inc. (NYSE:ABBV)

Page 1 of 5