5 Best Dividend Kings Stocks to Buy Now

3. Walmart Inc. (NYSE:WMT)

Number of Hedge Fund Holders: 81

Walmart Inc. (NYSE:WMT) is an American retail corporation that operates a wide range of retail formats and offers a diverse selection of products and services. The company currently pays a quarterly dividend of $0.57 per share with a dividend yield of 1.40%, as of September 23. It has raised its dividends consistently for 50 years straight.

As of the close of Q2 2023, 81 hedge funds in Insider Monkey’s database reported having stakes in Walmart Inc. (NYSE:WMT), worth collectively over $5.4 billion. Among these hedge funds, D E Shaw was the company’s leading stakeholder in Q2.

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