5 Best Dividend Paying Stocks To Buy Now

3. JPMorgan Chase & Co. (NYSE:JPM)

Number of Hedge Fund Holders: 104
Dividend Yield as of September 26: 2.84%

JPMorgan Chase & Co. (NYSE:JPM) is a New York-based multinational investment banking and financial services company. This year so far, the company has held its top position as a global investment banking revenue generator as its equity capital markets revenue and the US marketed loans revenue remain unchanged from the year-ago period. Year-to-date, the company’s revenue came in at $4.5 billion, which represented 8.1% of the global banking revenue.

On September 20, JPMorgan Chase & Co. (NYSE:JPM) declared a quarterly dividend of $1.00 per share, in line with its previous dividend. The company maintains a 7-year streak of consistent dividend growth. The stock’s dividend yield came in at 3.75%, as of September 26.

In September, Deutsche Bank maintained its Buy rating on JPMorgan Chase & Co. (NYSE:JPM) with a $155 price target, highlighting the company’s performance in the current economic landscape.

As of the close of Q2 2022, 104 hedge funds tracked by Insider Monkey owned stakes in JPMorgan Chase & Co. (NYSE:JPM), falling from 110 in the previous quarter. These stakes hold a combined value of over $5.8 billion, compared with $5 billion worth of stakes owned by hedge funds in the previous quarter.