5 Best Dividend Paying Stocks To Buy Now

In this article, we will discuss 5 best dividend-paying dividend 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 5 Best Dividend Paying Stocks To Buy Now. 

5. Activision Blizzard, Inc. (NASDAQ:ATVI)

Number of Hedge Fund Holders: 129
Dividend Yield as of March 14: 0.60%

Activision Blizzard, Inc. (NASDAQ:ATVI) is an American multinational video game holding company. The company remained popular among elite funds in Q4 2022, as 129 hedge funds tracked by Insider Monkey owned stakes in the company, up from 96 in the previous quarter. These stakes have a total value of over $9.52 billion. It is among the best dividend-paying stocks on our list.

Activision Blizzard, Inc. (NASDAQ:ATVI) currently pays an annual dividend of $0.47 per share. The stock has a dividend yield of 0.60%, as of March 14.

In February, Deutsche Bank upgraded Activision Blizzard, Inc. (NASDAQ:ATVI) to Buy from Hold and also lifted its price target on the stock to $90. The firm appreciated the company’s business model.

Cooper Investors mentioned Activision Blizzard, Inc. (NASDAQ:ATVI) in its Q2 2022 investor letter. Here is what the firm has to say:

“Activision Blizzard, Inc. (NASDAQ:ATVI) – our investment preceded news that the company was under investigation for workplace bullying. When it became clear management had misled the market on the extent of the problem we sold, led by our principles of Responsible Investing. We did not benefit from the subsequent M&A premium paid by Microsoft.”