5 Best Dividend Paying Stocks To Buy Now

4. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 135
Dividend Yield as of March 14: 0.61%

An American multinational tech company, Apple Inc. (NASDAQ:AAPL) is next on our list of the best dividend-paying stocks to buy. On February 2, the company declared a quarterly dividend of $0.23 per share and has a dividend yield of 0.61%, as of March 14. It has been raising its dividends consistently for the past nine years.

Goldman Sachs initiated its coverage on Apple Inc. (NASDAQ:AAPL) with a Buy rating in March with a $199 price target, appreciating the company’s installed base growth and secular growth in services.

As of the close of Q4 2022, 135 hedge funds tracked by Insider Monkey reported having stakes in Apple Inc. (NASDAQ:AAPL), with a total value of over $136 billion.

Distillate Capital mentioned Apple Inc. (NASDAQ:AAPL) in its Q4 2022 investor letter. Here is what the firm has to say:

“The largest new purchase was Apple Inc. (NASDAQ:AAPL), which after underperforming saw its valuation improve significantly. Over the course of the last year, Apple’s consensus estimated forward free cash flows rose modestly, while its enterprise value fell by around 30%. Apple ranks below the 25th most attractive name in the portfolio and so its weight is capped at 4% vs. 6% for names in the top quartile.”