5 Best Dividend Paying Stocks To Buy Now

3. Mastercard Incorporated (NYSE:MA)

Number of Hedge Fund Holders: 140

Mastercard Incorporated (NYSE:MA) operates a global payment network that connects financial institutions, merchants, and consumers. The company facilitates electronic transactions by providing a range of financial products and services, particularly in the field of payment processing. In December 2023, the company achieved its 11th consecutive annual dividend increase, which makes MA one of the best dividend paying stocks on our list. It currently pays a quarterly dividend of $0.66 per share and has a dividend yield of 0.60%, as of January 30.

Insider Monkey’s database of Q3 2023 indicated that 140 hedge funds owned stakes in Mastercard Incorporated (NYSE:MA), up from 139 in the previous quarter. The consolidated value of these stakes is more than $15.2 billion. With nearly 6 million shares, Akre Capital Management was the company’s leading stakeholder in Q3.

Follow Mastercard Inc (NYSE:MA)