5 Best Dividend Stocks for College Students

In this article, we discuss the 5 best dividend stocks for college students. If you want to read about some more dividend stocks for college students, go directly to 10 Best Dividend Stocks for College Students.

5. Colgate-Palmolive Company (NYSE:CL)

Number of Hedge Fund Holders: 48 

Colgate-Palmolive Company (NYSE:CL) makes and sells consumer products. Elite hedge funds are bullish on the stock. Among the hedge funds being tracked by Insider Monkey, New York-based investment firm First Eagle Investment Management is a leading shareholder in Colgate-Palmolive Company (NYSE:CL) with 11.5 million shares worth more than $988 million. 

On January 31, Credit Suisse analyst Kaumil Gajrawala kept an Outperform rating on Colgate-Palmolive Company (NYSE:CL) stock with a price target of $90. The company has registered close to two decades of consecutive growth in dividend payments. 

Here is what First Eagle Investment Management has to say about Colgate-Palmolive Company (NYSE:CL) in its Q1 2021 investor letter:

“The leading detractors in the quarter (included) Colgate-Palmolive Company. After a strong 2020 fueled in part by lockdown-driven demand, consumer staples stocks generally cooled during the first quarter as investors shifted attention to the more economically sensitive areas of the market likely to benefit from re-openings and improved discretionary spending. The effects of this rotation could be seen in the share price underperformance of names like Colgate-Palmolive.”