5 Best Dividend Stocks That Outperformed in 2022

2. Walmart Inc. (NYSE:WMT)

Year to Date Return as of December 13: 1.96%

Dividend Yield as of December 13: 1.52%

Number of Hedge Fund Holders: 68

Walmart Inc. (NYSE:WMT) raised its annual dividend to $2.24 per share in February of this year, marking the 49th straight year of dividend increases. As a result of the increase, Walmart Inc. (NYSE:WMT) has a dividend yield of 1.52% as of December 13.

Walmart Inc. (NYSE:WMT has substantial scale given its fiscal year 2022 sales of $573 billion and its 10,500 stores. As a result of its scale, the company can often sell products cheaper than its competitors and help customers save money. In a high inflation environment, that’s a good market position to be in and Walmart Inc. (NYSE:WMT) has increased 1.96% this year as a result. At the end of September, 68 hedge funds in our database owned shares of Walmart Inc. (NYSE:WMT), ranking the stock #2 on our list of 12 Best Dividend Stocks That Outperformed in 2022.