5 Best Dividend Stocks to Buy for Consistent Growth and Income

3. The Toronto-Dominion Bank (NYSE: TD)

Number of Hedge Fund Holders: 22

With a dividend yield of 3.76%, Toronto-Dominion ranks 3rd in the list of 10 best dividend stocks to buy for consistent growth and income. Toronto-Dominion is one of the Big Five banks in Toronto. The bank has increased its dividend for 10 straight years. The bank’s 5-year dividend growth rate is 9.2%.

As of the end of the fourth quarter, there were 22 hedge funds in Insider Monkey’s database that held stakes in Toronto-Dominion Bank, compared to 15 funds in the third quarter. Jim Simons’ Renaissance Technologies, with 524,680 shares of TD, is the biggest stakeholder in the company.