5 Best Dividend Stocks Yielding at Least 5% to Buy According to Hedge Funds

Page 5 of 5

1. Pfizer Inc. (NYSE:PFE)

Dividend Yield: 7.15%

Levered Free Cash Flow: $12.38 billion

Number of Hedge Fund Holders: 83

Pfizer Inc. (NYSE:PFE) is one of the best dividend stocks to buy, according to hedge funds.  On June 24, the US Food and Drug Administration approved the use of Pfizer Inc. (NYSE:PFE)’s Ibrance in combination with trastuzumab as a maintenance option for patients with HR-positive, HER2-positive locally advanced or metastatic breast cancer after induction treatment. With the approval, Ibrance becomes the first and only CDK4/6 inhibitor indicated for patients with HR+ metastatic breast cancer.

The approval comes at the backdrop of topline results from the phase 3 Patina study that showed Ibrance reduced the risk of disease progression or death by 24% in the specific patient population. Additionally, the approval asserts Pfizer’s ongoing leadership in delivering meaningful advances for people with breast cancer.

Pfizer Inc. (NYSE:PFE) is a global biopharmaceutical company that discovers, develops, and manufactures prescription medicines, vaccines, and consumer healthcare products. It operates internationally to address critical health challenges across major therapeutic areas, including infectious diseases and immunology, oncology, and rare diseases.

While we acknowledge the potential of PFE to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than PFE and that has 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 8 Mining Stocks with the Highest Dividends and 10 UK Stocks with the Highest Dividends.

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email below.

Page 5 of 5
1281292 - 11759070 - 1