5 Best Dividend Stocks Yielding at Least 7% According to Hedge Funds

In this article, we discuss 5 best dividend stocks yielding at least 7% according to hedge funds. If you want to read our detailed analysis of dividend stocks and their performance over the years, go directly to read 10 Best Dividend Stocks Yielding at Least 7% According to Hedge Funds. 

5. Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Number of Hedge Fund Holders: 34
Dividend Yield as of August 19: 7.23%

Walgreens Boots Alliance, Inc. (NASDAQ:WBA) is a multinational pharmaceutical and retail company. It operates a chain of pharmacies and retail stores, providing prescription medications, over-the-counter drugs, health and beauty products, and other general merchandise.

Walgreens Boots Alliance, Inc. (NASDAQ:WBA) has a strong dividend history as it has paid uninterrupted dividends to shareholders for 89 years. It also maintains a 47-year streak of consistently raising its dividends. The company currently pays a quarterly dividend of $0.48 per share and has a dividend yield of 7.23%, as of August 20.

At the end of Q2 2023, 34 hedge funds in Insider Monkey’s database owned investments in Walgreens Boots Alliance, Inc. (NASDAQ:WBA), compared with 39 in the previous quarter. The collective value of these stakes is over $440.8 million.