5 Best Dogs of the Dow Stocks Ranked By Hedge Fund Sentiment

In this article, we discuss 5 best Dogs of the Dow ranked by hedge fund sentiment. If you want to read our detailed analysis of the investment strategy and the performance of dividend stocks, go directly to read 11 Best Dogs of the Dow Stocks Ranked By Hedge Fund Sentiment. 

5. Amgen Inc. (NASDAQ:AMGN)

Number of Hedge Fund Holders: 57

Amgen Inc. (NASDAQ:AMGN) is an American biotech company that focuses on the discovery, development, and commercialization of innovative therapies to treat serious and life-threatening diseases. On October 24, the company declared a quarterly dividend of $2.13 per share, which was consistent with its previous dividend. The company has been growing its dividends consistently since 2011, which makes it one of the best dogs of the dow on our list. The stock has a dividend yield of 3.09%, as of October 25.

In the second quarter of 2023, Amgen Inc. (NASDAQ:AMGN) posted revenue of $6.98 billion, up 6% from the same period last year. Its operating cash flow for the quarter jumped to $3.8 billion, from $1.7 billion in the prior year period. The company returned $1.1 billion to shareholders in dividends.

Amgen Inc. (NASDAQ:AMGN) was a part of 57 hedge fund portfolios, as per Insider Monkey’s database of Q2 2023. The collective worth of the stakes owned by these hedge funds is more than $1.56 billion. The leading stakeholder of the company in Q2 was Two Sigma Advisors.