5 Best Dow Jones Dividend Stocks According to Hedge Funds

In this article, we discuss 5 best Dow Jones dividend stocks 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 11 Best Dow Jones Dividend Stocks According to Hedge Funds. 

5. JPMorgan Chase & Co. (NYSE:JPM)

Number of Hedge Fund Holders: 100

JPMorgan Chase & Co. (NYSE:JPM) is an American multinational financial services company that has operations worldwide. On March 22, the company declared a quarterly dividend of $1.00 per share, which was in line with its previous dividend. The stock’s dividend yield on March 29 came in at 3.01%.

In the fourth quarter, JPMorgan Chase & Co. (NYSE:JPM) posted revenue of $34.5 billion, which showed an 18% growth from the same period last year. The company distributed nearly $3 billion to shareholders in dividends during the quarter, which makes it one of the best dividend stocks on our list.

At the end of Q4 2022, 100 hedge funds tracked by Insider Monkey reported having stakes in JPMorgan Chase & Co. (NYSE:JPM), compared with 110 in the previous quarter. These stakes have a collective value of over $5.1 billion. Citadel Investment Group was the company’s largest stakeholder in Q4.