5 Best DRIP Stocks To Own

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In this article, we discuss 5 best DRIP stocks to own. If you want to read our detailed analysis of the dividend reinvestment plan and the overall performance of dividend stocks, go directly to read 13 Best DRIP Stocks To Own

5. AbbVie Inc. (NYSE:ABBV)

Number of Hedge Fund Holders: 74

AbbVie Inc. (NYSE:ABBV) is an American pharmaceutical company that focuses on the development and commercialization of a diverse range of healthcare products. On October 27, the company declared a 4.7% hike in its quarterly dividend to $1.55 per share. This was the company’s 51st consecutive year of dividend growth, which makes ABBV one of the best DRIP stocks to own. As of November 9, the stock has a dividend yield of 4.37%.

As of the end of Q2 2023, 74 hedge funds tracked by Insider Monkey owned stakes in AbbVie Inc. (NYSE:ABBV), down slightly from 75 in the preceding quarter. These stakes have a total worth of over $2.3 billion.

Follow Abbvie Inc. (NYSE:ABBV)

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