5 Best Environmental Dividend Stocks To Buy According To Al Gore

4. Analog Devices, Inc. (NASDAQ:ADI)

Number of Hedge Fund Holders: 75
Generation Investment Management’s Stake Value: $838,396,699

Analog Devices, Inc. (NASDAQ:ADI) is an American semiconductor manufacturing company that also specializes in power management technology. On February 14, the company declared a 13% hike in its quarterly dividend to $0.86 per share. This was the company’s 20th dividend increase in the last 19 years. The stock has a dividend yield of 1.82%, as of April 15.

During the fourth quarter of 2022, Generation Investment Management boosted its position in Analog Devices, Inc. (NASDAQ:ADI) by 3%, ending the period with stakes worth nearly $838.4 million. The company represented 4.84% of Al Gore’s portfolio.

The number of hedge funds tracked by Insider Monkey owning stakes in Analog Devices, Inc. (NASDAQ:ADI) grew to 75, from 66 a quarter earlier. These stakes have a collective value of roughly $5 billion.

Giverny Capital mentioned Analog Devices, Inc. (NASDAQ:ADI) in its Q4 2022 investor letter. Here is what the firm has to say:

“Ashtead Group and Analog Devices, Inc. (NASDAQ:ADI) were new purchases, made in May. They both performed well from our original purchase prices and I believe we upgraded the quality of our portfolio by adding them.

We established four new positions during the year, each of about 2%: Analog Devices, Ashtead Group, Floor & Décor, and Installed Building Products. We discussed these in prior letters and I’m pleased to report that Ashtead and Analog were among our best performing positions for the year.”