5 Best ESG Dividend Stocks to Buy According to Al Gore

In this article, we discuss 5 best ESG dividend stocks to buy according to Al Gore. If you want to read our detailed analysis of Al Gore’s sustainable investing and current scenarios, go directly to read 11 Best ESG Dividend Stocks to Buy According to Al Gore. 

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

Generation Investment Management’s Stake Value: $649,049,000

Analog Devices, Inc. (NASDAQ:ADI) is an American semiconductor manufacturing company that specializes in data conversion, signal processing, and power management technology. The company uses ESG-centric principles in its functions and is using flexible manufacturing environments.

Generation Investment Management started investing in Analog Devices, Inc. (NASDAQ:ADI) during the second quarter of 2018, purchasing shares worth roughly $400 million. In Q2 2022, the hedge fund boosted its position in the company by 81% which takes its total ADI stake to roughly $650 million. The company represented 3.53% of the firm’s 13F portfolio.

On August 26, Analog Devices, Inc. (NASDAQ:ADI) declared a quarterly dividend of $0.76 per share and has a dividend yield of 2.13%, as of October 28. The company has been raising its dividends consistently for the past 18 years.

In October, Cowen initiated its coverage on Analog Devices, Inc. (NASDAQ:ADI) with an Outperform rating and a $180 price target. The firm mentioned that the company is well-positioned to sustain strong dividend growth and a material repurchase program throughout this economic cycle.

At the end of Q2 2022, 61 hedge funds tracked by Insider Monkey owned stakes in Analog Devices, Inc. (NASDAQ:ADI), compared with 67 in the previous quarter. These stakes have a collective value of over $4.2 billion. Egerton Capital Limited was the company’s leading stakeholder in Q2.