5 Best ESG Dividend Stocks to Buy According to Hedge Funds

In this article, we discussed 5 best ESG dividend stocks according to hedge funds. If you want to read our detailed analysis of ESG investing and its prospects, go directly to read 12 Best ESG Dividend Stocks to Buy According to Hedge Funds. 

5. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 131

An American tech company, Apple Inc. (NASDAQ:AAPL) declared a quarterly dividend of $0.24 per share on February 1, which was in line with its previous dividend. The company has been growing its dividends consistently for the past 11 years. AAPL is one of the best ESG dividend stocks as the company works to ensure that its suppliers adhere to high standards of environmental responsibility, labor rights, and ethical business practices. The stock’s dividend yield on February 28 came in at 0.53%.

At the end of Q4 2023, 131 hedge funds in Insider Monkey’s database reported having stakes in Apple Inc. (NASDAQ:AAPL), compared with 134 in the previous quarter. The collective value of these stakes is over $205.8 billion.

4. Mastercard Incorporated (NYSE:MA)

Number of Hedge Fund Holders: 141

Mastercard Incorporated (NYSE:MA) is committed to environmental sustainability as the company is promoting financial inclusion and expanding access to financial services for underserved populations worldwide. The global financial tech company has been growing its dividends for the past 11 years and offers a quarterly dividend of $0.66 per share. With a dividend yield of 0.56% as of February 28, MA is one of the best dividend stocks on our list.

As of the end of the fourth quarter of 2023, 141 hedge funds in Insider Monkey’s database reported holding stakes in Mastercard Incorporated (NYSE:MA), up from 140 in the previous quarter. These stakes are collectively valued at over $16.8 billion. Among these hedge funds, Akre Capital Management was the company’s leading stakeholder in Q4.

3. Visa Inc. (NYSE:V)

Number of Hedge Fund Holders: 162

Visa Inc. (NYSE:V) is next on our list of the best ESG dividend stocks to buy. The credit card company upholds high standards of corporate governance, transparency, and ethical conduct. It offers a quarterly dividend of $0.52 per share and has a dividend yield of 0.74%, as of February 28. The company has been rewarding shareholders with growing dividends for the past 15 consecutive years.

According to Insider Monkey’s database of Q4 2023, 162 hedge funds owned stakes in Visa Inc. (NYSE:V), compared with 167 in the previous quarter. The consolidated value of these stakes is over $26.5 billion.

2. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 173

An American leading tech company, NVIDIA Corporation (NASDAQ:NVDA) aims to procure or generate adequate renewable energy to offset 100% of its total global electricity consumption. On February 22, the company announced a quarterly dividend of $0.04 per share, which was consistent with its previous dividend. The stock has a dividend yield of 0.02%, as recorded on February 28.

Of the 933 hedge funds tracked by Insider Monkey at the end of Q4 2023, 173 hedge funds owned stakes in NVIDIA Corporation (NASDAQ:NVDA), compared with 180 in the preceding quarter. The collective value of these stakes is over $33.7 billion.

1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 302

Microsoft Corporation (NASDAQ:MSFT) tops our list of the best ESG dividend stocks as the company is creating a platform to source and identify sustainable finance data. It will utilize cloud technology to search for and identify assets efficiently. The company has raised its dividends for 17 years in a row and currently pays a quarterly dividend of $0.75 per share. The stock’s dividend yield on February 28 came in at 0.74%.

As of the end of Q4 2023, 302 hedge funds tracked by Insider Monkey reported having stakes in Microsoft Corporation (NASDAQ:MSFT), compared with 306 in the previous quarter. The overall value of these stakes is over $87.3 billion.

You can also take a look at 16 Best Financial Stocks To Buy According to Hedge Funds and 14 Best Software Stocks To Buy According To Hedge Funds