5 Best Food Dividend Stocks To Buy Now

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In this article, we discuss 5 best food dividend stocks to buy now. If you want to read our detailed analysis of the food industry and its previous performance, go directly to read 13 Best Food Dividend Stocks To Buy Now

5. The Hershey Company (NYSE:HSY)

Number of Hedge Fund Holders: 42

The Hershey Company (NYSE:HSY) is a prominent global confectionery manufacturer known for its chocolates, candies, and other sweet treats. The company currently pays a quarterly dividend of $1.192 per share, having raised it by 15% in July this year. This was the company’s 14th consecutive year of dividend growth, which makes HSY one of the best dividend stocks from the food sector. The stock has a dividend yield of 2.53%, as of November 27.

At the end of Q3 2023, 42 hedge funds tracked by Insider Monkey reported having stakes in The Hershey Company (NYSE:HSY), compared with 43 in the preceding quarter. The total value of these stakes is roughly $760 million. Among these hedge funds, Alyeska Investment Group was the company’s leading stakeholder in Q3.

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