5 Best Halal Dividend Stocks To Buy

In this article, we discuss 5 best halal dividend stocks to buy. If you want to read our detailed analysis of dividend stocks and their performance, go directly to read 10 Best Halal Dividend Stocks To Buy. 

5. Kimberly-Clark Corporation (NYSE:KMB)

Dividend Yield as of December 7: 3.39%

Kimberly-Clark Corporation (NYSE:KMB) is a Texas-based multinational manufacturing company that specializes in paper-based consumer products. In the third quarter of 2022, the company reported an operating cash flow of $798 million, compared with $782 million in the prior-year quarter. It returned $392 million to shareholders in dividends during the quarter, which places it as one of the best dividend stocks on our list.

On November 17, Kimberly-Clark Corporation (NYSE:KMB) announced a quarterly dividend of $1.16 per share, which fell in line with its previous dividend. The company has been making consistent dividend payments to shareholders for the past 88 years while maintaining a 50-year streak of dividend growth. The stock’s dividend yield on December 7 came in at 3.39%.

The number of hedge funds tracked by Insider Monkey owning stakes in Kimberly-Clark Corporation (NYSE:KMB) jumped to 34 in Q3 2022, from 24 in the previous quarter. These stakes have a total value of nearly $680 million. With over 1 million shares, Two Sigma Advisors was the company’s leading stakeholder in Q3.