5 Best Halal Dividend Stocks To Buy

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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 previous performance, go directly to read 11 Best Halal Dividend Stocks To Buy.

5. Medtronic plc (NYSE:MDT)

Number of Hedge Fund Holders: 59

Medtronic plc (NYSE:MDT) is an American multinational medical technology company that develops and manufactures medical devices and therapies to improve patient outcomes in various healthcare areas. The company pays a quarterly dividend of $0.69 per share and has a dividend yield of 3.49%, as of November 25. It is one of the best halal stocks on our list as the company has been growing its dividends for 46 years running.

At the end of Q3 2023, 59 hedge funds tracked by Insider Monkey reported having stakes in Medtronic plc (NYSE:MDT), down from 63 in the previous quarter. The consolidated value of these stakes is more than $2.07 billion. Among these hedge funds, First Eagle Investment Management was the company’s leading stakeholder in Q3.

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