5 Best January Dividend Stocks to Buy

4. Lowe’s Companies, Inc. (NYSE:LOW)

Number of Hedge Fund Holders: 61

Dividend Yield as of 2/3: 1.94%

Lowe’s Companies, Inc. (NYSE:LOW) is one of the leading home improvement retailers with a dividend yield of 1.94% as of 2/3. Given earnings growth over time, the company has raised its annual dividend for 49 consecutive years. Considering management has had excess capital in addition to its dividend, Lowe’s Companies, Inc. (NYSE:LOW)’s board of directors authorized a new $15 billion stock repurchase program in December of 2022. 61 hedge funds in our database owned shares of Lowe’s Companies, Inc. (NYSE:LOW) at the end of Q3, ranking the stock #4 on our list of 10 Best January Dividend Stocks to Buy.