5 Best January Dividend Stocks To Buy

4. Pentair plc (NYSE:PNR)

Ex-Dividend Date: January 18

Pentair plc (NYSE:PNR) operates as a diversified industrial manufacturing company. They mainly specialize in water treatment and fluid handling solutions. On December 11, the company hiked its quarterly dividend by 5% to $0.23 per share. This marked the company’s 48th consecutive year of dividend growth, which places PNR as one of the best dividend stocks on our list. As of January 4, the stock has a dividend yield of 1.35%.

At the end of September 2023, 36 hedge funds tracked by Insider Monkey reported owning stakes in Pentair plc (NYSE:PNR), growing from 33 in the previous quarter. The consolidated value of these stakes is over $1.57 billion. With roughly 10 million shares, Impax Asset Management was the company’s leading stakeholder in Q3.

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