5 Best January Dividend Stocks To Buy

2. Caterpillar Inc. (NYSE:CAT)

Ex-Dividend Date: January 19

Caterpillar Inc. (NYSE:CAT) is one of the world’s largest manufacturers of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It is one of the best dividend stocks on our list as the company has been growing its dividends for the past 29 years. It currently offers a quarterly dividend of $1.30 per share and has a dividend yield of 1.83%, as recorded on January 4.

As of the end of the third quarter of 2023, 50 hedge funds tracked by Insider Monkey owned stakes in Caterpillar Inc. (NYSE:CAT), which remained the same as in the previous quarter. The collective value of these stakes is roughly $5 billion. Among these hedge funds, Fisher Asset Management was the company’s leading stakeholder in Q3.

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