5 Best July Dividend Stocks To Buy

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

5. General Electric Company (NYSE:GE)

Ex-Dividend Date: July 10

General Electric Company (NYSE:GE) is a multinational conglomerate that operates across several sectors, including aviation, power, healthcare, renewable energy, and more. The company currently pays a quarterly dividend of $0.08 per share and has a dividend yield of 0.30%, as of July 3. The stock will be going ex-dividend on July 10.

In the first quarter of 2023, General Electric Company (NYSE:GE) reported revenue of $14.5 billion, which showed a 14.4% growth from the same period last year. The company’s cash generation remained strong with an operating cash flow of $155 million and a free cash flow of $102 million.

At the end of the March quarter, 59 hedge funds tracked by Insider Monkey owned stakes in General Electric Company (NYSE:GE), consistent with the previous quarter. These stakes are collectively valued at over $7.6 billion. With over 26 million shares, TCI Fund Management was the company’s leading stakeholder in Q1.