5 Best Long-Term Dividend Stocks with Over 4% Yield

2. Culp, Inc. (NYSE:CULP)

Dividend Yield as of April 4: 5.76%

Number of Years of Consecutive Dividend Increases: 9

Number of Hedge Fund Holders: 8

Culp, Inc. (NYSE:CULP) is an American retailer of mattress and upholstery fabrics. The company was founded in 1972 and is headquartered in High Point, North Carolina. Culp, Inc. (NYSE:CULP)’s dividend yield on April 4 stood at 5.76%, and the company has consistently raised its dividend payouts for 9 years. 

On March 2, Culp, Inc. (NYSE:CULP) declared a $0.115 per share quarterly dividend, in line with previous. The dividend is payable on April 19, to shareholders of record on April 11. Culp, Inc. (NYSE:CULP) also announced a Q4 revenue of $80.29 million, up 1.2% year-over-year. 

According to the fourth quarter database of Insider Monkey, 8 hedge funds placed long bets on Culp, Inc. (NYSE:CULP), with combined stakes worth $17.6 million. Renaissance Technologies held the biggest position in the company, with 844,517 shares valued at more than $8 million.