5 Best May Dividend Stocks To Buy

4. Aflac Incorporated (NYSE:AFL)

Ex-Dividend Date: May 16
Dividend Yield as of April 27: 2.42%

Aflac Incorporated (NYSE:AFL) is a Georgia-based insurance company that offers related services to its consumers. The stock will be going ex-dividend on May 16. It currently pays a quarterly dividend of $0.42 per share and has a dividend yield of 2.42%, as of April 27. It is one of the best dividend stocks on our list as it maintains a 41-year streak of consistent dividend growth.

Wells Fargo maintained an Equal Weight rating on Aflac Incorporated (NYSE:AFL) in April with a $73 price target. The firm gave a positive stance on the company’s performance this year.

As per Insider Monkey’s database for Q4 2022, 32 hedge funds owned stakes in Aflac Incorporated (NYSE:AFL), compared with 34 in the previous quarter. These stakes have a consolidated value of over $620.5 million.

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