5 Best May Dividend Stocks To Buy

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

In addition to covering topics like best dividend stocks to buy, at Insider Monkey, we scour multiple sources to uncover the next great investment idea. For example, artificial intelligence technology is on the cusp of earth-shattering breakthroughs, so we identified the cheapest AI stock that is trading at less than 5 times its market value excluding cash and investments with the potential to deliver 100x returns. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. You can subscribe to our free daily enewsletter by entering your email address below. Now, let’s take a look at the 5 best May dividend stocks to buy.

5. RTX Corporation (NYSE:RTX)

Ex-Dividend Date: May 16

RTX Corporation (NYSE:RTX) is a Virginia-based aerospace and defense company that also offers services in national security and technological advancements. The company declared a 6.8% hike in its quarterly dividend to $0.63 per share. This was the company’s 30th consecutive year of dividend growth, which makes RTX one of the best dividend stocks on our list. The stock has a dividend yield of 2.33%, as of May 5.

At the end of Q4 2023, 61 hedge funds tracked by Insider Monkey held stakes in RTX Corporation (NYSE:RTX), down from 63 in the previous quarter. These stakes have a total value of nearly $1.4 billion. With nearly 9 million shares, Fisher Asset Management was the company’s leading stakeholder in Q4.

Follow Rtx Corp (NYSE:RTX)

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