5 Best Mid-Cap Dividend Aristocrats To Buy

4. Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Number of Hedge Fund Holders: 25

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) is an Ohio-based manufacturing company that specializes in the design, manufacture, and sale of welding equipment and consumables. The company currently offers a quarterly dividend of $0.71 per share, raising it by 10.9% in October 2023. Through this increase, it stretched its dividend growth streak to 28 years, which makes LECO one of the best dividend stocks in the mid-cap space. The stock’s dividend yield on March 10 came in at 1.12%.

As of the end of Q4 2023, 25 hedge funds tracked by Insider Monkey had stakes in Lincoln Electric Holdings, Inc. (NASDAQ:LECO), compared with 29 in the preceding quarter. These stakes have a total value of roughly $340 million. Among these hedge funds, Fisher Asset Management was the company’s leading stakeholder in Q4.

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