5 Best Mid-Cap Dividend Stocks To Buy Now

4. Sonoco Products Company (NYSE:SON)

Number of Hedge Fund Holders: 26
Market Cap as of October 26: $4.94 billion

Sonoco Products Company (NYSE:SON) is a diversified global packaging company that specializes in various packaging and industrial products and services. It is one of the best dividend stocks on our list with 40 consecutive years of dividend growth under its belt. The company pays a quarterly dividend of $0.51 per share for a dividend yield of 4.01%, as recorded on October 26.

The number of hedge funds tracked by Insider Monkey owning stakes in Sonoco Products Company (NYSE:SON) jumped to 26 in Q2 2023, from 18 in the previous quarter. The collective worth of stakes owned by these hedge funds is over $118.4 million. With over 1 million shares, Impax Asset Management was the company’s leading stakeholder.

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