5 Best Mid-Cap Dividend Stocks To Buy Now

In this article, we discuss 5 best mid-cap dividend stocks to buy now. If you want to read our detailed analysis of dividend stocks and their performance in the past, go directly to read 12 Best Mid-Cap Dividend Stocks To Buy Now. 

5. Ryder System, Inc. (NYSE:R)

Number of Hedge Fund Holders: 26
Market Cap as of October 26: $4.26 billion

Ryder System, Inc. (NYSE:R) is an American transportation and logistics company that provides various services to businesses and organizations. On October 12, the company declared a quarterly dividend of $0.71 per share, having raised it by 14.5% in July this year. The company has been paying regular dividends to shareholders for 47 consecutive years and also maintains an 18-year streak of consistent dividend growth. With a dividend yield of 3.05%, as of October 26, R is one of the best dividend stocks on our list.

At the end of Q2 2023, 26 hedge funds in Insider Monkey’s database reported having investments in Ryder System, Inc. (NYSE:R), up from 23 a quarter earlier. The stakes owned by these hedge funds have a total value of nearly $550 million.

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.

3. National Fuel Gas Company (NYSE:NFG)

Number of Hedge Fund Holders: 26
Market Cap as of October 26: $4.8 billion

National Fuel Gas Company (NYSE:NFG) is a New York-based diversified energy company that operates in various segments within the energy industry. On September 14, the company announced a quarterly dividend of $0.495 per share, which was consistent with its previous dividend. In 2023, the company stretched its dividend growth streak to 53 years, which makes NFG one of the best dividend stocks on our list. The stock’s dividend yield on October 26 came in at 3.80%.

As of the end of Q2 2023, 26 hedge funds in our database owned stakes in National Fuel Gas Company (NYSE:NFG), the same as in the previous quarter. The overall value of these stakes is over $187.4 million.

2. Eastman Chemical Company (NYSE:EMN)

Number of Hedge Fund Holders: 33
Market Cap as of October 26: $8.1 billion

Eastman Chemical Company (NYSE:EMN) produces specialty plastics, polymers, and other advanced materials used in a variety of applications, including packaging, consumer goods, and automotive components. The company has been raising its dividends for 13 years in a row and currently pays a quarterly dividend of $0.79 per share. As of October 26, the stock has a dividend yield of 4.51%.

At the end of June 2023, 33 hedge funds, up from 28 in the previous quarter, owned stakes in Eastman Chemical Company (NYSE:EMN), as per Insider Monkey’s database. The collective worth of these stakes is roughly $530 million.

1. Williams-Sonoma, Inc. (NYSE:WSM)

Number of Hedge Fund Holders: 33
Market Cap as of October 26: $9.7 billion

Williams-Sonoma, Inc. (NYSE:WSM) tops our list of the best dividend stocks to buy now. The home improvement company pays a quarterly dividend of $0.90 per share and has a dividend yield of 2.50%, as of October 26. Its dividend growth streak currently stands at 14 years.

According to Insider Monkey’s database of Q2 2023, 33 hedge funds held stakes in Williams-Sonoma, Inc. (NYSE:WSM), compared with 34 in the preceding quarter. These stakes are collectively valued at nearly $400 million. Among these hedge funds, Point72 Asset Management was the company’s leading stakeholder in Q2.

You can also take a look at 12 Best Dow Jones Dividend Stocks According to Hedge Funds and Billionaire Ray Dalio’s 15 Best Stock Picks

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