In this article, we discuss 5 best November dividend stocks to buy. If you want to read our detailed analysis of dividend stocks and their performance over the past years, go directly to read 11 Best November Dividend Stocks To Buy.
5. The Hershey Company (NYSE:HSY)
Ex-Dividend Date: November 16
The Hershey Company (NYSE:HSY) is an American multinational food and confectionery company that specializes in the production of chocolate, confectionery, and other snack foods. On October 26, the company declared a quarterly dividend of $1.192 per share, which was in line with its previous dividend. It has been rewarding shareholders with growing dividends for the past 14 years. The stock’s dividend yield on October 27 came in at 2.59%.
As of the end of Q2 2023, 43 hedge funds tracked by Insider Monkey reported having stakes in The Hershey Company (NYSE:HSY), compared with 44 in the previous quarter. The overall value of these stakes is over $1.05 billion.
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Follow Hershey Co (NYSE:HSY)
4. Moody’s Corporation (NYSE:MCO)
Ex-Dividend Date: November 23
Moody’s Corporation (NYSE:MCO) is a New York-based financial services company known for its credit ratings, research, and analytics. The company currently offers a quarterly dividend of $0.77 per share and has a dividend yield of 1.02%, as of October 27. It is one of the best dividend stocks on our list as the company has been raising its dividends consistently for the past 13 years.
In the third quarter of 2023, Moody’s Corporation (NYSE:MCO) generated $1.5 billion in revenues, which showed an 18.1% growth from the same period last year. For the first nine months of FY23, the company’s free cash flow came in at over $1.4 billion.
Moody’s Corporation (NYSE:MCO) was a part of 60 hedge fund portfolios at the end of Q2 2023, up from 51 in the previous quarter. The total value of stakes owned by these hedge funds is over $17.1 billion. Warren Buffett’s Berkshire Hathaway was the company’s leading stakeholder in Q2.
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Follow Moodys Corp (NYSE:MCO)
3. Cullen/Frost Bankers, Inc. (NYSE:CFR)
Ex-Dividend Date: November 29
Cullen/Frost Bankers, Inc. (NYSE:CFR) is an American bank holding company. On October 26, the company announced a quarterly dividend of $0.92 per share, growing it by 5.7% in August this year. This was the company’s 30th consecutive year of dividend growth, which makes CFR one of the best dividend stocks on our list. As of October 27, the stock has a dividend yield of 4.20%.
At the end of Q2 2023, 17 hedge funds in Insider Monkey’s database reported having stakes in Cullen/Frost Bankers, Inc. (NYSE:CFR), down from 23 in the previous quarter. The consolidated value of these stakes is roughly $252 million.
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Follow Cullenost Bankers Inc. (NYSE:CFR)
2. McKesson Corporation (NYSE:MCK)
Ex-Dividend Date: November 30
McKesson Corporation (NYSE:MCK) is an American healthcare company, headquartered in Texas. The company plays a crucial role in the healthcare industry by providing a wide range of products and services to healthcare providers, pharmacies, hospitals, and other healthcare organizations.
McKesson Corporation (NYSE:MCK), one of the best dividend stocks on our list, currently pays a quarterly dividend of $0.62 per share. The company has been raising its dividends consistently for the past seven years. Its dividend yield on October 27 came in at 0.55%.
As per Insider Monkey’s database of Q2 2023, 60 hedge funds owned stakes in McKesson Corporation (NYSE:MCK), with a value of over $3.1 billion in total.
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Follow Mckesson Corp (NYSE:MCK)
1. Polaris Inc. (NYSE:PII)
Ex-Dividend Date: November 30
Polaris Inc. (NYSE:PII) tops our list of the best dividend stocks to buy in November. The automotive industry company has been growing its dividends for 28 years and currently offers a quarterly dividend of $0.65 per share. As of October 27, the stock has a dividend yield of 3.02%.
The number of hedge funds owning stakes in Polaris Inc. (NYSE:PII) stood at 21 in Q2 2023, up from 20 in the previous quarter, as per Insider Monkey’s database. The total value of stakes owned by these hedge funds is nearly $200 million.
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Follow Polaris Inc. (NYSE:PII)
You can also take a look at 12 Best Telecom Stocks To Buy Right Now and Dividend Capture Strategy: 10 High Yield Stocks To Buy in November
