In this article, we will take a look at the 5 Best NYSE Stocks to Buy for Dividends. For a deeper discussion and analysis, please refer to the 12 Best NYSE Stocks to Buy for Dividends.
5. Novo Nordisk A/S (NYSE:NVO)
Number of Hedge Fund Holders: 55
Dividend Yield as of June 28: 3.75%
Novo Nordisk A/S (NYSE:NVO) is a leading global healthcare company, founded in 1923 and headquartered in Denmark.
On June 19, Nordea upgraded Novo Nordisk A/S (NYSE:NVO) from ‘Hold’ to ‘Buy’ and assigned the stock a price target of DKK 350, implying an upside of 10% from the current levels.
The analyst firm expects the near-term news flow to be favorable for the pharma company. Nordea also believes that the sales of Novo’s Wegovy pill could exceed market expectations, further supporting its bullish sentiment.
Notably, on June 11, Novo Nordisk’s Wegovy pill became the first daily GLP-1 weight-loss pill approved in the UK. This paves the way for the Danish pharma giant to launch the drug in the second market outside the US this year, after the UAE regulator, Emirates Drug Establishment, already approved it earlier this month.
Novo has previously revealed plans to launch the product in select markets in the second half of 2026.
4. Ares Management Corporation (NYSE:ARES)
Number of Hedge Fund Holders: 56
Dividend Yield as of June 28: 4.95%
Ares Management Corporation (NYSE:ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, private equity, real estate, and infrastructure asset classes.
On June 23, TD Cowen raised its price target on Ares Management Corporation (NYSE:ARES) from $144 to $153, while reiterating a ‘Buy’ rating on the shares. The target boost reflects an upside of over 40% from the current levels.
TD Cowen updated its model after meetings with the company’s management and revised its earnings and valuation framework to account for the treatment of X-Energy.
Ares Management Corporation (NYSE:ARES) delivered weaker-than-expected earnings in the first quarter. However, its assets under management growth exceeded estimates, and its credit quality remains healthy, reinforcing confidence in the durability of the company’s investment portfolio and earnings power. Moreover, the firm remains on track for another record year of fundraising, as it raised $30 billion of gross capital in Q1.
Ares remains confident to deliver on its longer-term goals of generating compound annual growth of 16% to 20% in FRE, 20% to 25% in realized income, and 20% in dividends.
3. American Tower Corporation (NYSE:AMT)
Number of Hedge Fund Holders: 69
Dividend Yield as of June 28: 3.98%
American Tower Corporation (NYSE:AMT) is a Fortune 500, S&P 500, and Forbes Global 2000 company that provides the infrastructure for modern digital communications.
On June 26, RBC Capital upgraded American Tower Corporation (NYSE:AMT) from ‘Sector Perform’ to ‘Outperform’ and also raised its price target on the stock from $195 to $205, indicating an upside of almost 17% from the current levels.
American Tower Corporation (NYSE:AMT) raised its guidance for full-year 2026 after beating top-line and bottom-line estimates in its first quarter, supported by the robust leasing demand from telecom firms, expanding mobile data consumption, and cloud adoption.
American Tower Corporation (NYSE:AMT) is now expecting total property revenue of between $10.59 billion and $10.74 billion for full-year 2026, up from its prior forecast of $10.44 billion to $10.59 billion. Additionally, the company is now targeting adjusted funds from operations (AFFO) per share attributable to its common stockholders in the range of $10.90 to $11.07, up from its prior guidance of $10.78 to $10.95.
2. NIKE, Inc. (NYSE:NKE)
Number of Hedge Fund Holders: 71
Dividend Yield as of June 28: 4.02%
NIKE, Inc. (NYSE:NKE) is engaged in the designing, marketing, and distribution of athletic footwear, apparel, equipment, and accessories and services for sports and fitness activities.
On June 25, BTIG lowered its price estimate on NIKE, Inc. (NYSE:NKE) from $75 to $55, but reaffirmed a ‘Buy’ rating on the shares. The revised target still implies an upside of 35% from the current share price and comes ahead of the company’s Q4 2026 report on June 30.
According to BTIG, investors will likely continue their focus on the progress of Nike’s turnaround efforts, especially in the Greater China region, as well as the sustainability of recent improvements in North America. The analyst firm expects Greater China revenue to fall by 20% in the fourth quarter, driven by the deliberate reductions in sell-in and accelerated marketplace cleanup initiatives. The analyst also noted that Nike’s challenges in the region are well recognized and will take time to resolve.
Similarly, earlier on June 10, RBC Capital analyst Piral Dadhania also reduced the firm’s price objective on (NYSE:NKE) by $20, in addition to downgrading the stock from ‘Outperform’ to ‘Sector Perform’ (read more details here).
1. Chevron Corporation (NYSE:CVX)
Number of Hedge Fund Holders: 103
Dividend Yield as of June 28: 4.16%
Topping our list of the Best Dividend Stocks on NYSE is Chevron Corporation (NYSE:CVX). The company manufactures and sells a range of high-quality refined products, including gasoline, diesel, marine and aviation fuels, premium base oil, finished lubricants, and fuel oil additives.
Chevron Corporation (NYSE:CVX)’s low-cost and long-lived global assets, strong track record of dividend growth, and high yield make it an attractive option for any dividend portfolio. The oil and gas major has grown its payouts for 39 consecutive years, granting it the coveted title of a Dividend Aristocrat.
Chevron has been able to maintain its strong commitment to shareholders even through multiple commodity downturns, since its business has been designed to comfortably cover its dividend even at crude prices of below $50 per barrel. The company intends to lower its breakeven point even further and remains on track to deliver its $3 to $4 billion structural cost reduction target by the end of 2026.
Chevron’s access to the vast and low-cost assets in Guyana through its recent acquisition of Hess, and its dominant position as the largest foreign oil producer in Venezuela, further add to its appeal. Moreover, the energy giant has also now jumped on the data center bandwagon after it recently signed a long-term deal with Microsoft to provide natural-gas-fired power for a proposed data center campus in West Texas.
While we acknowledge the potential of CVX to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CVX and that has 100x upside potential, check out our report about the cheapest AI stock.
READ NEXT: 12 Best NASDAQ Stocks to Buy for Dividends and 12 Best S&P 500 Stocks to Buy for Dividends
Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.
