5 Best Performing Dividend Stocks in 2023

In this article, we discuss 5 best-performing dividend stocks in 2023. If you want to read our detailed analysis of dividend stocks and their performance in the past, go directly to read 12 Best Performing Dividend Stocks in 2023. 

5. West Pharmaceutical Services, Inc. (NYSE:WST)

Year-to-Date Returns as of October 27: 39.6%
Number of Hedge Fund Holders: 39

West Pharmaceutical Services, Inc. (NYSE:WST) develops and manufactures a variety of packaging solutions for pharmaceutical and biotechnology companies. On October 26, the company declared a 5.3% growth in its quarterly dividend to $0.20 per share. This marked the company’s 31st consecutive year of dividend growth. The stock has a dividend yield of 0.25%, as of October 27.

At the end of Q2 2023, 39 hedge funds tracked by Insider Monkey reported having stakes in West Pharmaceutical Services, Inc. (NYSE:WST), up from 37 in the previous quarter. The consolidated value of these stakes is over $1.48 billion. Among these hedge funds, Durable Capital Partners was the company’s leading stakeholder in Q2.