5 Best Performing Dividend Stocks in 2023

3. Eli Lilly and Company (NYSE:LLY)

Year-to-Date Returns as of October 27: 55.6%
Number of Hedge Fund Holders: 87

An American pharmaceutical company, Eli Lilly and Company (NYSE:LLY) is next on our list of the best-performing stocks this year. The stock’s year-to-date returns came in at 55.6% while it generated a 59.07% return in the past 12 months. The company has been paying regular dividends to shareholders for the past 138 years. It offers a quarterly dividend of $1.13 per share and has a dividend yield of 0.80%, as of October 27.

Insider Monkey’s Q2 2023 database indicated that 87 hedge funds owned stakes in Eli Lilly and Company (NYSE:LLY), growing from 72 in the previous quarter. These stakes are collectively worth over $5 billion.