5 Best Performing Dividend Stocks To Invest In Now

3. Garmin Ltd. (NYSE:GRMN)

12-Month Returns as of February 26: 36.7%

With a 12-month return of 36.7%, Garmin Ltd. (NYSE:GRMN) is next on our list of the best performing stocks that pay dividends. The multinational tech company declared a 3% hike in its quarterly dividend on February 23 to $0.75 per share. The stock offers a dividend yield of 2.17%, as of February 26.

Garmin Ltd. (NYSE:GRMN) was a part of 27 hedge fund portfolios at the end of Q4 2023, up from 22 in the preceding quarter, as per Insider Monkey’s database. The stakes owned by these hedge funds have a collective value of over $555 million.

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