5 Best Quality Dividend Stocks To Invest In

In this article, we discuss 5 best quality dividend stocks to invest in. If you want to read our detailed analysis of quality dividend companies and their performance over the years, go directly to read 12 Best Quality Dividend Stocks To Invest In.

5. Medtronic plc (NYSE:MDT)

Number of Hedge Fund Holders: 59
Dividend Yield as of February 13: 3.28%

Medtronic plc (NYSE:MDT) is a multinational medical technology company and is one of the world’s largest medical device companies, focusing on the development, manufacturing, and marketing of medical devices and technologies to treat various chronic diseases. In December 2023, the company declared a quarterly dividend of $0.69 per share, which was consistent with its previous dividend. Overall, the company has raised its dividends for 46 consecutive years. The stock has a dividend yield of 3.28%, as of February 13.

At the end of September 2023, 59 hedge funds tracked by Insider Monkey reported having stakes in Medtronic plc (NYSE:MDT), compared with 63 in the previous quarter. These stakes are collectively worth over $2 billion.