5 Best Recession Dividend Stocks To Buy

4. Lowe’s Companies, Inc. (NYSE:LOW)

Number of Hedge Fund Holders: 68

Lowe’s Companies, Inc. (NYSE:LOW) is an American retail company, headquartered in North Carolina. The company operates a chain of retail stores across the country. On March 22, the company announced a quarterly dividend of $1.10 per share, which was in line with its previous dividend. It is a Dividend King with 59 consecutive years of dividend growth. In the fourth quarter of 2023, the company paid approximately $633 million to shareholders through dividends, which makes LOW one of the best dividend stocks on our list. The stock has a dividend yield of 1.90%, as recorded on May 6.

The number of hedge funds tracked by Insider Monkey owning stakes in Lowe’s Companies, Inc. (NYSE:LOW) jumped to 68 in Q4 2023, from 63 in the previous quarter. The consolidated value of these stakes is more than $3.7 billion.