5 Best Restaurant Dividend Stocks to Buy

3. Yum! Brands, Inc. (NYSE:YUM)

Number of Hedge Fund Holders: 51

Yum! Brands, Inc. (NYSE:YUM) is next on our list of the best dividend stocks. The company’s primary focus is on the development, operation, and expansion of its portfolio of restaurant brands. It is known for its iconic brands, which include KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill.

Yum! Brands, Inc. (NYSE:YUM) currently pays a quarterly dividend of $0.605 per share, having raised it by 6.1% in February this year. The company has raised its dividends consistently for the past six years in a row. The stock’s dividend yield on July 13 came in at 1.78%.

The number of hedge funds tracked by Insider Monkey owning stakes in Yum! Brands, Inc. (NYSE:YUM) grew to 51 in Q1 2023, from 48 in the previous quarter. These stakes have a consolidated value of over $1.6 billion.