5 Best Safe Dividend Stocks For 2024

3. Walmart Inc. (NYSE:WMT)

Number of Hedge Fund Holders: 80
Payout Ratio: 34.61%

Walmart Inc. (NYSE:WMT) is one of the world’s largest retail corporations, operating a chain of hypermarkets, discount department stores, and grocery stores. The company is a Dividend King with 50 consecutive years of dividend growth under its belt. It currently pays a quarterly dividend of $0.57 per share for a dividend yield of 1.46%, as of December 5.

As of the end of Q3 2023, 80 hedge funds in Insider Monkey’s database owned stakes in Walmart Inc. (NYSE:WMT), compared with 81 in the previous quarter. The consolidated value of these stakes is nearly $6 billion.

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