5 Best S&P 500 Dividend Stocks To Buy

2. Visa Inc. (NYSE:V)

Number of Hedge Fund Holders: 165

Visa Inc. (NYSE:V) is an American multinational financial services and credit card company, based in California. In fiscal Q4 2022, the company reported revenue of $7.8 billion, which showed a 19% growth from the same period last year. During the quarter, it returned nearly $3 billion to shareholders in dividends. The company is among the best S&P 500 dividend stocks on our list.

Visa Inc. (NYSE:V) has been raising its dividends consistently for the past 16 years. It currently offers a per-share dividend of $0.45 every quarter and has a dividend yield of 0.80%, as recorded on January 24.

Due to its strong performance last year and positive outlook for FY23, Visa Inc. (NYSE:V) gained positive analyst ratings this month. Both Truist and Baird raised their price targets on the stock in January to $260 and $270, respectively.

At the end of Q3 2022, 165 hedge funds in Insider Monkey’s database owned stakes in Visa Inc. (NYSE:V), compared with 166 in the previous quarter. These stakes are worth over $22.4 billion collectively. TCI Fund Management was the company’s leading stakeholder in Q3.

Wedgewood Partners mentioned Visa Inc. (NYSE:V) in its Q4 2022 investor letter. Here is what the firm has to say:

“Visa rebounded as the Company continued to report strong growth, while concerns about potential adverse legislation related to its credit card routing practices receded as U.S. legislators failed to take action. Although Visa is not totally free from legislative risk, the Company’s value proposition to merchants as well as bank issuing customers and acquirers is robust enough to help blunt the potential effects any future legislation might portend. Over a multi-year time horizon, it would be difficult for any currently nonexistent or even subscale credit routing network to add the value that Visa (or MasterCard) can already add today, legislative fiat notwithstanding. “