5 Best S&P 500 Dividend Stocks To Buy

3. Mastercard Incorporated (NYSE:MA)

Number of Hedge Fund Holders: 140

Mastercard Incorporated (NYSE:MA) is a global financial technology company that operates a worldwide payment processing network. On December 5, the company declared a 15.8% hike in its quarterly dividend at $0.66 per share. Through this increase, the company stretched its dividend growth streak to 11 years, which places MA as one of the best dividend stocks on our list. As of December 6, the stock has a dividend yield of 0.56%.

As of the end of Q3 2023, 140 hedge funds tracked by Insider Monkey owned investments in Mastercard Incorporated (NYSE:MA), up from 139 in the preceding quarter. The overall value of these stakes is more than $15.2 billion. Among these hedge funds, Akre Capital Management was the company’s leading stakeholder in Q3.

Follow Mastercard Inc (NYSE:MA)