5 Best Stocks for Dividends

In this article, we discuss the 5 best stocks for dividends. If you want to read our detailed analysis of these stocks, go directly to the 10 Best Stocks for Dividends.

5. Realty Income Corporation (NYSE:O)

Number of Hedge Fund Holders: 23

Dividend Yield: 4.16%

Realty Income Corporation (NYSE:O) ranks fifth on the list of 10 best stocks for dividends. The company is one of the greatest dividend-paying REITs because it pays its shareholders monthly and has increased its dividend payout for the past 26 years. Realty Income Corporation (NYSE:O) pays an annual dividend of $2.83 per share. As of June 30, 2021, the San Diego-based REIT had a portfolio of 6,761 real estate properties throughout the United States, the United Kingdom, and Puerto Rico.

On August 24, Mizuho analyst Haendel St. Juste maintained a Buy rating on Realty Income Corporation (NYSE:O) and increased his price target for the stock to $81 from $77, noting that the company’s framework is well-positioned for growth.

The company has a market cap of $26.6 billion. In the second quarter of 2021, Realty Income Corporation (NYSE:O) reported funds from operations (FFO) of $0.88 per share, beating estimates by $0.01. The company’s revenue in the second quarter came in at $464.3 million, an increase of 12% year over year, and beat revenue estimates by $31.1 million. 

At the end of the second quarter of 2021, 23 hedge funds in the database of Insider Monkey held stakes worth $221 million in Realty Income Corporation (NYSE:O), up from 18 in the previous quarter worth $183 million.