5 Blue Chip Stocks with Dividends

In this article, we discuss the 5 blue-chip stocks with dividends. If you want to read our comprehensive analysis of the blue-chip stocks that pay dividends, go directly to 10 Blue Chip Stocks with Dividends.

5. The Procter & Gamble Company (NYSE:PG)

Number of Hedge Fund Holders: 67

Dividend Yield (as of March 21): 2.31%

The Procter & Gamble Company (NYSE:PG) is a blue-chip stock that has been paying and growing its dividend yield to shareholders for 65 years in a row and offers a 2.31% yield as of March 21. The firm provides a range of consumer products, including personal, healthcare, beauty, and feminine products.

In March, Deutsche Bank analyst Steve Powers maintained a ‘Buy’ rating on The Procter & Gamble Company (NYSE:PG) shares and set a price target of $173, down from $179. Morgan Stanley analyst Dara Mohsenian in January maintained an ‘Overweight’ rating on The Procter & Gamble Company (NYSE:PG) stock and increased the price target to $177 from $161. Mohsenian sees P&G as the leading name in the Household Products segment and forecasts sustained revenue growth for the company.

Out of all the hedge funds tracked by Insider Monkey in the fourth quarter, 67 held stakes in The Procter & Gamble Company (NYSE:PG) with a combined value of $6.61 billion. Of these 67, GQG Partners was the largest shareholder of The Procter & Gamble Company (NYSE:PG), with 7.53 million shares worth $1.23 billion.

The Procter & Gamble Company (NYSE:PG) posted an EPS of $1.66 in the fourth quarter, which came in above estimates by $0.01. Revenue for Q4 2021 was recorded at $20.95 billion, showing an increase of 6.12% year-over-year and beating analysts’ estimates by $617.36 million.