5 Boring Stocks That Pay Dividends

4. Air Products and Chemicals, Inc. (NYSE:APD)

Number of Hedge Fund Holders: 41

Chemical company Air Products and Chemicals, Inc. (NYSE:APD) upped its dividend in January 2023. This was the 41st consecutive year Air Products and Chemicals, Inc. (NYSE:APD) has increased its dividend. In January, Goldman Sachs equity strategy team added Air Products and Chemicals, Inc. (NYSE:APD) in its list of stocks that are poised to benefit from the China reopening.

Insider Monkey’s proprietary database of 943 hedge funds shows that 41 hedge funds had stakes in Air Products and Chemicals, Inc. (NYSE:APD). The total value of these stakes was $508 million. The biggest stakeholder of Air Products and Chemicals, Inc. (NYSE:APD) was Phill Gross and Robert Atchinson’s Adage Capital Management which owns a $70 million stake in the company.