5 Companies that Just Started Paying Dividends

4. Noble Corporation plc (NYSE:NE)

Number of Hedge Fund Holders: 48

Noble Corporation plc (NYSE:NE) is a London-based company that operates in the offshore drilling industry. The company is generally engaged in the provision of contract drilling services for the oil and gas industry. In 2016, the company ceased its quarterly dividend payments for liquidity preservation and resumed its dividend policy in July 2023. It currently offers a quarterly dividend of $0.40 per share, having raised it by 33.3% in November 2023. The stock has a dividend yield of 3.69%, as of February 5.

Noble Corporation plc (NYSE:NE) ended the third quarter with 48 hedge fund positions, up from 41 in the previous quarter, according to Insider Monkey’s database of Q3 2023. The stakes owned by these hedge funds have a collective value of over $1.06 billion.