5 Defensive Healthcare Dividend Stocks To Invest In

4. Cigna Corporation (NYSE:CI)

Number of Hedge Fund Holders: 74

Cigna Corporation (NYSE:CI) is a global health services company that operates in the healthcare and insurance industries. In the second quarter of 2023, the company reported revenue of $48.6 billion, which showed a 6.8% growth from the same period last year. For FY23, it expects to generate over $9.5 billion in operating cash flows.

Cigna Corporation (NYSE:CI), one of the best dividend stocks on our list, currently pays a quarterly dividend of $1.23 per share. The company has raised its dividends for three consecutive years. The stock’s dividend yield on October 22 came in at 1.60%.

Cigna Corporation (NYSE:CI) was a part of 74 hedge fund portfolios at the end of Q2 2023, compared with 79 in the previous quarter, according to Insider Monkey’s database. The collective worth of these stakes is over $4.06 billion.