5 Dividend Achievers to Buy in 2022

3. Kellogg Company (NYSE:K)

Dividend Yield as of May 10: 3.18%

Number of Hedge Fund Holders: 31

Number of Years of Consecutive Dividend Increases: 18

Kellogg Company (NYSE:K) is an American company that manufactures and markets snacks and convenience foods across North America, Europe, Latin America, Asia, the Middle East, and Africa. Kellogg Company (NYSE:K)’s dividend yield on May 10 stood at 3.18%, and the company has an 18-year history of consistent dividend growth. 

On April 29, Kellogg Company (NYSE:K) declared a quarterly dividend of $0.58 per share, in line with previous. The dividend is payable on June 15, to shareholders of record on June 1. Kellogg Company (NYSE:K) disclosed its intention to raise the quarterly dividend to $0.59 per share in the third quarter of 2022. 

Kellogg Company (NYSE:K) reported earnings for Q1 2022 on May 5, posting an EPS of $1.10, beating estimates by $0.17. The $3.67 billion revenue also exceeded market consensus by $86.35 million. Citi analyst Wendy Nicholson on May 6 raised the price target on Kellogg Company (NYSE:K) to $83 from $74 and kept a Buy rating on the shares after the better than expected Q1 results.

Among the hedge funds tracked by Insider Monkey, Kellogg Company (NYSE:K) was found in the public stock portfolios of 31 funds at the end of December 2021, up from 22 funds in the earlier quarter. Ray Dalio’s Bridgewater Associates is a significant position holder in the company, with 576,264 shares worth more than $37 million.