5 Dividend Giants with Lowest Short Interest

In this article, we discuss 5 dividend giants with the lowest short interest. If you want to read our detailed analysis of dividend stocks and their previous performance, go directly to read 13 Dividend Giants with Lowest Short Interest. 

5. American Electric Power Company, Inc. (NASDAQ:AEP)

Short % of Float as of October 30: 1.05%

American Electric Power Company, Inc. (NASDAQ:AEP) is an American major electric utility company, based in Ohio. On October 24, the company announced a 6% hike in its quarterly dividend to $0.88 per share. This marked the company’s 14th consecutive year of dividend growth. The stock has a dividend yield of 4.56%, as of November 10.

At the end of Q2 2023, 33 hedge funds in Insider Monkey’s database, compared with 34 in the previous quarter, owned stakes in American Electric Power Company, Inc. (NASDAQ:AEP). Their collective stake value is more than $674 million.

4. Bank of America Corporation (NYSE:BAC)

Short % of Float as of October 30: 1.03%

Another dividend giant with the lowest short interest on our list is Bank of America Corporation (NYSE:BAC). The company has a 24-year run of paying regular dividends to shareholders. It currently offers a quarterly dividend of $0.24 per share and has a dividend yield of 3.49%, as of November 10.

Bank of America Corporation (NYSE:BAC) was a part of 90 hedge funds at the end of Q2 2023, as tracked by Insider Monkey. The collective value of stakes owned by these hedge funds is over $31.7 billion. With over 1 billion shares, Berkshire Hathaway was the company’s leading stakeholder.

3. ConocoPhillips (NYSE:COP)

Short % of Float as of October 30: 1.01%

ConocoPhillips (NYSE:COP) is a multinational energy corporation engaged in the exploration, production, refining, and marketing of oil and natural gas. The company declared a 14% increase in its quarterly dividend on November 2, taking its quarterly dividend to $0.58 per share. This was the company’s ninth consecutive year of dividend growth. The stock’s dividend yield on November 10 came in at 3.43%.

At the end of June 2023, 62 hedge funds owned stakes in ConocoPhillips (NYSE:COP), according to Insider Monkey’s database. The overall value of these stakes is over $2.6 billion. Among these hedge funds, Harris Associates was the company’s leading stakeholder in Q2.

2. AbbVie Inc. (NYSE:ABBV)

Short % of Float as of October 30: 0.75%

An American multinational pharmaceutical company, AbbVie Inc. (NYSE:ABBV) is another dividend giant with the lowest short interest. In October this year, the company raised its dividend for the 51st consecutive year. It offers a quarterly dividend of $1.55 per share and has a dividend yield of 4.49%, as of November 30.

As of the end of Q2 2023, 74 hedge funds tracked by Insider Monkey reported having stakes in AbbVie Inc. (NYSE:ABBV), compared with 75 in the previous quarter. The consolidated value of these stakes is over $2.3 billion.

1. Medtronic plc (NYSE:MDT)

Short % of Float as of October 30: 0.57%

Medtronic plc (NYSE:MDT) tops our list of the dividend giants with the lowest short interest. The medical technology company pays a quarterly dividend of $0.69 per share and has a dividend yield of 3.94%, as of November 10. The company holds a 46-year track record of consistent dividend growth.

Of the 910 hedge funds in Insider Monkey’s database, 63 funds owned stakes in Medtronic plc (NYSE:MDT), up from 52 in the previous quarter. The total value of these stakes is over $1.86 billion.

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