5 Dividend Stocks That Have Doubled Their Payouts

In this article, we will be taking a look at 5 dividend stocks that have doubled their payouts. To read our detailed analysis of dividend investing, you can go directly to see the 10 Dividend Stocks That Have Doubled Their Payouts.

5. Morgan Stanley (NYSE:MS)

Number of Hedge Fund Holders: 65

Dividend Yield: 2.9%

Morgan Stanley (NYSE:MS) is among the most renowned financial and investment banking and brokerage companies out there. The company offers financial products and services to a varied consumer-base, including corporations, governments, financial institutions, and individuals. It raised its dividend by 100% this year, and as of this November, it had a yield of 2.9%.

Citigroup analyst Keith Horowitz holds a Neutral rating on shares of Morgan Stanley (NYSE:MS) as of this October. The analyst also raised his price target on the stock to $105.

In the fiscal third quarter of 2021, Morgan Stanley (NYSE:MS) had an EPS of $2.04, beating estimates by $0.36. The company’s revenue was $14.75 billion, up 26.56% year over year and beating estimates by $799.47 million as well.

Out of 867, 65 hedge funds held stakes in Morgan Stanley (NYSE:MS) in the third quarter, worth $4.9 billion. In the second quarter, 69 hedge funds held stakes in the company worth $5.3 billion.