5 Stocks That Raised Their Dividend in 2021

2. Star Group, L.P. (NYSE: SGU)

Number of Hedge Fund Holders: 11
Dividend Yield: 5.5%

Star Group, L.P. (NYSE: SGU) is a utility company that sells home heating and air conditioning products and services to residential and commercial customers in the US. The company ranks 2nd on our list of dividend stocks that raised their dividend in 2021.

In the fiscal third quarter of 2021, Star Group, L.P. (NYSE: SGU) had an EPS of -$0.30. The company’s revenue was $213.01 million, up 43.93% year over year. Star Group, L.P. (NYSE: SGU) has gained 0.39% in the past 6 months and 10.47% year to date.

By the end of the second quarter of 2021, 11 hedge funds out of the 873 tracked by Insider Monkey held stakes in Star Group, L.P. (NYSE: SGU) worth roughly $68 million. This is compared to 6 hedge funds in the previous quarter with a total stake value of approximately $60 million.