5 Dividend Stocks to Buy According to Joel Greenblatt’s Gotham Asset Management

4. Automatic Data Processing, Inc. (NASDAQ:ADP)

Dividend Yield: 1.81%
Number of Hedge Fund Holders: 43

Automatic Data Processing, Inc. (NASDAQ:ADP) is an American company that offers HR solutions to its consumers. In Q3 2021, the number of hedge funds tracked by Insider Monkey having stakes in the company grew to 43, from 41 in the previous quarter. These stakes hold a consolidated value of $3.6 billion, up from $3 billion in Q2.

Gotham Asset Management increased its stake by 28% in Automatic Data Processing, Inc. (NASDAQ:ADP) in Q3, and now holds shares worth $14.4 million.

On November 10, Automatic Data Processing, Inc. (NASDAQ:ADP) increased its quarterly dividend by 12% to $1.04 per share, with a dividend yield of 1.81%. The company has a track record of 46 years of consistent dividend growth.