5 Dividend Stocks to Buy Amid the Market Decline

In this article, we discuss 5 dividend stocks to buy amid the market decline. If you want to check out some more high quality dividend stocks, go directly to 10 Dividend Stocks to Buy Amid the Market Decline.

5. Merck & Co., Inc. (NYSE:MRK)

Dividend Yield as of 10/17: 2.93%

Number of Hedge Fund Holders: 79

Merck & Co., Inc. (NYSE:MRK) is a giant in the pharmaceutical industry that has increased its annual dividend for 11 straight years. As of 10/17, Merck & Co., Inc. (NYSE:MRK) has a dividend yield of 2.93% and a forward P/E ratio of 12.59, which is pretty attractive. Although the company faces headwinds in terms of valuation if there is a recession, Merck & Co., Inc. (NYSE:MRK) shares are nevertheless near an all time high and the stock has potential to go higher in the long run if it continues innovating.

79 hedge funds in our database held shares of Merck & Co., Inc. (NYSE:MRK) at the end of Q2 2022 with Renaissance Technologies among the top 5 with a holding of over 6.7 million shares.