5 Dividend Stocks to Buy and Hold

In this article, we will be taking a look at 5 dividend stocks to buy and hold. To read our detailed analysis of dividend investing, you can go directly to see the 10 Dividend Stocks to Buy and Hold.

5. The Procter & Gamble Company (NYSE:PG)

Number of Hedge Fund Holders: 69

Dividend Yield: 2.4%

The Procter & Gamble Company (NYSE:PG) is another consumer staples company on our list, and an American multinational corporation based in Cincinnati, Ohio. The company was founded in 1837 and is one of the best dividend stocks to buy and hold, having raised its yield consecutively for 65 years.

Deutsche Bank analyst Steve Powers holds a Buy rating on shares of The Procter & Gamble Company (NYSE:PG) as of this October, alongside a price target of $160.

In the fiscal first quarter of 2022, The Procter & Gamble Company (NYSE:PG) had an EPS of $1.61, beating estimates by $0.02. The company’s revenue was $20.34 billion, up 5.28% year over year and beating estimates by $445.19 million. The Procter & Gamble Company (NYSE:PG) has also gained 7.39% in the past six months and 7.87% year to date.

From Insider Monkey’s tracked hedge funds, 69 held stakes in The Procter & Gamble Company (NYSE:PG) in the third quarter worth about $64 billion. In the second quarter in comparison, 68 hedge funds held stakes in the company worth about $69 billion.