5 Most Reliable Dividend Stocks To Buy

4. Aflac Incorporated (NYSE:AFL)

Payout Ratio in 2023: 21.59%

Aflac Incorporated (NYSE:AFL) is a Georgia-based insurance company that is known for its supplemental insurance products, particularly in the field of health and life insurance. The company pays a quarterly dividend of $0.50 per share, having raised it by 19% in January this year. This was the company’s 42nd consecutive year of dividend growth, which makes AFL one of the best dividend stocks on our list. The stock’s dividend yield on March 11 came in at 2.44%.

As of the end of Q4 2023, 28 hedge funds owned stakes in Aflac Incorporated (NYSE:AFL), up from 25 in the previous quarter, according to Insider Monkey’s database. These stakes have a consolidated value of over $236 million. Ariel Investments owned the largest stake in the company in Q4.

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