In this article, we will be taking a look at 5 safe dividend stocks to invest in. To read our detailed analysis of dividend investing, you can go directly to see the 10 Safe Dividend Stocks to Invest In.
5. Old Republic International Corporation (NYSE:ORI)
Number of Hedge Fund Holders: 20
Dividend Yield: 3.5%
Old Republic International Corporation (NYSE:ORI) is a holding company that mainly deals in the business of insurance underwriting. Its operations take place in several segments, and it is among the most noteworthy safe dividend stocks to invest in, with a dividend yield of 3.5%.
The Old Republic International Corporation (NYSE:ORI) had an EPS of $0.79 in the third quarter of 2021. It beat the estimated EPS of $0.63 by $0.16. The revenue in this quarter was $2.20 billion, beating estimates by $347.90 million. Old Republic International Corporation (NYSE:ORI) gained 37.40% year to date and 35.18% in the past year.
The number of hedge funds holding stakes in Old Republic International Corporation (NYSE:ORI) in the third quarter was 20 out of 867. The total stake value was $357 million.4. Walgreens Boots Alliance Inc. (NASDAQ:WBA)
Number of Hedge Fund Holders: 37
Dividend Yield: 4.2%
Walgreens Boots Alliance Inc (NASDAQ:WBA) is a global leader in retail pharmacy. It provides customers with medical assistance as well as medicines for them to cure their illnesses. With a dividend yield of 4.2%, Walgreens Boots Alliance Inc (NASDAQ:WBA) is among the safe dividend stocks to invest in.
Considering the earning history of Walgreens Boots Alliance Inc (NASDAQ:WBA), its EPS in the fourth fiscal quarter of 2021 was $1.17, beating estimates by $0.15. The revenue for this quarter was $34.26 billion, beating estimates by $869.13 million. Walgreens Boots Alliance Inc (NASDAQ:WBA) gained 10.87% year to date and 17.69% in the past year.
Out of 867, 37 hedge funds held stakes in Walgreens Boots Alliance Inc (NASDAQ:WBA) in the third quarter, worth $850 million.3. Chevron Corporation (NYSE:CVX)
Number of Hedge Fund Holders: 51
Dividend Yield: 4.7%
Chevron Corporation (NYSE:CVX) is an American multinational energy corporation. It deals with all kinds of energy production and usage. With a dividend yield of 4.7%, Chevron Corporation (NYSE:CVX) is among the best safe dividend stocks to invest in.
In the third quarter of 2021, Chevron Corporation (NYSE:CVX) showed an EPS of $2.96, beating the estimated EPS of $2.19 by $0.77. Its revenue was $44.71 billion, beating estimates by $3.86 billion. The stock gained 11.16% in the past six months and 35.18% year to date.
In the third quarter, 51 hedge funds held stakes in the Chevron Corporation (NYSE:CVX), worth $4.4 billion. In the previous quarter, the total stake value was $4.2 billion, with 50 out of 873 hedge funds holding stakes in it.
2. Exxon Mobil Corporation (NYSE:XOM)
Number of Hedge Fund Holders: 64
Dividend Yield: 5.8%
Neal Dingmann, an analyst from Truist, raised Exxon Mobil Corporation’s (NYSE:XOM) price target from $64 to $66 this October, keeping a Hold rating on the shares. The analyst also increased his estimates for Q4 of 2021 to 2023 for both oil price deck as well as natural gas.
The EPS for Exxon Mobil Corporation (NYSE:XOM) in the third quarter of 2021 was $1.58, $0.06 higher than the estimated EPS of that quarter, $1.52. For the same quarter, the revenue was $73.79 billion, beating the estimated revenue of $2.09 billion. In the past six months, Exxon Mobil Corporation (NYSE:XOM) gained 4.59% and year to date, it has gained 47.59%.
In Exxon Mobil Corporation (NYSE:XOM), 64 out of 867 hedge funds held stakes worth $6.4 billion in the third quarter of 2021. In the second quarter of 2021, 68 out of 873 hedge funds held stakes in the company.
1. Altria Group Inc. (NYSE:MO)
Number of Hedge Fund Holders: 45
Dividend Yield: 8.2%
Altria Group Inc. (NYSE:MO) is a manufacturer and seller of cigarettes in the United States of America. It is among the safe dividend stocks to invest in with a dividend yield of 8.2%.
Altria Group Inc. (NYSE:MO) had an EPS of $1.22 in the third quarter of 2021. The revenue that the firm earned for this quarter was $5.53 billion.
45 hedge funds out of 867 held stakes in Altria Group Inc. (NYSE:MO) in the third quarter of 2021, worth $829 million. In the second quarter of 2021, the number of hedge funds that held stakes in the company was 47 out of 873, adding up to a value of $948 million.
See also 10 Stocks to Invest In According to Stephen White’s SW Investment and 20 Safe Dividend Stocks to Quit Your 9 to 5 Job.
