Dividend Champions vs Aristocrats: 5 Under-the-Radar Stocks to Consider

4. Badger Meter, Inc. (NYSE:BMI)

Number of Hedge Fund Holders: 19

Badger Meter, Inc. (NYSE:BMI) provides industry-leading water solutions to its consumers. The company currently pays a quarterly dividend of $0.225 per share and has a dividend yield of 0.69%, as of April 25. It is one of the best dividend stocks on our list as it has raised its payouts for 30 years in a row.

In April, Argus raised its price target on Badger Meter, Inc. (NYSE:BMI) to $151 with a Buy rating on the shares. The firm mentioned that the company’s products are showing strong demand.

At the end of December 2022, 19 hedge funds in Insider Monkey’s database reported owning stakes in Badger Meter, Inc. (NYSE:BMI), compared with 20 a quarter earlier. These stakes have a collective value of $192.8 million.