Retirement Stock Portfolio: 5 Safe Dividend Stocks To Consider

4. ABM Industries Incorporated (NYSE:ABM)

Number of Hedge Fund Holders: 23  

Consecutive Years of Dividend Growth: 54  

Forward Dividend Yield: 1.68%      

ABM Industries Incorporated (NYSE:ABM) markets integrated facility solutions. These include engineering, parking, landscaping, and electrical services, among others. It is one of the oldest such companies in the country. It was founded in 1909. The company recently declared a quarterly dividend of $0.19 per share, in line with previous. It also beat market expectations on earnings per share and revenue in the second quarter. 

In late August, ABM Industries Incorporated (NYSE:ABM) had announced that it would be acquiring facilities services company Able Services in a deal worth $830 million. The company expects to achieve up to $40 million cost synergies as a result of the purchase. 

Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm Millennium Management is a leading shareholder in ABM Industries Incorporated (NYSE:ABM) with 610,082 shares worth more than $27 million.