S&P 500 Dividend Aristocrats List: Top 10 Picks by Hedge Funds

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8. Linde plc (NYSE:LIN)

Number of Hedge Fund Holders: 70

Linde plc (NYSE:LIN) is a multinational chemicals company. HSBC raised its price target on the stock in May with a Buy rating on the shares, highlighting the company’s pricing and productivity initiatives.

On April 24, Linde plc (NYSE:LIN) announced a quarterly dividend of $1.275 per share, consistent with its previous dividend. In 2022, the company stretched its dividend growth streak to 28 years. With a dividend yield of 1.43%, LIN is one of the best dividend aristocrat stocks on our list.

Linde plc (NYSE:LIN) experienced an upward trend in hedge fund positions in Q1 2023. According to Insider Monkey’s database, 70 hedge funds owned stakes in the company in Q1, up from 56 in the preceding quarter. These stakes are worth over $5.03 billion collectively.

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