Top 5 Dividend Stocks To Buy According To Hedge Funds

4. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 132

NVIDIA Corporation (NASDAQ:NVDA) is a California-based multinational tech company that specializes in GPUs for gaming, cryptocurrency mining, and other professional applications. The company currently pays a quarterly dividend of $0.04 per share and has a dividend yield of 0.054%, as recorded on May 24. In FY22, it returned over $10.4 billion to shareholders in dividends and share repurchases, which makes it one of the best dividend stocks on our list.

The number of hedge funds tracked by Insider Monkey owning stakes in NVIDIA Corporation (NASDAQ:NVDA) grew tremendously to 132 in Q1 2023, from 106 in the previous quarter. Ken Griffin, Rajiv Jain, and Philippe Laffont were some of the company’s leading stakeholders at the end of March.

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