Top 5 High Dividend Stocks to Buy According to Hedge Funds

4. Comcast Corporation (NASDAQ:CMCSA)

Number of Hedge Fund Holders: 75
Dividend Yield as of October 6: 3.51%

An American telecommunications company, Comcast Corporation (NASDAQ:CMCSA) recently succeeded in its tech test for 10G network and modem technologies, including a complete network-to-home 10G loop. The company is also planning to launch a nationwide rollout of multi-gigabit speeds for its internet service.

Comcast Corporation (NASDAQ:CMCSA) has been raising its dividends consistently for the past 14 years. It currently pays a quarterly dividend of $0.27 per share and has a dividend yield of 3.51%, as of October 6. The company generated $3.2 billion in free cash flow during Q2 2022 and paid $1.2 billion in dividends. This indicates that the company’s dividends are secure within its FCF.

In September, Benchmark maintained its Buy rating on Comcast Corporation (NASDAQ:CMCSA) with a $46 price target. The firm highlighted the significant growth in the company’s wireless broadband business.

As of the close of June 2022, 75 hedge funds tracked by Insider Monkey owned stakes in Comcast Corporation (NASDAQ:CMCSA), down from 78 in the previous quarter. The collective value of these stakes is nearly $5.4 billion.