Top 5 High Dividend Stocks To Buy According To Hedge Funds

4. Leggett & Platt, Incorporated (NYSE:LEG)

Number of Hedge Fund Holders: 24
Dividend Yield as of March 29: 9.62%

Leggett & Platt, Incorporated (NYSE:LEG) is a diversified manufacturing company that produces various engineered components, mainly found in homes and automobiles. On February 27, the company declared a quarterly dividend of $0.46 per share, which was consistent with its previous dividend. Overall, it maintains a 52-year streak of consistent dividend growth, which makes LEG one of the best dividend stocks on our list. The stock has a dividend yield of 9.62%, as of March 29.

At the end of the fourth quarter of 2023, 24 hedge funds tracked by Insider Monkey held stakes in Leggett & Platt, Incorporated (NYSE:LEG), growing from 19 in the previous quarter. These stakes have a total value of more than $123.6 million.

Follow Leggett & Platt Inc (NYSE:LEG)