What is an Annuity for Retirement? 5 Dividend Stocks to Buy Instead

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In this article, we discuss what is an annuity for retirement and 5 dividend stocks to buy instead. If you want to read our detailed analysis on the subject, go directly to read What is an Annuity for Retirement? 15 Dividend Stocks to Buy Instead

5. Analog Devices, Inc. (NASDAQ:ADI)

Number of Hedge Fund Holders: 62

Analog Devices, Inc. (NASDAQ:ADI) is a global semiconductor company that manufactures integrated circuits and systems. In February this year, the company declared a 7% hike in its quarterly dividend to $0.92 per share. This marked the company’s 21st consecutive year of dividend growth, which makes ADI one of the best dividend stocks for retirees. The stock has a collective value of 1.82%, as of April 28.

Insider Monkey’s database of Q4 2023 showed that 62 hedge funds held stakes in Analog Devices, Inc. (NASDAQ:ADI), compared with 64 in the preceding quarter. The consolidated value of these stakes is over $4.44 billion.

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