Blue chip stocks are considered to be among the safest investment options available. These businesses are well-established, recognizable, and have strong financial status that is either growing or has already evolved. They’re also the stocks that would make up the bulk of a stock portfolio. During recessions, dividend stocks tend to benefit investors. Between 1990 and 2006, dividend-paying firms such as McDonald’s Corporation and Coca-Cola Company outperformed dividend equities with greater payout ratios. Dividend equities should not be bought with reckless abandon for tens of thousands of dollars. For example, between 2006 and 2015, the S&P 500 Dividend Aristocrats Index beat the index by about 3% every year.
Insider Monkey looks at the 10 best blue chip dividend stocks hedge funds are buying. Pfizer Inc. was the first company to develop a successful COVID-19 pandemic vaccine. The company’s revenue was $18.98 billion, up 60.81 percent year over year and $249.96 million higher than analysts’ expectations. McDonald’s Corporation is ranked 9th. As of December 31st, 2020, the corporation operated 39,198 restaurants. Argus analysts boosted their price objective for McDonald’s Corporation shares from $260 to $275. The Home Depot, Inc. is ranked eighth. Under the Home Depot brand, the firm maintains stores across the United States that sell a variety of home renovation, construction, and decoration supplies. Verizon Communications Inc. is ranked 7th among the finest blue chip dividend companies that hedge funds are buying. The business is a communications services firm that specializes in wireless and broadband goods and services. In the last six months, it has increased by 0.29 percent. The Procter & Gamble Company comes in sixth. The stock has gained 10.89% in the last six months and 3.16 percent so far this year. For more details, click 10 Best Blue Chip Dividend Stocks Hedge Funds Are Buying.
Unsplash
