The economic and financial turbulence that resulted from the events of 2020, particularly the coronavirus pandemic, has created an intriguing predicament for investors all around the world. Because of their consistency and faultless track record, dividend monarchs like The Procter & Gamble Company have always piqued the market’s interest. The term ‘dividend king’ refers to a dividend-paying stock that has increased its dividend yield without interruption for at least the past 50 years. The S&P 500 High Dividend Index accounted for approximately 36.1 percent of the total index.
Insider Monkey looks at the 10 best dividend kings to buy now according to hedge funds. Hedge funds rate Altria Group, Inc. 10th on our list of the top dividend kings to buy right now. The stock has risen 13.94 percent in the last six months and 14.69 percent so far this year. Hedge funds rank 3M Company ninth on our list of the greatest dividend kings to purchase right now. The stock has risen 19.94 percent in the last six months and 16.13 percent so far this year. Hedge funds put Sysco Corporation eighth on the list of the top dividend kings to buy right now. Kevin Hourican, the company’s CEO, also stated that the restaurant industry’s recovery will only benefit Sysco. Parker-Hannifin Corporation is a motion and control technology and systems producer with a focus on the mobile, industrial, and aerospace markets. According to hedge funds, the firm ranks 7th on our list of the top dividend kings to purchase right now. Emerson Electric Co. is sixth among the greatest dividend kings to purchase right now. The stock has risen 17.35% in the last six months and is up 25.37% for the year. For more details, click 10 Best Dividend Kings to Buy Now According to Hedge Funds.
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