5 Best S&P 500 Dividend Stocks To Invest In 2024 (2024)

In this article, we discuss 5 best S&P 500 dividend stocks to invest in 2024. If you want to read our detailed analysis of dividend stocks in the S&P 500 and their performance over the years, go directly to read .

5. UnitedHealth Group Incorporated (NYSE:UNH)

Number of Hedge Fund Holders: 113

UnitedHealth Group Incorporated (NYSE:UNH) is a diversified healthcare company that operates across multiple segments of the healthcare industry. On February 23, the company declared a quarterly dividend of $1.88 per share, which fell in line with its previous dividend. Overall, it holds a 13-year streak of consistent dividend growth, which makes UNH one of the best S&P 500 dividend stocks on our list. The stock offers a dividend yield of 1.43%, as of February 26.

The number of hedge funds in Insider Monkey’s database owning stakes in UnitedHealth Group Incorporated (NYSE:UNH) grew significantly to 113 in Q4 2023, from 104 in the previous quarter. The collective value of these stakes is nearly $11.2 billion.

4. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 131

Apple Inc. (NASDAQ:AAPL) is next on our list of the best dividend stocks on our list. The multinational tech company has been growing its dividends for the past 11 years and it currently pays a quarterly dividend of $0.24 per share. As of February 26, the stock has a dividend yield of 0.53%.

At the end of December 2023, 131 hedge funds tracked by Insider Monkey held stakes in Apple Inc. (NASDAQ:AAPL), compared with 134 in the preceding quarter. The collective value of these stakes is over $205.8 billion. Among these hedge funds, Berkshire Hathaway was the company’s leading stakeholder in Q4.

3. Mastercard Incorporated (NYSE:MA)

Number of Hedge Fund Holders: 141

Mastercard Incorporated (NYSE:MA) is a global financial technology company that operates as a payment technology and network. The company was a part of 141 hedge fund portfolios at the end of Q4 2023, up from 140 in the previous quarter, as per Insider Monkey’s database. The consolidated value of stakes owned by these hedge funds is nearly $17 billion.

Mastercard Incorporated (NYSE:MA), one of the best dividend stocks, offers a quarterly dividend of $0.66 per share. The company’s dividend growth streak currently stands at 11 years. The stock has a dividend yield of 0.56%, as of February 26.

2. Visa Inc. (NYSE:V)

Number of Hedge Fund Holders: 162

Visa Inc. (NYSE:V) is an American multinational financial technology company that operates as a leading payment technology and network. The company offers a quarterly dividend of $0.52 per share and has raised its dividends for 15 consecutive years. As of February 26, the stock has a dividend yield of 0.73%.

According to Insider Monkey’s database of Q4 2023, 162 hedge funds held stakes in Visa Inc. (NYSE:V), down from 167 in the previous quarter. The collective value of these stakes is more than $26.5 billion. With roughly 16.7 million shares, TCI Fund Management was the company’s leading stakeholder in Q4.

1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 302

Microsoft Corporation (NASDAQ:MSFT) tops our list of the best dividend stocks in the S&P 500. The multinational tech giant has been growing its dividends consistently for the past 17 years and currently pays a quarterly dividend of $0.75 per share. The stock’s dividend yield on February 26 came in at 0.73%.

As of the end of Q4 2023, 302 hedge funds tracked by Insider Monkey reported having stakes in Microsoft Corporation (NASDAQ:MSFT), compared with 306 in the previous quarter. The overall value of these stakes is over $87.3 billion.

You can also take a look at 13 Best Bank Stocks To Invest In For Long-Term and 11 Best Revenue Growth Stocks to Invest In