Everyone is familiar with the reality that the coronavirus pandemic has played havoc with the global economies. Hundreds and thousands of people have been rendered jobs while millions lost their lives due to this pandemic. The global economies witnessed intermittent lockdowns which brought the financial activities to a standstill. Various governments announced bailout packages to help existing businesses retain workforce. So, that the financial impact of the pandemic can be minimized to a great extent. Same was the case with the stock exchange business. When we talk about dividend stocks, they fell by 5%. At present, the companies offering dividend stocks have witnessed an upward trend during the last quarter of 2020. Still, the growth rate is far less to the pre-coronavirus level. As pharma companies started to roll out the coronavirus vaccine, the second quarter of 2021 looks promising. Another important factor is the focus of investors. According to analysts, the investors are eager to invest in dividend stocks instead of investing in tech companies. In this article we have shed light on some companies which are offering dividends. We have covered Best 10 Blue Chip Dividend Stocks to Buy as shared by Insider Monkey.
Let us talk about the fast-food chain McDonald’s Corporation. This company was on the list of 65 hedge funds by the end of September, last year. According to sources, hedge funds prefer to buy McDonald’s dividends due to its strong growth potential. The average growth rate of McDonald’s dividend stock has been recorded at 8%. The company has been raising its dividend for the past 19 years. Currently, the company is offering the quarterly dividend at $1.29 per share. The company witnessed strong growth during the pandemic period as people ordered food online, using their smartphones, laptops, and tablets. Another dividend offering company is Johnson & Johnson. The company is offering dividend on its shares for almost 58 long consecutive years. During the third quarter of 2020, Johnson & Johnson was on the list of 82 hedge funds. Johnson & Johnson is among those companies which have been working on coronavirus vaccine. According to sources, the company in the last stage of the clinical trial of the vaccine. Around 45,000 people have been enrolled for the trial and the result of the trial will be released by the end of January or early February. You can read about other companies in this article 10 Blue Chip Dividend Stocks Hedge Funds Are Buying on Yahoo.
