Five US stocks paying extra dividends in 2024

In this article, we look at five US stocks that will pay extra dividends in 2024, and how many hedge funds own them.

HSBC Holdings plc (NYSE:HSBC)

Number of hedge fund holders: 15

HSBC Holdings plc (NYSE: HSBC) is a London-based bank, in fact it is the largest banking and financial services organization in the world. The company provides a wide range of related products and services to its consumers. The company currently pays a quarterly dividend of $0.31 per share and has a dividend yield of 8.09%.

In February this year, the company declared a special dividend of USD 0.21 per share, distributing the proceeds from the sale of the banking business. in Canada. HSBC is one of the best special dividend stocks on our list.

At the end of the fourth quarter of 2023, 15 hedge funds reported holding shares of HSBC Holdings plc (NYSE: HSBC), up from 14 in the previous quarter. The total value of these efforts is over 102.2 million dollars.

Ryan Specialty Holdings, Inc (NYSE: RYAN)

Number of hedge fund holders: 22

Ryan Specialty Holdings, Inc. (NYSE: RYAN) is an insurance company that specializes in providing solutions for specialty risks and insurance needs. The company initiated its dividend policy in February this year with a quarterly dividend per share of USD 0.11. In addition, the company also declared a one-time dividend of USD 0.23 per share that will be paid on March 27. With a dividend yield of 0.80%, RYAN is one of the best special dividend stocks on our list.

The number of hedge funds holding shares of Ryan Specialty Holdings, Inc (NYSE:RYAN) increased to 22 in the fourth quarter of 2023, from 16 in the previous quarter. The consolidated value of these shares is over USD 350.5 million.

Arhaus, Inc (NASDAQ: ARHS)

Number of hedge fund holders: 28

Arhaus, Inc (NASDAQ: ARHS) is a company that specializes in the retail sale of furniture and home furnishings. They operate as home furnishing retailers and offer a wide range of products. On March 7, the company declared a special dividend of $0.50 per share to be paid on April 4. The company declared an extra dividend along with exceeding expectations with its fourth quarter earnings report. ARHS is among the best special dividend stocks on our list.

In Q4 2023, 28 hedge funds owned shares of Arhaus, Inc (NASDAQ:ARHS), up from 24 in the previous quarter. The consolidated value of these shares is over USD 94.2 million. With over 2 million shares, Scopus Asset Management was the company’s leading stakeholder in the fourth quarter.

Weyerhaeuser Company (NYSE: WY)

Number of hedge fund holders: 30

Weyerhaeuser Company (NYSE: WY) is an American real estate investment company primarily engaged in the timber, land and forestry industries. The company is engaged in the cultivation, harvesting and sale of timber and the production and distribution of related products. On February 9, the company declared a 5% increase in its quarterly dividend to USD 0.20 per share. The stock’s dividend yield is 2.34%. On January 25, the company also declared a special dividend of $0.14 per share, making WY one of the best special dividend stocks on our list.

Weyerhaeuser Company (NYSE: WY) ended the fourth quarter of 2023 with 30 hedge fund positions, up from 24 in the previous quarter. The shares owned by these hedge funds have a collective value of over $255.8 million.

Ford Motor Company (NYSE: F)

Number of hedge fund holders: 40

Ford Motor Company (NYSE: F) tops our list of the best dividend stocks. The company is mainly engaged in the design, manufacture, marketing and servicing of cars and car parts. On February 6, the company declared a quarterly dividend of $0.15 per share, which was in line with its previous dividend. It also announced a special dividend of $0.18 per share. The stock’s dividend yield is 4.99%.

Ford Motor Company (NYSE: F) was part of 40 hedge fund portfolios at the end of the fourth quarter of 2023, up from 43 in the previous quarter. These shareholdings have a combined value of around 2 billion dollars.

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