5 Best Dividend Paying Stocks According to David Harding’s Winton Capital Management

4. Philip Morris International Inc. (NYSE:PM)

Number of Hedge Fund Holders: 48
Dividend Yield as of January 27: 4.88%
Winton Capital Management’s Stake Value: $10,545,000

A Swiss-American tobacco manufacturing company, Philip Morris International Inc. (NYSE:PM) saw an increase in the number of hedge funds having stakes in it in Q3. 48 hedge funds tracked by Insider Monkey held positions in the company, compared with 46 in the previous quarter. These stakes hold a consolidated value of roughly $6 billion.

Philip Morris International Inc. (NYSE:PM) has increased its annual dividend since its inception in 2008. Since then, the company’s compound annual dividend growth rate stands at 8%. Philip Morris International Inc. (NYSE:PM) increased its dividend by 4.2% in 2021 and now pays a quarterly dividend of $1.25 per share, with a dividend yield of 4.88%. This January, Morgan Stanley raised its price target on Philip Morris International Inc. (NYSE:PM) to $115, while maintaining an Overweight rating on the shares.

In Q3 2021, Winton Capital Management held a stake worth over $10.5 million in Philip Morris International Inc. (NYSE:PM), which represented 0.59% of its 13F portfolio.