5 Best Dividend Stocks According to Andreas Halvorsen’s Viking Global

1. Bristol-Myers Squibb Company (NYSE:BMY)

Number of Hedge Fund Holders: 74
Viking Global’s Stake Value: $113,204,000
Dividend Yield as of February 15: 3.20%

On December 13, Bristol-Myers Squibb Company (NYSE:BMY), an American pharmaceutical company, raised its quarterly dividend by 10% to $0.54 per share, achieving 15 years of consistent dividend growth. The stock’s current dividend yield stands at 3.20%.

This December, JPMorgan raised its price target on Bristol-Myers Squibb Company (NYSE:BMY) to $80, with an Overweight rating on the shares, expecting a rebound in the company’s shares in 2022. In Q4 2021, Bristol-Myers Squibb Company (NYSE:BMY) represented 0.32% of Andreas Halvorsen’s portfolio, as his hedge fund held a stake worth over $113.2 million in the company.

In Q3 2021, the number of hedge funds tracked by Insider Monkey having stakes in Bristol-Myers Squibb Company (NYSE:BMY) grew to 74, from 73 in the preceding quarter. These stakes hold a value of over $4.75 billion. Among these shareholders, Warren Buffett’s Berkshire Hathaway held the largest stake in the company, worth over $1.3 billion.

You can also take a look at 15 Biggest Companies That Don’t Pay Dividends and 10 Stocks that Pay Dividends Monthly

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