5 Best Dividend Stocks According to Richard Chilton’s Chilton Investment Company

1. JPMorgan Chase & Co. (NYSE:JPM)

Dividend Yield as of May 20: 3.41%
Number of Hedge Fund Holders: 107
Chilton Investment Company’s Stake Value: $1,715,000

JPMorgan Chase & Co. (NYSE:JPM) is an American multinational investment bank and financial services company headquartered in New York. In its Q1 2022 financial results, the company generated a revenue of $30.7 billion, which beat analysts’ estimates by $170 million.

JPMorgan Chase & Co. (NYSE:JPM) has been increasing its annual dividends for the past 12 years consecutively. Recently, the company increased its annual dividend in 2021 by 11.1%, which takes its quarterly dividend to $1.00 per share. The stock’s dividend yield was recorded at 3.41%, as of May 20. In Q1 2022, Chilton Investment Company held a stake worth over $1.7 million in JPMorgan Chase & Co. (NYSE:JPM), which represented 0.04% of Richard Chilton’s portfolio.

In April, Piper Sandler appreciated the underlying fundamental trends of JPMorgan Chase & Co. (NYSE:JPM) and raised its price target on the stock to $170, while maintaining an Overweight rating on the shares.

Of the 900+ elite funds tracked by Insider Monkey, 107 hedge funds held stakes in JPMorgan Chase & Co. (NYSE:JPM) as of the end of December 2021. These stakes hold a collective value of over $6.5 billion. In comparison, 101 hedge funds held stakes in the New York-based company in the previous quarter, worth $5.6 billion.

ClearBridge Investments mentioned JPMorgan Chase & Co. (NYSE:JPM) in its Q4 2021 investor letter. Here is what the firm has to say:

“Our energy and financials holdings kept pace in the 2021 rally.  In financials, JPMorgan benefited from strong economic growth, a rise in Treasury yields, and a benign credit environment.”

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