5 Best Dividend Stocks According to Thomas Steyer’s Farallon Capital

2. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 250
Dividend Yield as of January 9: 0.79%

Though Microsoft Corporation (NASDAQ:MSFT) cannot be taken as an ideal dividend stock due to its low yield, the company has a 15-year track record of consistent dividend growth. Currently, Microsoft Corporation (NASDAQ:MSFT) pays a quarterly dividend of $0.62 per share.

Recently, Jefferies presented a positive outlook on Microsoft Corporation (NASDAQ:MSFT) due to its consistent revenue growth and lifted its price target on the stock to $400, with a Buy rating on the shares. In Q3, Farallon Capital owns over 1.5 million shares in the company, which represented 2.16% of the fund’s portfolio.

At the end of Q3 2021, the number of hedge funds tracked by Insider Monkey having stakes in Microsoft Corporation (NASDAQ:MSFT) grew to 250, from 238 in the preceding quarter. The total value of these stakes is over $65.8 billion. Ken Fisher’s Fisher Asset Management was the company’s largest shareholder in Q3, owning shares worth roughly $7.2 billion.

ClearBridge Investments mentioned Microsoft Corporation (NASDAQ:MSFT) in its Q3 2021 investor letter. Here is what the firm has to say:

“The Strategy modestly outperformed the benchmark; consistent with our fundamental approach that seeks balanced exposure to industries and the growth and value spectrum, performance was driven by companies from diverse sectors. Microsoft, which develops software including the Windows family of products, the Microsoft Office system and the Azure cloud platform, and is a leader in data protection and customer privacy as well as human rights and diversity, contributed strongly as earnings maintained positive sentiment. Microsoft is seeing a number of businesses reach a new, higher level of engagement, adoption and momentum.”