5 Best Dividend Stocks Billionaire Paul Tudor Jones Is Buying

2. W. P. Carey Inc. (NYSE:WPC)

Number of Hedge Fund Holders: 24
Dividend Yield as of February 3: 5.45%
Tudor Investment Corp’s Stake Value: $20,295,000

On December 8, W. P. Carey Inc. (NYSE:WPC), a real estate investment trust, announced a quarterly dividend of $1.055 per share, an increase of 0.3% from the previous dividend. The stock’s dividend yield stands at 5.45%. W. P. Carey Inc. (NYSE:WPC) has increased its dividend at a CAGR of 7.01% in the past 10 years, which makes it one of the best dividend stocks in Paul Tudor’s portfolio.

In January, BofA upgraded W. P. Carey Inc. (NYSE:WPC) to Neutral from Underperform, noting that analysts should focus more on REITs’ growing dividends. In Q3 2021, the company accounted for 0.32% of Tudor Investment Corp’s portfolio, as the hedge fund increased its position in W. P. Carey Inc. (NYSE:WPC) by 294% during the quarter.

Millennium Management held a stake worth $45.5 million in W. P. Carey Inc. (NYSE:WPC), becoming its largest shareholder in Q3. Along with this, 24 hedge funds tracked by Insider Monkey reported owning stakes in the company in Q3, down from 29 in the previous quarter. The total value of these stakes is over $142.7 million.