5 Best Dividend Stocks to Buy According to Al Gore and David Blood

1. Cisco Systems, Inc. (NASDAQ: CSCO)

Generation Investment’s Stake Value: $1,202,466,000
Percentage of Generation Investment’s 13F Portfolio: 5.04%
Dividend Yield: 2.75%
Number of Hedge Fund Holders: 59

Cisco Systems, Inc. (NASDAQ: CSCO) is an American international tech conglomerate. It was founded in 1984 and tops the list of 10 best dividend stocks to buy according to Al Gore and David Blood. 

Cisco Systems is among the best stocks in Generation Investment’s portfolio that pay a regular and healthy dividend to shareholders. On May 26, Cisco declared a quarterly dividend of $0.37 per share, in line with the previous dividend of $0.36 per share. On May 19, Cisco Systems posted quarterly results, reporting earnings per share of $0.83 for the third quarter of 2021, beating market predictions by $0.01. The revenue over the period was $12.8 billion, beating the estimates by $230 million.

Generation Investment is the biggest stakeholder in Cisco, which holds 23.25 million shares in the company worth over $1.20 billion, representing 5.04% of their portfolio. 

ClearBridge Investments, in its first quarter 2021 investor letter, mentioned Cisco Systems. Here is what ClearBridge Investments has to say about Cisco Systems in its letter:

“Also in IT, we added Cisco Systems, which provides IT and networking services in the form of network security, software development and cloud computing. Cisco continues to derive over 50% of its sales from on-premise deployments of its products of enterprise and small and midsize customers, while recurring revenues from software are becoming a larger part of the mix. Return-to-office enterprise spending should offer upside to its core campus business. Cisco was an early technology leader in sustainability over two decades ago, through its Internet-connecting capabilities which supported live concerts in partnership with the United Nations Development Program to raise awareness and funds to fight poverty. Cisco has very strong environmental standards (including driving lower energy consumption in IT departments through new product innovations and a longstanding goal to reduce emissions and reliance on non-renewable energy sources). Its data privacy and supply chain management policies are best in class.”

You can also take a peek at 10 Blue Chip Dividend Stocks Hedge Funds Are Buying and 14 Best European Dividend Stocks To Buy.

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