5 Best Dividend Stocks to Buy According to Bernard Horn’s Polaris Capital Management

2. Infosys Limited (NYSE:INFY)

Dividend Yield as of June 29: 2.21%
Polaris Capital Management’s Stake Value: $186,267,000

Infosys Limited (NYSE:INFY) is an Indian multinational information technology company that provides business consulting and outsourcing services to its consumers. Earlier this year, the company announced a collaboration with Telenor Norway to transform its finance and supply chain operations. The company’s provided solution has been implemented across 10 Telenor entities.

On May 27, Infosys Limited (NYSE:INFY) announced a quarterly dividend of $0.177 per share, with a dividend yield of 2.21%, as of the close of June 29. In May, HSBC upgraded the stock to Buy from Neutral, with a  price target of 1,940 INR.

Polaris Capital first invested in Infosys Limited (NYSE:INFY) during Q4 2010, buying shares worth $19.4 million. At the end of Q1 2022, the hedge fund owned nearly 7.5 million INFY shares, valued at over $186.2 million. The company accounted for 6.69% of Bernard Horn’s portfolio.

According to Insider Monkey’s hedge fund data, 25 funds owned stakes in Infosys Limited (NYSE:INFY) in Q1, down from 27 in the previous quarter. These stakes hold a combined value of over $2.2 billion. Rajiv Jain’s GQG Partners was the company’s leading shareholder in Q1.