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

1. Linde plc (NYSE:LIN)

Dividend Yield as of June 29: 1.61%
Polaris Capital Management’s Stake Value: $213,987000

Linde plc (NYSE:LIN) is a Dublin-based chemical company that specializes in industrial gases and process gases. In June, the company joined Russell 3000, a market-cap-weighted equity index that tracks 3000 of the largest US-traded stocks.

During Q1 2022, Polaris Capital bought an additional 61,100 LIN shares, taking its total stake to nearly $214 million at the end of Q1. The company was the fund’s third-largest holding in Q1 and accounted for 7.69% of Bernard Horn’s portfolio. In June, Jefferies provided an unfavorable outlook for chemical stocks due to higher interest rates and increasing prices. In view of this, the firm lowered its price target on Linde plc (NYSE:LIN) to $355 but kept a Buy rating on the shares.

On April 17, Linde plc (NYSE:LIN) announced a quarterly dividend of $1.17 per share, in line with its previous dividend. The stock’s dividend yield came in at 1.61%, as of June 29.

Linde plc (NYSE:LIN) was a popular stock among hedge funds in Q1, according to the data tracked by Insider Monkey. The company was a part of 54 hedge fund portfolios, up from 45 in the previous quarter. The collective value of these stakes is over $4.8 billion.

You can also take a look at 10 Best Stocks To Buy In 2022 According To Billionaire Mario Gabelli and 6 Defensive Stocks to Buy in 2022 According to Seth Klarman.

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