5 Best Dividend Stocks To Buy According To Billionaire Ken Fisher

Over 40.14 million shares of Vale SA (NYSE:VALE) were held in the 13F portfolio of Fisher Asset Management on September 30, valued at over $424 million. Fisher has owned shares of the Brazilian mining company since late 2017, holding on to the stock even after Vale suspended its dividend payments in January 2019 following the Brumadinho dam disaster.

Vale announced in July that it would resume its semiannual dividend payments following a surge in iron ore prices that lead to nearly $1 billion of net income in Q2, a greater than four-fold increase compared to Q1. Vale’s most recent dividend payment of $0.427 on October 7 topped expectations and implies an annual yield of over 8%. The company has stated that it will make its next dividend payment in March 2021.