In this article we discuss the 5 Best Dividend Stocks to Buy According to Billionaire Ken Fisher. If you want to read our detailed analysis of Fisher’s history and hedge fund performance, go directly to the 10 Best Dividend Stocks to Buy According to Billionaire Ken Fisher.
5. British American Tobacco p.l.c. (NYSE: BTI)
Fisher’s Stake Value: $354,000
Percentage of Ken Fisher’s 13F Portfolio: 0.001%
Dividend Yield: 7.31%
Number of Hedge Fund Holders: 10
British American Tobacco p.l.c. (NYSE: BTI) specializes in the production of tobacco and nicotine products.
A wholly-owned subsidiary of British American Tobacco p.l.c. (NYSE: BTI) has entered into a strategic investment agreement amounting to C$221 million with Organigram Holdings Inc. (NASDAQ: OGI). The BAT subsidiary has bought around 58.3 million shares of Organigram Holdings at the rate of C$3.792 per share.
4. Enterprise Products Partners L.P. (NYSE: EPD)
Fisher’s Stake Value: $263,000
Percentage of Ken Fisher’s 13F Portfolio: 0.001%
Dividend Yield: 7.53%
Number of Hedge Fund Holders: 26
Enterprise Products Partners L.P. (NYSE: EPD) is an energy company that offers midstream energy services to consumers and producers of crude oil, natural gas, natural gas liquids (NGLs), petrochemicals, and refined products.
Linda Ezergailis, an analyst at TD Securities, initiated a coverage on the stock and rated it as “Buy,” and has set a price target of $28.
3. Ecopetrol S.A. (NYSE: EC)
Fisher’s Stake Value: $1,1671,000
Percentage of Ken Fisher’s 13F Portfolio: 0.001%
Dividend Yield: 7.55%
Number of Hedge Fund Holders: 7
Ecopetrol S.A. (NYSE: EC) is a Columbian energy company that offers services in the oil and gas industry. It ranks third in the list of 10 best dividend stocks to buy according to billionaire Ken Fisher.
The company has been focusing on expanding its global operations and announced plans to triple its investment in the Permian Basin in 2021. The shift to global focus has been necessitated by the prolonged stagnation in the local Columbian market.
Morgan Stanley’s Bruno Montanari upgraded the company’s stock to “Overweight” from “Equalweight,” raising the price target to $18.40 from $14.
2. Vodafone Group Plc (NASDAQ: VOD)
Fisher’s Stake Value: $186,000
Percentage of Ken Fisher’s 13F Portfolio: 0.001%
Dividend Yield: 7.83%
Number of Hedge Fund Holders: 17
Vodafone Group Plc (NASDAQ: VOD) is a telecommunication company that offers communication hardware and software and builds network infrastructure for clients in Europe and worldwide. Like Apple Inc. (NASDAQ: AAPL), Microsoft Corporation (NASDAQ: MSFT), Intel Corporation (NASDAQ: INTC), Walmart Inc. (NYSE: WMT), Vodafone is one of the best stocks in Fisher’s portfolio.
1. Annaly Capital Management, Inc. (NYSE: NLY)
Fisher’s Stake Value: $231,000
Percentage of Ken Fisher’s 13F Portfolio: 0.001%
Dividend Yield: 9.64%
Number of Hedge Fund Holders: 21
Annaly Capital Management, Inc. (NYSE: NLY) is a diversified capital manager that invests in and finances the development of commercial and residential assets. The company ranks first in the list of 10 best dividend stocks to buy according to billionaire Ken Fisher.
In its latest earnings report, Annaly Capital Management, Inc. (NYSE: NLY) reported $1.23 per average common share in GAAP net income in Q1 2021, an increase from $0.60 in Q3 2020. Bode T. George from Keefe, Bruyette & Woods has upgraded the company to “Outperform” from “Market Perform” with a price target of $9.0.
You can also take a peek at 10 Best Dividend Stocks For 2021 and Top 10 Energy Dividend Stocks To Invest In.
