5 Best Dividend Stocks to Buy According to Cliff Asness’ AQR Capital Management

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1. The Procter & Gamble Company (NYSE:PG)

Number of Hedge Fund Holders: 69
Dividend Yield as of January 17: 2.18%

An American consumer goods company, The Procter & Gamble Company (NYSE:PG) was the ninth-largest holding of AQR Capital Management in Q3, representing 0.97% of its 13F portfolio.

The Procter & Gamble Company (NYSE:PG) has been paying dividends to shareholders for the past 131 years and 2021 marked its 65th consecutive year of dividend growth. Currently, the company pays a quarterly dividend of $0.8698 per share, with a dividend yield of 2.18%. This December, The Royal Bank of Canada set a $150 price target on The Procter & Gamble Company (NYSE:PG), appreciating the company’s solid fiscal Q1 2022 results.

At the end of Q3 2021, 69 hedge funds tracked by Insider Monkey held stakes in The Procter & Gamble Company (NYSE:PG) up from 68 in the preceding quarter. These stakes are valued at over $6.41 billion.

You can also take a look at 10 Dividend Stock Picks of Ira Unschuld’s Brant Point Investment and 10 Canadian Dividend Stocks to Buy

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