5 Best Dividend Stocks to Buy According to James Parsons’ Junto Capital Management

1. The Western Union Company (NYSE: WU)

Parsons’ Stake Value: $30,495,000
Percentage of James Parsons’ 13F Portfolio: 1.09%
Dividend Yield: 4.09%
Number of Hedge Fund Holders: 

The Western Union Company (NYSE: WU) supplies money movement and payment services globally. It was founded in 1851 and is placed first on the list of 10 best dividend stocks to buy according to James Parsons’ Junto Capital Management. Shares of the company rallied 6.91% in the last 12 months, resulting in a $9.4 billion market capitalization.

On June 29, French fintech company Linxo partnered with Western Union (NYSE: WU) to permit its users to make local and transborder payments through Western Union’s platform. They have collaborated to offer their clients flexibility and trust strengthened by technology and customer experience. On June 10, Western Union allowed national postal services worldwide to offer intercontinental digital cash transfer services. On May 14, Western Union declared a quarterly dividend of $0.235, in line with the previous. The dividend yield is 4.09%. 

The stock is a new arrival on Parsons’ portfolio, as his hedge fund bought about 1.24 million shares of the company, worth $30.50 million. New York-based investment firm D E Shaw is a leading shareholder in The Western Union Company (NYSE: WU) with 4.26 million shares worth more than $105 million.

You can also take a peek at 10 Best Dividend Stocks to Buy According to Al Gore and David Blood and 10 Best Dividend Stocks to Buy and Hold According to Tiger Cub Lee Ainslie. 

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