5 Best Dividend Stocks to Buy and Hold Now According to Tiger Cub Lee Ainslie

4. The Williams Companies, Inc. (NYSE: WMB)

Ainslie’s Stake Value: $216,000
Percentage of Lee Ainslie’s 13F Portfolio: 0.001%
Dividend Yield: 5.95%
Number of Hedge Fund Holders: 34

The Williams Companies, Inc. (NYSE: WMB) possesses and controls midstream gathering and processing assets and interstate natural gas pipelines. It was founded in 1908 and ranks fourth on the list of 10 best dividend stocks to buy and hold according to Tiger Cub Lee Ainslie. The Williams shares have gained about 41.23% in value over the last 12 months.

The Williams Companies, Inc. (NYSE: WMB) is a good option for income investors as the firm pays a regular and healthy dividend. On April 27, the company declared a quarterly dividend of $0.41 per share, in line with the previous. On June 16, Williams announced that it entered an export agreement with Beacon Offshore Energy Development LLC. The company will provide overseas natural gas gathering and distribution services and coastal natural gas refining services to Shenandoah, which will help the company strengthen its portfolio of services. On May 3, Williams posted quarterly earnings results, reporting earnings per share of $0.35 for the first three months of 2021, beating market predictions by $0.06. The revenue over the period was $2.61 billion, beating market estimates by $640 million.

The stock is a new arrival on Lee Ainslie’s portfolio, as his hedge fund bought about 9,109 shares of the company, worth $216,000. As in Q1 2021, there were 34 hedge funds in Insider Monkey’s database that held stakes in The Williams Companies, Inc. (NYSE: WMB), compared to 38 funds in Q4 2020.

In the Q1 2021 Investor Letter, ClearBridge Investments highlighted a few stocks, and Williams Companies Inc. is one of them. Here is what the fund said:

“U.S. energy infrastructure company Williams Companies also performed well. Williams owns and operates natural gas pipelines and associated midstream assets in the U.S. Shares continued to rebound driven by the strong cyclical recovery, which has benefited energy stocks. Williams also delivered resilient fourth-quarter earnings despite energy demand pressure from COVID-19.”