5 Dividend Stocks to Buy According to Bernard Horn’s Polaris Capital

In this article, we will be looking at the top 5 dividend stocks to buy according to Bernard Horn’s Polaris Capital. If you want to see our comprehensive analysis of Horn’s history, investment philosophy, and hedge fund performance, go directly to 10 Dividend Stocks to Buy According to Bernard Horn’s Polaris Capital.

5. ALLETE, Inc. (NYSE:ALE)

Polaris Capital’s Stake Value: $42.84 million

Percentage of 13F portfolio: 1.36%

Total Number of Hedge Fund Holders: 12

Dividend Yield: 4.19%

Up next we have ALLETE, Inc. (NYSE: ALE), a Minnesota-based energy company that provides electricity, water, and natural gas utility services to customers in Wisconsin and Minnesota. As of the end of September, Bernard Horn’s Polaris Capital owns 719,758 shares in the energy company valued at $42.84 million.

ALLETE, Inc. (NYSE: ALE) posted an EPS of $0.53 for the third quarter of 2021, missing estimates by -$0.18. The energy firm posted quarterly revenue of $345.40 million, beating analysts’ forecasts by $45.20 million.

In the third quarter of 2021, 12 hedge funds out of 867 tracked by Insider Monkey held shares worth $70.78 million in ALLETE, Inc. (NYSE: ALE). This shows a slight downward trend, as 10 hedge funds held shares worth $73.02 million in the energy firm a quarter earlier.