5 Dividend Stocks to Buy According to Billionaire Jim Simons’ Hedge Fund

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1. Golden Ocean Group Limited (NASDAQ:GOGL)

Renaissance Technologies’ Stake Value: $15,374,000

Percentage of Renaissance Technologies’ 13F Portfolio: 0.01%

Number of Hedge Fund Holders: 13

Dividend Yield on December 16: 43.15%

Golden Ocean Group Limited (NASDAQ:GOGL) is the highest yielding dividend stock from Jim Simons’ hedge fund, with a yield of 43.15%. Golden Ocean Group Limited (NASDAQ:GOGL) is a dry bulk shipping company from Bermuda, with a fleet of 92 vessels operating in the capesize, panamax, and supramax segments. 

Jim Simons’ Renaissance Technologies held 1.42 million shares of Golden Ocean Group Limited (NASDAQ:GOGL) in the third quarter, worth $15.3 million. Overall, 13 hedge funds were bullish on Golden Ocean Group Limited (NASDAQ:GOGL) in Q3, with Arrowstreet Capital being the biggest stakeholder of the company, holding a $45.8 million position. 

On November 24, Golden Ocean Group Limited (NASDAQ:GOGL) announced its Q3 results, posting an EPS of $0.92, beating estimates by $0.27. Revenue for the quarter increased 115.95% year-over-year, totaling $305.88 million, exceeding estimates by $43.93 million. 

Golden Ocean Group Limited (NASDAQ:GOGL) increased its quarterly dividend by 70% from the prior quarter dividend of $0.50, declaring a $0.85 per share dividend on December 7, payable on December 16. 

You can also take a look at 10 Cheap Stocks to Buy Before Christmas and 10 High Dividend Stocks with Over 12% Yield

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