In this article, we discuss the 5 dividend stocks to buy according to billionaire Jim Simons’ hedge fund. If you want our detailed analysis of these stocks, go directly to the 10 Dividend Stocks to Buy According to Billionaire Jim Simons’ Hedge Fund.
5. QIWI plc (NASDAQ:QIWI)
Renaissance Technologies’ Stake Value: $8,986,000
Percentage of Renaissance Technologies’ 13F Portfolio: 0.01%
Number of Hedge Fund Holders: 6
Dividend Yield on December 16: 14.54%
QIWI plc (NASDAQ:QIWI), a Russian payment and financial services provider, made it to our list of the top dividend stocks to buy according to Jim Simons’ Renaissance Technologies, offering a forward yield of 14.54%. Renaissance Technologies holds an $8.98 million stake in QIWI plc (NASDAQ:QIWI), which accounts for 0.01% of the fund’s Q3 portfolio. QIWI plc (NASDAQ:QIWI) serves customers in Russia and the CIS countries via an elaborate financial ecosystem including the QIWI payment system, QIWI Bank, CONTACT money transfer system, Factoring PLUS, Flocktory, and QPlatform.
On November 23, QIWI plc (NASDAQ:QIWI) posted earnings for the third quarter. EPS in the period totaled $0.58, exceeding estimates by $0.13. Revenue for the period equaled $86.31 million, outperforming estimates by $2.01 million.
QIWI plc (NASDAQ:QIWI) also declared a $0.30 per share quarterly dividend on November 23, payable on December 8 to shareholders of record on December 6.
One of the leading QIWI plc (NASDAQ:QIWI) stakeholders as of the third quarter is Israel Englander’s Millennium Management, increasing its stake in the company by 253%. Overall, 6 hedge funds reported owning stakes in QIWI plc (NASDAQ:QIWI) in Q3, amounting to $14.1 million.
4. Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)
Renaissance Technologies’ Stake Value: $74,552,000
Percentage of Renaissance Technologies’ 13F Portfolio: 0.09%
Number of Hedge Fund Holders: 23
Dividend Yield on December 16: 19.13%
Offering petroleum, petroleum products, natural gas, lubricant, petrochemicals, fertilizers, and biofuels, Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) is a Brazilian state-owned multinational oil and gas company. As of September end, Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) stock accounts for 0.09% of the total investments at Jim Simons’ Renaissance Technologies, with the hedge fund holding 7.45 million shares worth $74.55 million.
A total of 23 hedge funds in the Q3 database of Insider Monkey were long Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR), with stakes amounting to over $3 billion. Rajiv Jain’s GQG Partners is the largest Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) stakeholder, increasing its stake in the company by 25% in Q3, with 173.3 million shares worth $1.79 billion.
In the Q3 results disclosed on October 28 by Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR), EPS for the quarter totaled $0.47, beating estimates by $0.14. Revenue for the period came in at $21.61 billion, missing analysts’ consensus estimates by $296.05 million.
Goldman Sachs analyst Bruno Amorim upgraded Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) on December 15 to Buy from Neutral with a $14.20 price target. The analyst stated that he now sees a better risk/reward for Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) despite the existing risks of a change in the fuels pricing policy and capital allocation strategy going into 2022.
3. ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)
Renaissance Technologies’ Stake Value: $118,838,000
Percentage of Renaissance Technologies’ 13F Portfolio: 0.15%
Number of Hedge Fund Holders: 22
Dividend Yield on December 16: 20.24%
ZIM Integrated Shipping Services Ltd. (NYSE:ZIM), a globally top rated cargo shipping company from Israel, posted solid third quarter results on November 17. The company reported earnings per share of $12.16, exceeding estimates by $2.83. The Q3 revenue equaled $3.14 billion, surpassing estimated revenue by $374.27 million.
On November 17, ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) declared an interim dividend of $2.50 per share, payable on December 27 to shareholders of record on December 16. The company pays out approximately 20% of its net income in dividends, making it one of the top dividend stocks to buy according to billionaire Jim Simons’ hedge fund, with a forward yield of 20.24%.
Renaissance Technologies increased its position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 399% in the third quarter, holding 2.34 million shares worth $118.8 million, accounting for 0.15% of the firm’s total 13F securities. Overall, 22 hedge funds in the Q3 database of Insider Monkey were bullish on ZIM Integrated Shipping Services Ltd. (NYSE:ZIM), down from 25 funds in the previous quarter.
To cater to customers online, ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) created a new subsidiary, Ship4wd, a digital freight forwarding platform offering an online self-service end to end shipping solution. Ship4wd launched on October 18, targeting the US & Canadian small and medium-sized businesses importing and exporting from China, Vietnam, and Israel. The platform provides both sea and air shipping services up to the final destination, with associated logistics services, all backed up by a variety of professional vendors.
Here is what Evermore Global Advisors has to say about ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) in its Q2 2021 investor letter:
“ZIM Integrated Shipping Services (ZIM) was the largest contributor to the Fund’s performance during the second quarter. With a market cap of $5.2 billion, ZIM is an Israel-based containership operator that had its initial public offering on the New York Stock Exchange this past January. As a reminder, we discussed ZIM at length in the Q1 2021 quarterly commentary as one of the new investments that we initiated during that period.
There were several notable developments during the second quarter. Given the company’s unique asset light business model and targeted, global niche approach, ZIM continued to generate exceptionally strong cash flows. ZIM ended the period with approximately $1.25 billion in cash and about $915 million in net debt. Due to the strong operational performance, the company further strengthened its balance sheet by redeeming its Series 1 and Series 2 unsecured notes due in 2023. With the early redemption of the unsecured notes, ZIM was no longer subject to certain dividend restrictions, and it declared a special dividend of $2 per share, which will be payable on Sept 15th (goes ex on August 24th). Lastly, management revised its 2021 full year EBITDA guidance from $1.4 – 1.6 billion to $2.5 – $2.7 billion, which was a sizable increase compared to the levels set last March. To that end, we continue to have high conviction in our position in ZIM.”
2. Enel Chile S.A. (NYSE:ENIC)
Renaissance Technologies’ Stake Value: $5,830,000
Percentage of Renaissance Technologies’ 13F Portfolio: 0.00%
Number of Hedge Fund Holders: 7
Dividend Yield on December 16: 21.38%
Morgan Stanley analyst Miguel Rodrigues on October 15 initiated coverage of Enel Chile S.A. (NYSE:ENIC) with an Overweight rating and a CLP 52 price target. As the largest integrated electricity group in Chile and the biggest distributor in the country, the analyst views Enel Chile S.A. (NYSE:ENIC) as a “vehicle to play the ESG theme” in Latin America due to its rapid decarbonization process and “increasingly high ESG scores by different rating agencies”.
Jim Simons’ hedge fund owns 2.41 million shares of Enel Chile S.A. (NYSE:ENIC), the leading electric utility company in Chile, worth $5.83 million as of September this year.
Posting its Q3 earnings on October 29, Enel Chile S.A. (NYSE:ENIC) reported a loss per share of $0.01, missing estimates by $0.05. The revenue totaled $955.70 million, exceeding estimates by $77.12 million.
Of the 867 hedge funds tracked by Insider Monkey at the end of September, 7 funds were long Enel Chile S.A. (NYSE:ENIC), with AQR Capital Management being one of the leading stakeholders of the company, holding 2.1 million shares worth more than $5 million.
Offering a 21.38% forward yield as of December 16, Enel Chile S.A. (NYSE:ENIC) is one of the best dividend stocks from Jim Simons’ Renaissance Technologies’ portfolio.
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.
