In this article, we will discuss the 5 dividend stocks to buy according to Murray Stahl’s Horizon Asset Management. If you want to read our detailed analysis of Stahl’s history, investment philosophy, and hedge fund performance, go directly to the 10 Dividend Stocks to Buy According to Murray Stahl’s Horizon Asset Management.
5. Eaton Vance Limited Duration Income Fund (NYSE:EVV)
Horizon Asset Management Stake Value: $176,000
Percentage of Horizon Asset Management’s 13F Portfolio: 0.01%
Number of Hedge Fund Holders: 5
Dividend Yield: 9.18%
Eaton Vance Limited Duration Income Fund (NYSE:EVV) established and managed the Eaton Vance Limited Duration Income Fund, a closed-ended fixed income mutual fund. Eaton Vance Limited Duration Income Fund (NYSE:EVV) shares have offered investors returns of 7.11% in the past twelve months.
Eaton Vance Limited Duration Income Fund (NYSE:EVV) declared a monthly dividend of $0.10 per share, in line with the previous. The hedge fund managed by Murray Stahl owns 13,332 shares in Eaton Vance Limited Duration Income Fund (NYSE:EVV) worth over $176,000. The hedge fund has reduced its stake in the firm by 2% in the third quarter of 2021.
Out of the hedge funds being tracked by Insider Monkey, Citadel Investment Group is a leading shareholder in Eaton Vance Limited Duration Income Fund (NYSE:EVV) with 510,668 shares worth $6.73 million. As of Q3 2021, 5 hedge funds have positions in the company, compared with 3 in the previous quarter.
4. PIMCO Dynamic Credit and Mortgage Income Fund (NYSE:PCI)
Horizon Asset Management Stake Value: $909,000
Percentage of Horizon Asset Management’s 13F Portfolio: 0.02%
Number of Hedge Fund Holders: 2
Dividend Yield: 10.12%
PIMCO Dynamic Credit and Mortgage Income Fund (NYSE:PCI) is a closed-end managed investment firm with a diverse portfolio. The primary investing goal of PIMCO Dynamic Credit and Mortgage Income Fund (NYSE:PCI) is to provide current income, with capital appreciation as a secondary goal.
PIMCO Dynamic Credit and Mortgage Income Fund (NYSE:PCI) declared a monthly dividend of $0.174 per share on November 29, the same as the previous month. The hedge fund chaired by Murray Stahl owns 43,042 shares in the PIMCO Dynamic Credit and Mortgage Income Fund (NYSE:PCI) worth over $909,000, representing 0.02% of their investment portfolio.
PIMCO Dynamic Credit and Mortgage Income Fund (NYSE:PCI) was in 2 hedge funds’ portfolios at the end of the third quarter of 2021.
3. PIMCO Dynamic Income Fund (NYSE:PDI)
Horizon Asset Management Stake Value: $3,058,000
Percentage of Horizon Asset Management’s 13F Portfolio: 0.07%
Number of Hedge Fund Holders: 1
Dividend Yield: 10.48%
PIMCO Dynamic Income Fund (NYSE:PDI) is a closed-end managed investment business that is non-diversified. Its primary purpose is to provide current income, with capital appreciation coming in second. On November 29, PIMCO Dynamic Income Fund (NYSE:PDI) declared a monthly dividend of $0.2205 per share, in line with the previous.
Horizon Asset Management holds 115,062 shares in PIMCO Dynamic Income Fund (NYSE:PDI) worth over $3.06 million, representing 0.07% of their portfolio. The hedge fund has trimmed its stake in PIMCO Dynamic Income Fund (NYSE:PDI) by 1% in the third quarter of 2021. At the end of the third quarter of 2021, 1 hedge fund in the database of Insider Monkey held stakes worth $3.06 million in PIMCO Dynamic Income Fund (NYSE:PDI), down from 2 the preceding quarter worth $3.70 million.
2. Annaly Capital Management, Inc. (NYSE:NLY)
Horizon Asset Management Stake Value: $162,000
Percentage of Horizon Asset Management’s 13F Portfolio: 0.01%
Number of Hedge Fund Holders: 15
Dividend Yield: 10.86%
Annaly Capital Management, Inc. (NYSE:NLY) is a real estate investment trust that invests in real estate. In the third quarter of 2021, Annaly Capital Management, Inc. (NYSE:NLY) had an EPS of $0.28, beating estimates by $0.01.
In October, Barclays analyst Mark DeVries downgraded Annaly Capital Management, Inc. (NYSE:NLY) from “Overweight” to “Equal Weight,” with a price target of $9. The stock’s upside potential, according to the analyst, is restricted at 1.0 times book value.
There were 15 hedge funds in our database that held stakes in Annaly Capital Management, Inc. (NYSE:NLY) at the end of the third quarter, compared to 19 funds in the preceding quarter. Citadel Investment Group is Annaly Capital Management, Inc.’s (NYSE:NLY) most significant stakeholder, with 2.22 million shares worth $18.68 million.
1. Icahn Enterprises L.P. (NASDAQ:IEP)
Horizon Asset Management Stake Value: $28,033,000
Percentage of Horizon Asset Management’s 13F Portfolio: 0.65%
Number of Hedge Fund Holders: 4
Dividend Yield: 15.83%
Icahn Enterprises L.P. (NASDAQ:IEP), a diversified holding company, holds a controlling interest in ten different types of enterprises. Icahn Enterprises works in various industries, including automotive, energy, food packaging, gaming, home fashion, investment, metals, mining, real estate, and train cars.
In the third quarter of 2021, Horizon Asset Management owned 561,214 shares in Icahn Enterprises L.P. (NASDAQ:IEP), worth $28.03 million. This represented 0.65% of the investment portfolio of the hedge fund. In November, Icahn Enterprises L.P. (NASDAQ:IEP) declared a quarterly dividend of $2.00, in line with previous.
In the third quarter of 2021, Icahn Enterprises L.P. (NASDAQ:IEP) posted EPS of -$0.55, missing the Street estimates by $0.66. However, revenue in the quarter jumped 265.1% to $2.64 billion, beating the Street’s forecast by $10 million. Out of the hedge funds being tracked by Insider Monkey, Icahn Capital LP is a leading shareholder in Icahn Enterprises L.P. (NASDAQ:IEP) with 247.12 million shares worth more than $12.34 billion.
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