5 Dividend Stocks to Buy According to Nicholas Bagnall’s Te Ahumairangi Investment Management

1. Rio Tinto Group (NYSE:RIO) 

Te Ahumairangi Investment Management’s Stake Value: $7,724,000

Percentage of Te Ahumairangi Investment Management’s 13F Portfolio: 1.00%

Dividend Yield: 10.43%

Number of Hedge Fund Holders: 21

Rio Tinto Group (NYSE:RIO) is the highest yielding dividend stock picked by Nicholas Bagnall’s Te Ahumairangi Investment Management, with a yield of 10.43%. Rio Tinto Group (NYSE:RIO) is a multinational metals and mining corporation, second largest in the world. The company specializes in iron ore, copper, diamonds, gold, and uranium. Headquartered in London, Rio Tinto Group (NYSE:RIO) is traded as a FTSE 100 Index Component. 

Te Ahumairangi Investment Management owns 92,072 shares in Rio Tinto Group (NYSE:RIO), amounting to $7.72 million, accounting for 1% of Bagnall’s 13F portfolio at the end of Q2. 

Billionaire Ken Fisher’s Fisher Asset Management is the leading stakeholder in Rio Tinto Group (NYSE:RIO), with 12.92 million shares worth $1.08 billion. Overall, 21 hedge funds monitored by Insider Monkey were bullish on Rio Tinto Group (NYSE:RIO) at the end of the second quarter, down from 25 in Q1. 

You can also take a look at 9 Best Hydrogen Fuel Cell Stocks To Buy and 11 Best Artificial Intelligence and Robotics Stocks To Buy According To Hedge Funds.

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