Billionaire Jim Simons’ Top 5 High-Dividend Stocks

In this article, we discuss billionaire Jim Simons’ top 5 high-dividend stocks. If you want to read our detailed analysis of Renaissance Technologies’ holdings and past performance, go directly to read Billionaire Jim Simons’ Top 12 High-Dividend Stocks.

5. Flowers Foods, Inc. (NYSE:FLO)

Renaissance Technologies Stake Value: $120,444,000
Dividend Yield as of November 20: 4.40%

Flowers Foods, Inc. (NYSE:FLO) is an American bakery company that specializes in producing and marketing a variety of fresh bakery products. Renaissance Technologies increased its position in the company by 6% during the third quarter of 2023. The hedge fund owned over 5.4 million shares in the company, worth over $120.4 million. The company accounted for 0.2% of the firm’s 13F portfolio.

Flowers Foods, Inc. (NYSE:FLO), one of the best high-dividend stocks in billionaire Jim Simons’ portfolio, currently pays a quarterly dividend of $0.23 per share. In 2023, the company stretched its dividend growth streak to 21 years. The stock has a dividend yield of 4.40%, as of November 20.

At the end of Q2 2023, 21 hedge funds tracked by Insider Monkey owned investments in Flowers Foods, Inc. (NYSE:FLO) , worth collectively roughly $146 million.

4. Altria Group, Inc. (NYSE:MO)

Renaissance Technologies Stake Value: $125,060,000
Dividend Yield as of November 20: 9.60%

An American tobacco company, Altria Group, Inc. (NYSE:MO) is next on our list of the best high-dividend stocks in billionaire Jim Simons’ portfolio. The company has been raising its dividends for 54 consecutive years and at present, it pays a quarterly dividend of $0.98 per share. The stock’s dividend yield on November 20 came in at 9.60%.

According to Insider Monkey’s database of the second quarter of 2023, 43 hedge funds owned stakes in Altria Group, Inc. (NYSE:MO), worth over $446.2 million.

3. Verizon Communications Inc. (NYSE:VZ)

Renaissance Technologies Stake Value: $155,386,000
Dividend Yield as of November 20: 7.34%

Verizon Communications Inc. (NYSE:VZ) is a leading American telecommunications company that operates various services in the communication and technology sectors. During the third quarter of 2023, Renaissance Technologies grew its position in the company significantly by 343%, which took its total VZ stake to over $155.3 million. The company represented 0.26% of the firm’s 13F portfolio.

Verizon Communications Inc. (NYSE:VZ) holds a 17-year streak of consistent dividend growth and it pays a quarterly dividend of $0.665 per share. As of November 20, the stock has a dividend yield of 7.34%.

According to Insider Monkey’s database of Q2 2023, 53 hedge funds owned stakes in Verizon Communications Inc. (NYSE:VZ), worth collectively nearly $829 million.

2. AbbVie Inc. (NYSE:ABBV)

Renaissance Technologies Stake Value: $202,438,000
Dividend Yield as of November 20: 4.48%

An American pharmaceutical company, AbbVie Inc. (NYSE:ABBV) is next on our list of the high-dividend stocks in billionaire Jim Simons’ portfolio. The company’s dividend growth streak currently stands at 51 years and it offers a quarterly dividend of $1.55 per share. As of November 20, the stock has a dividend yield of 4.48%.

As per Insider Monkey’s data, 74 hedge funds owned stakes in AbbVie Inc. (NYSE:ABBV) in Q2 2023, compared with 75 in the previous quarter. These stakes have a total value of more than $2.3 billion.

1. Pfizer Inc. (NYSE:PFE)

Renaissance Technologies Stake Value: $218,546,000
Dividend Yield as of November 20: 5.48%

Pfizer Inc. (NYSE:PFE) tops our list of the best high-dividend stocks according to billionaire Jim Simons. The American biotech company has been raising its dividends for 13 years running. It currently offers a quarterly dividend of $0.41 per share. The stock has a dividend yield of 5.48%, as of November 20.

As of the close of the second quarter of 2023, 73 hedge funds in Insider Monkey’s database owned investments in Pfizer Inc. (NYSE:PFE), worth collectively over $1.5 billion. Among these hedge funds, Diamond Hill Capital was the company’s leading stakeholder in Q2.

You can also take a look at Abrams Capital 13F: 10 Best Stocks To Buy Picked By Billionaire David Abrams and 13 Best Dividend Stocks with Upside Potential