Billionaire Ken Fisher’s Top 5 Dividend Stock Picks

2. Microsoft Corporation (NASDAQ:MSFT)

Fisher Asset Management’s Stake Value: $7,051,906
Dividend Yield as of May 16: 0.87%

An American multinational tech company, Microsoft Corporation (NASDAQ:MSFT) is among the top dividend stock picks of billionaire Ken Fisher. At the end of Q1 2023, his hedge fund owned MSFT stakes worth over $7 billion, which made up 4.27% of its 13F portfolio.

Microsoft Corporation (NASDAQ:MSFT) has been rewarding shareholders with growing dividends for the past 16 years. It currently pays a quarterly dividend of $0.68 per share and has a dividend yield of 0.87%, as of May 16.

Microsoft Corporation (NASDAQ:MSFT) was the most popular company among elite funds in Q4 2022, as per Insider Monkey’s database. 259 hedge funds owned stakes in the company, with a total value of over $58.6 billion.

Diamond Hill Capital mentioned Microsoft Corporation (NASDAQ:MSFT) in its Q1 2023 investor letter. Here is what the firm has to say:

“We did have several strong performing stocks this quarter. Our top contributors to return included NVR, Amazon, Alphabet, Microsoft Corporation (NASDAQ:MSFT) and Booking Holdings, all of which posted double-digit gains.

Shares of software and IT services provider Microsoft rallied as investors became less cautious about the potential for growth deceleration in Azure, its public cloud business, and more focused on opportunities in search after the company announced an investment in and long-term partnership with OpenAI, the company that developed ChatGPT. Microsoft’s net cash balance sheet also seemed to gain appreciation from investors who became more cautious about the economic cycle.”