Billionaire Ken Fisher’s Top 5 High Dividend Stock Picks

3. Vale S.A. (NYSE: VALE)

Rio de Janeiro-based company Vale S.A. (NYSE: VALE) is famous for its hefty dividends. After experiencing pressure on its cash generation in the past couple of years, the iron ore miner now appears in a position to offer big dividends to investors – thanks to improvement in commodity prices. Chief Executive Officer Eduardo Bartolomeo recently stated that Vale is planning to return excess cash to investors in the form of dividends and buybacks.

Vale’s announced a March dividend of 3.427 reais a share compared to expectations for 2.697 and increased substantially from 1.41 reais for the September quarter. Moreover, shares of Vale rose 109% in the last twelve months. Vale SA was in 35 hedge funds’ portfolios at the end of December.