Billionaire Ken Griffin’s Top 5 High Dividend Stock Picks

2. Broadcom Inc. (NASDAQ:AVGO)

Citadel Investment Group’s Stake Value: $238,323,572
Dividend Yield as of February 17: 3.10%

Broadcom Inc. (NASDAQ:AVGO) is another top high-dividend stock pick of billionaire Ken Griffin. The semiconductor company has been raising its payouts consistently for the past 12 years. It pays a quarterly dividend of $4.60 per share and has a dividend yield of 3.10%, as recorded on February 17.

At the end of Q4 2022, Citadel Investment Group owned over $238.3 million worth of stakes in Broadcom Inc. (NASDAQ:AVGO). The company made up 0.05% of the firm’s 13F portfolio.

The number of hedge funds tracked by Insider Monkey owning stakes in Broadcom Inc. (NASDAQ:AVGO) grew to 74 in Q3 2022, from 66 in the previous quarter. The collective value of these stakes is over $4.4 billion.

Carillon Tower Advisers mentioned Broadcom Inc. (NASDAQ:AVGO) in its Q2 2022 investor letter. Here is what the firm has to say:

“Tech stocks, including Broadcom Inc. (NASDAQ:AVGO), were one of the hardest-hit sectors due to fears over a weakening macroeconomic environment. Broadcom, however, outperformed semiconductor peers as its end-market exposures provided relatively more defensive characteristics.”

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