Billionaire Seth Klarman’s Top 5 Dividend Stock Picks

Page 5 of 5

1. Veritiv Corporation (NYSE:VRTV)

Baupost Group’s Stake Value: $336,002,000
Dividend Yield as of November 15: 1.95%

Veritiv Corporation (NYSE:VRTV) is a Georgia-based business-to-business provider of packaging, hygiene, and publishing products. The company was the fifth-largest holding of Baupost Group in Q3 2022. The hedge fund owned stakes worth over $336 million in the company, which represented 5.79% of billionaire Seth Klarman’s portfolio.

On November 8, Veritiv Corporation (NYSE:VRTV) initiated its dividend policy and pays a quarterly dividend of $0.63 per share. The stock has a dividend yield of 1.95%, as of November 15.

At the end of Q2 2022, 17 hedge funds in Insider Monkey’s database owned stakes in Veritiv Corporation (NYSE:VRTV), compared with 19 in the previous quarter. These stakes have a total value of $443.8 million.

Follow Veritiv Corp (NYSE:VRTV)

You can also take a look at 11 Best Dividend Stocks to Buy According to Warren Buffett and 10 Best High-Dividend Stocks to Buy Now

Page 5 of 5