Billionaire Steve Cohen’s Top 5 Dividend Stocks

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1. AstraZeneca plc (NASDAQ:AZN)

Point72 Asset Management’s Stake Value as of 9/30: $263,871,000

Percentage of Point72 Asset Management’s 13F Portfolio as of 9/30: 1.05%

Dividend Yield as of 11/18: 2.92%

With a stake value of over $263 million at the end of September, AstraZeneca plc (NASDAQ:AZN) is one of Point72 Asset Management’s top holdings for Q3.

During the quarter, billionaire Steve Cohen’s fund increased its stake in pharmaceutical giant AstraZeneca plc (NASDAQ:AZN) by 145% to end the quarter with the stock account for 1.05% of the fund’s 13F portfolio. Despite the broader market weakness, AstraZeneca plc (NASDAQ:AZN) shares are up 11.7% year to date as investors expect the company’s earnings per share to increase in the medium term. According to Barron’s, analysts expect AstraZeneca plc (NASDAQ:AZN) to earn $3.31 per share for 2022, $3.69 per share in 2023 and $4.37 per share in 2024. If AstraZeneca plc (NASDAQ:AZN)’s EPS increases as expected, the company’s quarterly dividend of $0.48 per share could increase as well.

Given Point72 Asset Management’s position, AstraZeneca plc (NASDAQ:AZN) ranks #1 on our list of Billionaire Steve Cohen’s Top 10 Dividend Stocks.

You can also take a look at 15 Biggest IT Companies in the World and 15 Biggest Insurance Companies in the World.

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