Top 5 Dividend Stocks to Buy According to James Katz’s Humankind Investments

1. Cisco Systems, Inc. (NASDAQ:CSCO)

Dividend Yield as of June 28: 3.51%
Humankind Investments’ Stake Value: $4,990,000

Cisco Systems, Inc. (NASDAQ:CSCO) is a California-based technology company that provides cloud and other security services to consumers. The company announced to exit Russia in wake of the Ukrainian war, stopping its sales and services in the country.

On June 6, Cisco Systems, Inc. (NASDAQ:CSCO) announced a quarterly dividend of $0.38 per share, in line with its previous dividend. The company has been raising its dividends consistently for the past 11 years. As of June 28, the stock’s dividend yield came in at 3.51%.

At the end of Q1 2022, Cisco Systems, Inc. (NASDAQ:CSCO) was the eighth-largest holding of Humankind Investments. The hedge fund owned 89,496 CSCO shares, valued at nearly $5 million. The company accounted for 2.04% of James Katz’s portfolio. Highlighting the current supply chain issues, Morgan Stanley lowered its price target on Cisco Systems, Inc. (NASDAQ:CSCO) in May to $46, with an Equal Weight rating on the shares.

ClearBridge Investments mentioned Cisco Systems, Inc. (NASDAQ:CSCO) in its Q3 2021 investor letter. Here is what the firm has to say:

“We reinvested a portion of the proceeds into existing holding Cisco Systems, Inc. (NASDAQ:CSCO), which also has highly valuable technology and an improving secular growth story with its leading position in core networking hardware, as well as in its growing software and services business. Cisco Systems, Inc. (NASDAQ:CSCO) has refocused on winning share in the large and growing hyperscale market and has been investing aggressively in R&D to support growth. We believe Cisco has found new legs after previously ceding some growth opportunities in cloud while maintaining its strong presence in the carrier and enterprise markets. Cisco Systems, Inc. (NASDAQ:CSCO) boasts a strong balance sheet and accelerating multiyear growth while trading at a modest multiple of earnings.”

You can also take a look at 10 Best Fertilizer Stocks To Buy Now and 10 Stocks to Sell According to Billionaire Daniel Sundheim

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