Top 5 High Dividend Stocks to Buy According to Hedge Funds

Page 5 of 5

1. JPMorgan Chase & Co. (NYSE:JPM)

Number of Hedge Fund Holders: 104
Dividend Yield as of October 6: 3.62%

JPMorgan Chase & Co. (NYSE:JPM) is a New York-based investment banking company that also operates as a financial holding company. In September, Deutsche Bank maintained its Buy rating on the stock with a $155 price target, mentioning that banking stocks could deliver a long-term performance in the current environment.

On September 20, JPMorgan Chase & Co. (NYSE:JPM) declared a quarterly dividend of $1.00 per share, consistent with its previous dividend. The company maintains a seven-year streak of consistent dividend growth. As of October 6, the stock’s dividend yield came in at 3.62%.

As of the close of Q2 2022, 104 hedge funds tracked by Insider Monkey owned stakes in JPMorgan Chase & Co. (NYSE:JPM), falling from 110 in the previous quarter. These stakes hold a combined value of over $5.8 billion, compared with $5 billion worth of stakes owned by hedge funds in the previous quarter.

You can also take a look at 10 Dividend Stocks to Buy According to Billionaire Carl Icahn’s Icahn Capital LP and 10 Dividend Stocks to Buy According to Billionaire Cliff Asness

Page 5 of 5