Value Investor Joel Greenblatt’s Top 5 Dividend Picks

2. Apple Inc. (NASDAQ:AAPL)

Gotham Asset Management’s Stake Value: $46.7 million
Dividend Yield as of February 15: 0.60%

Apple Inc. (NASDAQ:AAPL) ranks second on our list of top dividend stocks according to value investor Joel Greenblatt. On February 2, the company declared a quarterly dividend of $0.23 per share, which was consistent with its previous dividend. The company maintains a 9-year streak of consistent dividend growth. The stock’s dividend yield on February 15 came in at 0.60%.

In the fourth quarter of 2022, Gotham Asset Management increased its position in Apple Inc. (NASDAQ:AAPL) by 4% and owned a $46.7 million stake. The company made up 1.31% of the firm’s 13F portfolio. The hedge fund has been investing in the company since Q2 of 2011.

In Q3 2022, 140 hedge funds in Insider Monkey’s database owned stakes in Apple Inc. (NASDAQ:AAPL), up from 128 in the preceding quarter. These stakes are valued at over $144 billion.

Distillate Capital mentioned Apple Inc. (NASDAQ:AAPL) in its Q4 2022 investor letter. Here is what the firm has to say:

“The largest new purchase was Apple Inc. (NASDAQ:AAPL), which after underperforming saw its valuation improve significantly. Over the course of the last year, Apple’s consensus estimated forward free cash flows rose modestly, while its enterprise value fell by around 30%. Apple ranks below the 25th most attractive name in the portfolio and so its weight is capped at 4% vs. 6% for names in the top quartile.”