Billionaire Ken Fisher’s Newest High Dividend Stock Picks

Chatham Lodging Trust (NYSE:CLDT)

• Shares Owned by Fisher (as of September 30): 65,538
• Value of Fisher’s Shares (as of September 30): $1.41 Million

Another REIT that was added to Fisher’s portfolio in the third quarter, Chatham Lodging Trust (NYSE:CLDT) pays a monthly dividend of $0.10, which gives the stock a dividend yield of 5.14%. Chatham Lodging Trust was held by three billionaires in our database and 16 investors overall, who held in aggregate 20.50% of the REIT’s shares on June 30. The REIT, which primarily invests in upscale hotels, has been successful in improving margins, and boasted an average rate of $160 in the third quarter and hotel EBIDTA margins of 46.7%. The firm is predicting double-digit FFO growth in 2016, and is enjoying the benefits of being majority-focused in several key markets that have thriving economies, including Seattle, Denver, Los Angeles, and Silicon Valley.

FS Investment Corporation (NYSE:FSIC)

• Shares Owned by Fisher (as of September 30): 15,362
• Value of Fisher’s Shares (as of September 30): $143,000

Despite its sterling dividend yield of 9.01%, FS Investment Corporation (NYSE:FSIC) had little support from the smart money tracked by Insider Monkey as of June 30, as just eight investors held 0.40% of the company’s shares. On the other hand, insiders of the company have shown more bullishness, jumping on shares in late-July after a big dip, and continuing to buy more shares in the following months. The stock has since cratered two more times and rebounded quickly each time, though it has yet to fully make up the losses from its big dip in the second half of September. With a forward P/E slightly under 10.0 and the robust dividend payments, shares of FS Investment Corporation (NYSE:FSIC) do appear palatable.

DHT Holdings Inc. (NYSE:DHT)

• Shares Owned by Fisher (as of September 30): 153,822
• Value of Fisher’s Shares (as of September 30): $1.14 Million

DHT Holdings Inc. (NYSE:DHT) was a high dividend stock that hedge funds were fleeing during the second quarter, as ownership among the investors that we follow fell to 33 from 40. However, after shares took a big dip in August, it appears that investors are finding the shares of the crude oil tanker operator appealing again. In addition to Fisher’s new holding, Canyon Capital Advisors led by Joshua S. Friedman and Mitchell R. Julis, made a big purchase of DHT Holdings Inc. (NYSE:DHT) shares in the middle of October. DHT Holdings recently announced that it will hike its quarterly dividend to $0.18 per share, which will offer shareholders a dividend yield of 9.41%.

Disclosure: None