Billionaire Louis Bacon Likes These Dividend Stocks: McDonald’s Corporation (MCD), Procter & Gamble Co (PG), More

Procter & Gamble Co (NYSE:PG) is another major dividend stock pick of Bacon, who owns 250,000 shares valued at $20.49 million. The packaged goods manufacturer has a dividend yield of 3.36%, boosted by its rough patch during the current year, with shares declining 14.68% year-to-date. Procter & Gamble Co (NYSE:PG) is ready to enter into the 3D bioprinting space with the launch of a major grant competition in Singapore. This competition will be open to research institutions in Singapore and will help the company come up with some profitable ideas in the industry. Earlier this month, Procter & Gamble Co (NYSE:PG) announced that it will close its Puerto Rico plant, eliminating 230 jobs, with the company shifting that plant’s operations to Browns Summit, along with some of those eliminated jobs. Investors with large positions in Procter & Gamble include Warren Buffett‘s Berkshire Hathaway and Donald Yacktman’s Yacktman Asset Management.

Moore Capital Management has increased its investments in Chatham Lodging Trust (NYSE:CLDT) during the first quarter by 175% to 550,000 shares valued at $16.18 million. The luxury hotel trust has dividend yields of 4.22%, with Chatham Lodging Trust (NYSE:CLDT) announcing a monthly dividend of $0.10 per share for May 2015 representing an annualized dividend of $1.20. Chatham Lodging Trust (NYSE:CLDT) reported earnings per share of $0.04 for the first quarter of 2015 against a loss of $0.07 per share in the first quarter of 2014. The firm owns 131 hotels, including high-end and premium hotels, through joint ventures and complete ownership. The REIT has a current rating of “Buy” with 1-year average price target of $33.25, indicating an upside of 17.03% from its current share price. Forward Management and Jeffrey Furber‘s AEW Capital Management are among the investment managers we track owning large positions in the company.

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