5 Best Dividend Stocks According to Billionaire Larry Robbins’ Glenview Capital

4. Union Pacific Corporation (NYSE:UNP)

Number of Hedge Fund Holders: 63
Dividend Yield as of February 9: 1.93%
Glenview Capital’s Stake Value: $64,575,000

In January, RBC Capital appreciated the Q4 earnings beat of Union Pacific Corporation (NYSE:UNP), an American transport company. Along with this, the firm also highlighted the company’s strong pricing and operating ratio improvement and raised its price target on the stock to $271, while keeping an Outperform rating on the shares.

As per Insider Monkey’s Q3 data, 63 hedge funds held stakes in Union Pacific Corporation (NYSE:UNP), valued at $4.88 billion. In the previous quarter, 69 hedge funds held positions in the company, with stakes worth over $5 billion.

Union Pacific Corporation (NYSE:UNP) has been a dividend-paying stock for the past 32 years, with a 14-years streak of dividend growth. In December 2021, the company increased its quarterly dividend by 10% at $1.18 per share, with a dividend yield of 1.93%. Glenview Capital started investing in Union Pacific Corporation (NYSE:UNP) during the fourth quarter of 2020 with shares worth over $13.2 million. In Q3 2021, the hedge fund’s position in the company has increased to over $64.5 million worth of stakes, which accounted for 1.18% of Larry Robbins’ portfolio.

Vltava Fund mentioned Union Pacific Corporation (NYSE:UNP) in its recently-published Q4 2021 investor letter. Here is what the firm has to say:

“Regarding the list of titles held, the composition of the Vltava Fund portfolio did not change much throughout 2021. We sold two positions and we incorporated two new ones into our portfolio. Right at the beginning of the year, we sold the shares of Union Pacific railways. After their price had risen greatly, they no longer seemed sufficiently attractive to us.”