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

3. ViacomCBS Inc. (NASDAQ:VIAC)

Number of Hedge Fund Holders: 64
Dividend Yield as of February 9: 2.77%
Glenview Capital’s Stake Value: $105,406,000

ViacomCBS Inc. (NASDAQ:VIAC) is an American mass media and entertainment company. In Q3 2021, Glenview Capital held shares worth over $105.4 million in the company, which represented 1.93% of its 13F portfolio. The hedge fund started investing in the company during the fourth quarter of 2019.

ViacomCBS Inc. (NASDAQ:VIAC) currently offers a quarterly dividend of $0.24 per share, which yields 2.77%. The company has increased its dividend at a CAGR of 7.8% in the past five years and possesses a safe payout ratio of 25.6%. In January, KeyBanc upgraded ViacomCBS Inc. (NASDAQ:VIAC) to Sector Weight from Underweight, due to the growing direct-to-consumer subscribers.

In Q3 2021, 64 hedge funds in Insider Monkey’s database reported owning stakes in ViacomCBS Inc. (NASDAQ:VIAC), down significantly from 74 in the previous quarter. The total value of these stakes is $1.25 billion.