5 Best Dividend Stocks According to John Overdeck And David Siegel’s Two Sigma Advisors

In this article, we discuss the 5 best dividend stocks according to John Overdeck and David Siegel’s Two Sigma Advisors. If you want to read our detailed analysis of the hedge fund and its performance, go directly to read 10 Best Dividend Stocks According to John Overdeck And David Siegel’s Two Sigma Advisors. 

5. Bristol-Myers Squibb Company (NYSE:BMY)

Number of Hedge Fund Holders: 74
Dividend Yield as of January 18: 3.33%

Bristol-Myers Squibb Company (NYSE:BMY) is an American multinational pharmaceutical company and is also known for its biological research. In Q3 2021, the number of hedge funds having stakes in the company increased to 74, from 73 in the previous quarter. These stakes hold a consolidated value of $4.75 billion. Berkshire Hathaway held a stake worth $1.3 billion in Bristol-Myers Squibb Company (NYSE:BMY), becoming its largest shareholder in Q3.

On December 13, 2021, Bristol-Myers Squibb Company (NYSE:BMY) announced a quarterly dividend of $0.54 per share, an increase of 10% from the previous quarter. The stock’s current dividend yield stands at 3.33%. Bristol-Myers Squibb Company (NYSE:BMY) has been increasing its dividend for the past 15 years consecutively. This December, JPMorgan lifted its price target on Bristol-Myers Squibb Company (NYSE:BMY) to $80, while maintaining an Overweight rating on the shares.

Two Sigma Advisors started investing in Bristol-Myers Squibb Company (NYSE:BMY) during the fourth quarter of 2010, with shares worth over $5.2 million. In Q3 2021, the hedge fund increased its stake in the company by 710%, which accounted for 1.01% of its 13F portfolio.