In this article, we discuss the 5 best dividend stocks billionaire Paul Tudor Jones is buying. If you want to read our detailed analysis of Tudor Investment Corp and its recent developments, go directly to read 10 Best Dividend Stocks Billionaire Paul Tudor Jones Is Buying.
5. Realty Income Corporation (NYSE:O)
Number of Hedge Fund Holders: 22
Dividend Yield as of February 3: 4.27%
Tudor Investment Corp’s Stake Value: $16,638,000
Realty Income Corporation (NYSE:O), an American real estate investment trust, pays monthly dividends to its shareholders. In Q3 2021, Tudor Investment Corp increased its stake in the company by 1,076%, equaling $16.6 million, which represented 0.27% of its 13F portfolio.
At the end of the third quarter of 2021, 22 hedge funds tracked by Insider Monkey held stakes worth over $275 million in Realty Income Corporation (NYSE:O). In comparison, 23 hedge funds held positions in the company in the preceding quarter. Among these hedge funds, Millennium Management was the company’s largest shareholder in Q3, owning shares worth over $60.5 million.
Realty Income Corporation (NYSE:O) currently pays a monthly dividend of $0.2465 per share, with a dividend yield of 4.27%. The company has been increasing dividends since 1990, even during the last three decades’ financial or health crisis. This January, Mizuho set a $72 price target on Realty Income Corporation (NYSE:O), with a Buy rating on the shares.
4. Unum Group (NYSE:UNM)
Number of Hedge Fund Holders: 30
Dividend Yield as of February 3: 4.59%
Tudor Investment Corp’s Stake Value: $15,155,000
Unum Group (NYSE:UNM) is an American company that provides financial protection benefits to its consumers. Insider Monkey’s Q3 data showed that the hedge fund interest spiked in the company, as 30 hedge funds held a $350 million worth of stake in Unum Group (NYSE:UNM) in Q3, up from 23 hedge funds in the previous quarter.
In 2021, Unum Group (NYSE:UNM) hiked its quarterly dividend by 5.3% at $0.30 per share. The stock’s annual dividend yield stands at 4.59%. This December, Goldman Sachs initiated its coverage on Unum Group (NYSE:UNM) with a Buy rating and a $32 price target. In the past 12 months, the stock has delivered a 7.4% return to shareholders, as of the close of February 3.
Unum Group (NYSE:UNM) is one of the latest acquisitions of Tudor Investment Corp in Q3 2021. The hedge fund held shares worth over $15.1 million in the company, which represented 0.24% of its 13F portfolio.
3. VICI Properties Inc. (NYSE:VICI)
Number of Hedge Fund Holders: 47
Dividend Yield as of February 3: 5.03%
Tudor Investment Corp’s Stake Value: $15,641,000
VICI Properties Inc. (NYSE:VICI) is an American real estate investment trust that mainly invests in casino properties. The company’s strong business throughout the pandemic caught the eyes of Wall Street analysts, who expect it to grow in the coming years as well. In light of this, in January, Berenberg initiated its coverage on VICI Properties Inc. (NYSE:VICI) with a Buy rating and a $35 price target.
The number of hedge funds tracked by Insider Monkey holding stakes in VICI Properties Inc. (NYSE:VICI) grew to 47 in Q3, from 37 in the previous quarter. These stakes hold a consolidated value of over $1.37 billion, showing considerable growth from $664.6 million worth of stakes in Q2.
VICI Properties Inc. (NYSE:VICI) currently pays a quarterly dividend of $0.36 per share, with a dividend yield of 5.03%. The company increased its dividend by 9% in 2021, continuing the practice since it went public in 2018. In Q3 2021, Tudor Investment Corp held a stake worth over $15.6 million in VICI Properties Inc. (NYSE:VICI), after increasing its position by 15%. The company made up 0.25% of Paul Tudor’s portfolio.
2. W. P. Carey Inc. (NYSE:WPC)
Number of Hedge Fund Holders: 24
Dividend Yield as of February 3: 5.45%
Tudor Investment Corp’s Stake Value: $20,295,000
On December 8, W. P. Carey Inc. (NYSE:WPC), a real estate investment trust, announced a quarterly dividend of $1.055 per share, an increase of 0.3% from the previous dividend. The stock’s dividend yield stands at 5.45%. W. P. Carey Inc. (NYSE:WPC) has increased its dividend at a CAGR of 7.01% in the past 10 years, which makes it one of the best dividend stocks in Paul Tudor’s portfolio.
In January, BofA upgraded W. P. Carey Inc. (NYSE:WPC) to Neutral from Underperform, noting that analysts should focus more on REITs’ growing dividends. In Q3 2021, the company accounted for 0.32% of Tudor Investment Corp’s portfolio, as the hedge fund increased its position in W. P. Carey Inc. (NYSE:WPC) by 294% during the quarter.
Millennium Management held a stake worth $45.5 million in W. P. Carey Inc. (NYSE:WPC), becoming its largest shareholder in Q3. Along with this, 24 hedge funds tracked by Insider Monkey reported owning stakes in the company in Q3, down from 29 in the previous quarter. The total value of these stakes is over $142.7 million.
1. Riley Financial, Inc. (NASDAQ:RILY)
Number of Hedge Fund Holders: 24
Dividend Yield as of February 3: 6.56%
Tudor Investment Corp’s Stake Value: $20,654,000
Riley Financial, Inc. (NASDAQ:RILY) is an American company that provides financial solutions to its consumers. On October 28, 2021, the company raised its quarterly dividend by 100% to $1.00 per share. It also offered a special dividend of $3 per share, taking the total to $10 per share paid in special dividends in 2021. The stock’s dividend yield stands at 6.56%.
In Q3 2021, Tudor Investment Corp held shares worth over $20.6 million in B. Riley Financial, Inc. (NASDAQ:RILY), which represented 0.33% of its 13F portfolio.
In Q3 2021, 24 hedge funds tracked by Insider Monkey reported held stakes in B. Riley Financial, Inc. (NASDAQ:RILY), the same as in the previous quarter. The total value of these stakes is over $109.5 million.
You can also take a look at 10 Best Dividend Stocks Under $20 and Top 15 Dividend Stocks With Upside Potential
