In this article we discuss the 5 best dividend stocks for Roth IRA. We picked these dividend stocks based on billionaire Ken Fisher’s Q1 portfolio. If you want to read our detailed analysis of Ken Fisher’s history and hedge fund performance, go directly to the 10 Best Dividend Stocks for Roth IRA.
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5. BHP Group (NYSE: BHP)
Number of Hedge Fund Holders: 18
The mining company BHP Group (NYSE: BHP) is a famous stock among dividend investors amid its high dividend yield of 5.45%. Ken Fisher raised its position in BHP Group by 2% to 7.98 million shares at the end of the first quarter, accounting for 0.39% of the overall portfolio. In addition to cash returns in the form of dividends, investors also benefited from its share price surge of 58% in the last twelve months.
BHP Group saw a decrease in hedge funds interest recently. It was in 18 hedge funds’ portfolios at the end of the March quarter, compared to 20 positions in the previous quarter.