5 Best Dividend Stocks to Buy According to Billionaire James Dinan

3. McDonald’s Corporation (NYSE: MCD)

Dinan’s Stake Value: $2,751,000
Percentage of James Dinan’s 13F Portfolio: 0.39%
Dividend Yield: 2.22%
Number of Hedge Fund Holders: 62

McDonald’s Corporation (NYSE: MCD) is a U.S beverage and restaurant company that operates McDonald’s restaurants across the U.S and worldwide. It is ranked third on our list of 10 best dividend stocks to buy according to billionaire James Dinan. The company has announced plans to increase salary of its workers at 650 of its stores in the U.S.

The company declared a $1.29 per share quarterly dividend, in line with the previous. In March, Brian Mullan from Deutsche Bank upgraded the stock to “Buy” from “Hold.”