5 Best Dividend Stocks To Buy According To Billionaire Ken Fisher

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Below we present the list of 5 Best Dividend Stocks To Buy According To Billionaire Ken Fisher. For more background and the full list, please see 10 Best Dividend Stocks To Buy According To Billionaire Ken Fisher.

  1. BHP Group Ltd (NYSE:BHP)

In addition to BHL, Fisher Asset also owns a large stake in BHP Group Ltd (NYSE:BHP) consisting of 7.66 million shares on September 30. BHP is one of several mining companies that the firm bought during the second quarter of 2018 and has held on to it since, even as other hedge funds have been bailing on BHP in 2020, BHP ownership being down 33% among the funds tracked by Insider Monkey.

BHP’s semi-annual dividends have been greatly increased since 2016, when the company was forced to slash its dividend for the first time in 15 years following a huge decline in profit. BHP shares currently have a dividend yield of just over 4%, but with the company’s profit sliding over the past few years and its dividend payout ratio pushing above 0.9, it may not be able to sustain its current dividend for much longer.

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