5 Best Dividend Stocks To Buy According To Billionaire Ken Fisher

3. TOTAL S.A. (NYSE:TOT) 

Fisher Asset Management slashed its TOTAL S.A. (NYSE:TOT) holding by 21% during Q3, selling off over 4.45 million shares. It nonetheless maintained a large position of over 16.16 million shares of the energy company, which pays out a quarterly dividend that currently yields 7.85% annually. Hedge funds jumped back into TOT during Q2, with a 58% surge in ownership of the stock among the funds tracked by Insider Monkey.

While energy companies’ profitability has been dinged during the pandemic, Total CEO Patrick Pouyanne stated in July that TOT’s dividend is sustainable even with Brent trading as low as $40 per barrel; it’s currently close to $43. That said, don’t expect much dividend growth over the long term.