5 Best Dividend Stocks To Buy According To Billionaire Ken Fisher

2. GlaxoSmithKline plc (NYSE:GSK)

Fisher Asset Management owned 16.22 million shares of GlaxoSmithKline plc (NYSE:GSK) at the end of Q3, valued at over $610 million on September 30. The firm has been a longtime shareholder of the stock, dating all the way back to the first quarter of 2000.

GSK pays out one of the best dividends in the healthcare industry, allowing high-dividend investors to add some diversity to their portfolios. The stock currently yields 5.27% and looks very sustainable going forward. GSK’s dividend payments have not experienced much growth over the past five years though, so investors shouldn’t expect ongoing hikes.

While GSK has a strong dividend, Sio Capital’s Michael Castor said the company’s drug pipeline is far less impressive during an April interview with Insider Monkey’s research director Inan Dogan, particularly in light of its massive R&D budget.