5 Best Dividend Stocks To Buy According To Billionaire Ken Fisher

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  1. Rio Tinto Group (NYSE:RIO)
  2. Billionaire Ken Fisher’s largest position in a high-yield dividend stock goes to Rio Tinto Group (NYSE:RIO), a mining company still looking for a new leader after former CEO Jean-Sebastien Jacques was ousted earlier this year following a shareholder revolt. Fisher Asset Management owns 11.79 million shares of RIO as of September 30 valued at over $712 million.

    Rio Tinto’s semi-annual dividend will be paid out next in April 2021 and currently provides a yield of 6.18%. Rio Tinto has one of the strongest balance sheets in its industry, which has allowed it to raise its dividend payments by an average of 29% annually over the past three years.

    If you want to check out the latest and greatest stock picks from billionaire investor Ken Fisher, don’t miss out on the Top 10 New Stocks Billionaire Ken Fisher Just Bought.

    Disclosure: None.

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