5 Best Dividend Stocks to Buy According to Billionaire Ken Griffin

2. Mastercard Incorporated (NYSE: MA)

Griffin’s Stake Value: $392,000,000
Percentage of Ken Griffin’s 13F Portfolio: 0.1%
Dividend Yield: 0.48%
Number of Hedge Fund Holders: 151

Mastercard Incorporated (NYSE: MA) ranks 2nd on the 10 best dividend stocks to buy according to billionaire Ken Griffin. The New York-based payment-processing network offers financial services to consumers, small and medium-sized businesses, government and public sectors, large-scale enterprises, banks, and other unions. The company currently provides an annual dividend of $1.76 per share with a 0.48% dividend yield. MA stock has offered more than 20% returns to investors in the past twelve months.

One of the earliest fintech corporations to hop on the bitcoin bandwagon was Mastercard Incorporated. In April 2021, Gemini, a cryptocurrency exchange platform based in New York, named Mastercard Incorporated (NYSE: MA) as its sole network partner for its Gemini credit card. Cardholders can earn up to 3% back on qualified bitcoin transactions.

The company has a market cap of $361 billion. The company’s net revenue in the first quarter of 2021 came in at $4.2 billion, up from $4 billion in the same quarter in 2020. The company posted a net income of $1.8 billion, or $1.83 diluted earnings per share. As of June 16, Mastercard Incorporated (NYSE: MA) shares trade at $363.82 and have a P/E ratio of 55.82. The 52-week price range of MA is $281.20 – $401.50. On June 7, Barclays maintained an Overweight rating on Mastercard Incorporated, with a price target of $452 per share. 

Ken Griffin’s Citadel Investment Group holds 1,101,599 shares in the company worth over $392 million. The hedge fund has upped its stakes in Mastercard Incorporated (NYSE: MA) by 74% in the past few months. There were 151 hedge funds that reported owning stakes in Mastercard Incorporated (NYSE: MA) at the end of the first quarter, down from 154 funds a quarter earlier. The total value of these stakes at the end of Q1 is $17.1 billion. Warren Buffett’s Berkshire Hathaway is a leading shareholder in Bank of America Corporation (NYSE: BAC) with 1,010,100,606 shares worth more than $39 billion.

Like Apple Inc. (NASDAQ: AAPL), NVIDIA Corporation (NASDAQ: NVDA), and Comcast Corporation (NASDAQ: CMCSA), Mastercard Incorporated (NYSE: MA) is one of the best dividend stocks to buy according to billionaire Ken Griffin.