5 Best Dividend Stocks to Buy According to Billionaire Louis Bacon

In this article, we discuss the 5 best dividend stocks to buy now according to billionaire Louis Bacon. If you want to skip our detailed analysis of Bacon’s history and hedge fund performance, go directly to the 10 Best Dividend Stocks to Buy Now According to Billionaire Louis Bacon. 

5. The Interpublic Group of Companies, Inc. (NYSE: IPG) 

Bacon’s Stake Value: $6,169,000
Percentage of Louis Bacon’s 13F Portfolio: 0.07%
Dividend Yield: 3.22%
Number of Hedge Fund Holders: 29

The Interpublic Group of Companies, Inc. (NYSE: IPG) provides publicity and broadcasting services globally. It was founded in 1902 and is ranked fifth on our list of 10 best dividend stocks to buy according to billionaire Louis Bacon. The Interpublic Group of Companies currently has a $13.44 billion market capitalization and was able to deliver a 97.69% return in the past 12 months.

Like Facebook, Inc. (NASDAQ: FB), Microsoft Corporation (NASDAQ: MSFT) and Amazon.com, Inc. (NASDAQ: AMZN), The Interpublic Group of Companies is a notable stock in Bacon’s Q1 portfolio. The Interpublic Group of Companies posted earnings for the first quarter of 2021 on April 28, reporting earnings per share of $0.45, missing market predictions by $0.31. 

The company announced a Q1 dividend of $0.27 per share, which was in line with the previous quarter’s dividend payout. Moore Capital Investments holds 211,259 shares in the firm worth over $6.17 million. At the end of the first quarter of 2021, 29 hedge funds in the database of Insider Monkey held stakes worth $709.19 million in the firm, down from 38 the preceding quarter worth $581.60 million.