5 Best Dividend Stocks to Buy According to Billionaire Michael Price

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

5. Dow Inc. (NYSE: DOW)

Price’s Stake Value: $1,292,000
Percent of Michael Price’s 13F Portfolio: 0.15%
Dividend Yield: 4.12%
Number of Hedge Fund Holders: 41

Dow Inc. (NYSE: DOW) manufactures basic material solutions for different industries across the world. It has operations in the US, Canada, Europe, Africa, Middle East, India, and Latin America. This Michigan-based company reported a net income of $1.0 billion in Q1 of 2021. Moreover, net sales for the company rose by 11% to $11.9 billion representing a 22% year-over-year increase with all segments of the company performing exceedingly well. The EPS amounted to $1.32 compared to $0.59 per share in the same period of the previous year.

The company’s strong financial performance is reflected in its share prices which have gained over 23% in the past 6 months. Dow Inc. (NYSE: DOW) announced a quarterly cash dividend of $0.70 per share which was paid on June 11, 2021. With a dividend yield of 4.12%, DOW ranks fifth in the list of the 10 best dividend stocks to buy according to billionaire Michael Price.