5 Best Dividend Stocks to Buy According to Billionaire Paul Tudor Jones

3. National Presto Industries, Inc. (NASDAQ: NPK)

Dividend Yield: 11.86%
Value: $296,000
Percent of Paul Tudor Jones’ 13F Portfolio: 0.0084%
No. of hedge Fund Holders: 9

National Presto Industries, Inc. (NASDAQ: NPK) produces small home-use cooking appliances. Originally it used to manufacture pressure canners. It operates mainly for the US Department of Defense. NPK ranks 3rd in the list of best dividend stocks to buy according to billionaire Paul Tudor Jones.

National Presto Industries, Inc. (NASDAQ: NPK) stock has generated a return of 24.50% in last one year. The company first changed its name to National Pressure Cooker Company in 1905 from Northwestern Steel and Iron Works. Later it changed its name to National Presto Industries in 1953.

Recently the company acquired OneEvent Technologies for $6.5 million. One of the products of OneEvent is monitoring home activity. As per a recent research the home security market will grow at CAGR of 20.6% by 2024. National Presto Industries can benefit from this segment by tapping the potential market in this segment.