5 Best Dividend Stocks to Buy According to Billionaire Ray Dalio

2. Chimera Investment Corporation (NYSE: CIM)

Dalio’s Stake Value: $131,000
Percentage of Ray Dalio’s 13F Portfolio: 0.001%
Dividend Yield: 9.13%
Number of Hedge Fund Holders: 15

Chimera Investment Corporation (NYSE: CIM) is a real estate investment trust in the United States. It was incorporated in 2007 and is placed second on our list of 10 best dividend stocks to buy according to billionaire Ray Dalio. CIM stock has offered investors returns exceeding 36% in the past year.

On May 5, Chimera posted a quarterly dividend of $0.33 per share, which was 10% higher than its previous dividend of $0.30. Chimera also reported Q1 2021 EPS of $0.36 compared to $0.29 in Q4 2020. Revenue during the period was $135.06 million, higher than its estimated revenue by $16 million. 

Bridgewater Associates holds 10,286 shares in the company, worth $131,000. At the end of the first quarter of 2021, 15 hedge funds in the database of Insider Monkey held stakes worth $78 million in Chimera Investment Corporation (NYSE: CIM), down from 16 the preceding quarter worth $79 million.