In this article, we discuss the 5 best dividend stocks to buy now according to billionaire Richard Chilton. If you want to read our detailed analysis of Chilton’s history and hedge fund performance, go directly to the 10 Best Dividend Stocks to Buy Now According to Billionaire Richard Chilton.
At Insider Monkey we leave no stone unturned when looking for the next great investment idea. For example, lithium mining is one of the fastest growing industries right now, so we are checking out stock pitches like this emerging lithium stock. We go through lists like the 10 best hydrogen fuel cell stocks to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our homepage. Keeping this in mind, let’s take a look at billionaire Chilton’s top dividend picks:
5. Exxon Mobil Corporation (NYSE: XOM)
Chilton’s Stake Value: $297,000
Percentage of Richard Chilton’s 13F Portfolio: 0.001%
Dividend Yield: 5.6%
Number of Hedge Fund Holders: 65
Exxon Mobil Corporation (NYSE: XOM) surveys and produces crude oil and natural gas and supplies it globally. It was incorporated in 1870 and is fifth on our list of 10 best dividend stocks to buy according to billionaire Richard Chilton. The company stock has offered investors more than 32% in returns over the course of the past twelve months.
In April, Exxon Mobil Corporation declared a Q1 dividend of $0.87 per share, which was in line with the previous quarter’s dividend payout. The forward yield is 5.55%. In May, DZ Bank upgraded the stock to “Buy” from “Hold” and raised the price target to $67.00 from $58.00.
There were 65 hedge funds in our database that held stakes in Exxon Mobil Corporation at the end of Q1 2021, compared to 63 funds in Q4 2020. First Eagle Investment Management is the most significant stakeholder in Exxon Mobil, with 25.9 million shares worth $1.45 billion.
Harding Loevner, in their Q1 2021 investor letter, mentioned Exxon Mobil Corporation (NYSE: XOM). Here is what the fund said:
“We felt that our remaining energy holding, ExxonMobil, with its stronger balance sheet, was in a better position to ride out the cyclical slump in oil demand and even perhaps take advantage of it by investing counter-cyclically. While ExxonMobil does plan to increase capital expenditure, we’ve been disappointed in its regrettable failure to address ongoing emission trends, which reflects poorly on management’s foresight. As a result, we sold our ExxonMobil holdings.”
