5 Best Dividend Stocks to Buy According to Israel Englander’s Millennium Management

In this article, we discuss the 5 best dividend stocks to buy according to Israel Englander’s Millennium Management. If you want to read our detailed analysis of the hedge fund’s returns and its investment strategy, go directly to the 10 Best Dividend Stocks to Buy According to Israel Englander’s Millennium Management. 

5. Microsoft Corporation (NASDAQ:MSFT)

Millennium Management’s Stake Value: $280,863,000

Microsoft Corporation (NASDAQ:MSFT) has been in Millennium Management’s portfolio since 2010. In Q2 2022, the hedge fund owned over 1 million shares in the company with a total value of $281 million. The fund increased its MSFT stake by 13% during the quarter. The company represented 0.17% of Israel Englander’s portfolio.

Microsoft Corporation (NASDAQ:MSFT) currently pays a quarterly dividend of $0.62 per share, with the stock having a yield of 0.92%, as of August 26. The company maintains a 15-year streak of dividend growth.

Of the 895 elite funds tracked by Insider Monkey that filed 13Fs for Q2, 258 owned stakes in Microsoft Corporation (NASDAQ:MSFT) on June 30, down from 259 in the previous quarter. The collective value of these stakes was over $56 billion. Fisher Asset Management owned a position worth over $7.3 billion in the company, becoming its largest stakeholder in Q2.

Carillon Tower Advisers mentioned Microsoft Corporation (NASDAQ:MSFT) in its Q1 2022 investor letter. Here is what the firm had to say:

“Stock selection contributed the most while sector allocation was also positive. An underweight to communication services and an overweight to energy helped performance, while an underweight to consumer staples and an overweight to materials detracted. Stock selection was strong within healthcare and materials but was weak within information technology and industrials. Microsoft (NASDAQ:MSFT) reported positive results driven by personal computing strength, but analysts were especially positive on its growth outlook for its Azure cloud-computing services.”