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

2. Apple Inc. (NASDAQ:AAPL)

Millennium Management’s Stake Value: $364,843,000

Millennium Management started investing in Apple Inc. (NASDAQ:AAPL) in 2010, purchasing shares worth over $41.3 million. In Q2 2022, the hedge fund owned over 2.6 million stakes in the tech company, worth $365 million. The company accounted for 0.22% of Israel Englander’s portfolio.

On July 28, Apple Inc. (NASDAQ:AAPL) declared a quarterly dividend of $0.23 per share, in line with its previous dividend. The company has maintained a 9-year track record of consistent dividend growth. As of August 26, the stock’s dividend yield came in at 0.56%.

As of the close of Q2 2022, 128 hedge funds tracked by Insider Monkey owned stakes in Apple Inc. (NASDAQ:AAPL), compared with 131 in the previous quarter. The combined value of those stakes was over $143 billion.