5 Best Dividend Stocks to Buy According to Kahn Brothers

In this article, we discuss the 5 best dividend stocks to buy according to Kahn Brothers. If you want to read our detailed analysis of the hedge fund’s investment philosophy, go directly to read 10 Best Dividend Stocks to Buy According to Kahn Brothers. 

5. BP p.l.c. (NYSE:BP)

Number of Hedge Fund Holders: 26
Kahn Brothers’ Stake Value: $59,674,000
Dividend Yield as of February 22: 4.17%

BP p.l.c. (NYSE:BP), a British oil and gas company, was the fifth-largest holding of Kahn Brothers in Q4. The hedge fund held over 2.2 million shares in the company, valued at roughly $60 million. The company represented 8.19% of the fund’s 13F portfolio.

BP p.l.c. (NYSE:BP) currently pays a quarterly dividend of $0.3276 per share, growing it by 4% in 2021. The stock’s current dividend yield is 4.17%, as recorded on February 22. Appreciating the company’s strong Q4 results, in February, JPMorgan raised its price target on BP p.l.c. (NYSE:BP) to 600 GBP, while maintaining an Overweight rating on the shares.

At the end of Q4 2021, 26 hedge funds tracked by Insider Monkey reported owning stakes in BP p.l.c. (NYSE:BP), down from 29 in the previous quarter. The total value of these stakes is over $1.2 billion.