5 Best Dividend Stocks to Buy Now According to Billionaire Cliff Asness

3. Fanhua Inc. (NASDAQ: FANH)

Asness’ Stake Value: $890,000
Percentage of Cliff Asness’ 13F Portfolio: 0.001%
Dividend Yield: 9.73%
No. of Hedge Fund Holders: 8

Fanhua Inc. (NASDAQ: FANH) is an insurance company that sells insurance products in the Chinese market. The company revealed in its Q1 2021 report that it had 4,730 claims in the period, representing a 61% year-over-year increase. The total cost of the insurance claims was 142,168,300 yuan, which represents a 50% year-over-year increase. Illness and death benefits, medical payments, and major illness benefits were the three top categories. FANH ranks 3rd in the list of best dividend stocks to buy now according to Cliff Asness.

The company declared a quarterly dividend of $0.25 per share in March 2021.