In this article we discuss the 5 best dividend stocks according to billionaire Dan Loeb. If you want to read our detailed analysis of Loeb’s history and hedge fund performance, go directly to the 10 Best Safe Dividend Stocks According to Billionaire Dan Loeb.
5. TE Connectivity Ltd. (NYSE: TEL)
Loeb’s Stake Value: $187,658,000
Percent of Dan Loeb’s 13F Portfolio: 1.44%
Number of Hedge Fund Holders: 39
Dividend Yield: 1.48%
TE Connectivity Ltd. (NYSE: TEL) designs and manufactures connectivity and sensor products for harsh environments in various industries, including automotive.
TE Connectivity recently beat Q2 Non-GAAP EPS by $0.09. Revenue of $3.7 billion was up 16% year over year.
TE Connectivity Ltd. (NYSE: TEL) wholly-owned subsidiary Tyco Electronic Group priced an offering of 550M Euros at 99.101%. Net proceeds are expected to be used for general corporate purposes.
Hedge fund Harris Associates owns 13.16 million shares of TE Connectivity.