5 Dividend Stocks to Buy According to Billionaire Carl Icahn’s Icahn Capital LP

2. Xerox Holdings Corporation (NASDAQ:XRX)

Icahn’s Capital Stake Value: $508,543,000
Dividend Yield as of September 8: 6.25%

Xerox Holdings Corporation (NASDAQ:XRX) is a Connecticut-based corporation that specializes in print and digital document products and provides related services in 160 countries.

In Q2 2022, Icahn Capital raised its position in Xerox Holdings Corporation (NASDAQ:XRX) by 7%, which takes its total stake in the company to over $508.5 million. The company accounted for 2.43% of the hedge fund’s portfolio.

Xerox Holdings Corporation (NASDAQ:XRX) has been making consecutive dividend payments for the past 15 years. Currently, the company pays a quarterly dividend of $0.25 per share, and as of September 8, the stock’s dividend yield came in at 6.25%.

In July, JPMorgan maintained its Underweight rating on Xerox Holdings Corporation (NASDAQ:XRX) but expects the company to show resilience in its cloud and cable services.

Citadel Investment Group owned over $13.6 million worth of stakes in Xerox Holdings Corporation (NASDAQ:XRX), becoming one of the major stakeholders of the company in Q2. Overall, 29 hedge funds tracked by Insider Monkey owned stakes in the company in the second quarter, up from 25 in the previous quarter. These stakes have a consolidated value of roughly $620 million.