5 Dividend Stocks to Buy According to Billionaire Cliff Asness

In this article, we discuss 5 dividend stocks to buy according to billionaire Cliff Asness. If you want to read our detailed analysis of AQR Capital’s performance and its investment strategy, as well as the risk/reward and methodology of this list, go directly and read 10 Dividend Stocks to Buy According to Billionaire Cliff Asness.

5. The Procter & Gamble Company (NYSE:PG)

AQR Capital’s Stake Value: $375,559,000
Percent of AQR Capital’s 13F Portfolio: 0.84%
Dividend Yield as of September 12: 2.59%
Number of Hedge Fund Holders: 71

The Procter & Gamble Company (NYSE:PG) is an American multinational consumer goods company that specializes in a wide range of personal care and hygiene products. The company is one of the oldest holdings of AQR Capital, as the hedge fund has been investing in it since 2010. In Q2 2022, the fund owned over 2.6 million PG shares, worth $375.5 million. The company represented 0.84% of billionaire Cliff Asness’ portfolio.

On July 12, The Procter & Gamble Company (NYSE:PG) declared a quarterly dividend of $0.9133 per share, with a dividend yield of 2.59%, as of September 12. The company holds one of the longest dividend growth track records in the market, raising its payouts for consecutive 66 years. In addition to this, it has been making uninterrupted dividend payments for the past 132 years.

Following the company recent quarterly earnings, Barclays reiterated its Overweight rating on The Procter & Gamble Company (NYSE:PG) in August, with a $154 price target. In the same month, Truist also maintained its Buy rating on the stock.

At the end of June 2022, 71 hedge funds tracked by Insider Monkey owned stakes in The Procter & Gamble Company (NYSE:PG), down from 72 in the previous quarter. The stakes owned by hedge funds hold a collective value of over $5.5 billion. With stakes worth over $970 million, Bridgewater Associates was the company’s leading stakeholder in Q2.