5 Dividend Stocks to Buy According to Billionaire Jim Simons’ Hedge Fund

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In this article, we discuss the 5 dividend stocks to buy according to billionaire Jim Simons’ hedge fund. If you want our detailed analysis of these stocks, go directly to the 10 Dividend Stocks to Buy According to Billionaire Jim Simons’ Hedge Fund

5. QIWI plc (NASDAQ:QIWI)

Renaissance Technologies’ Stake Value: $8,986,000

Percentage of Renaissance Technologies’ 13F Portfolio: 0.01%

Number of Hedge Fund Holders: 6

Dividend Yield on December 16: 14.54%

QIWI plc (NASDAQ:QIWI), a Russian payment and financial services provider, made it to our list of the top dividend stocks to buy according to Jim Simons’ Renaissance Technologies, offering a forward yield of 14.54%. Renaissance Technologies holds an $8.98 million stake in QIWI plc (NASDAQ:QIWI), which accounts for 0.01% of the fund’s Q3 portfolio. QIWI plc (NASDAQ:QIWI) serves customers in Russia and the CIS countries via an elaborate financial ecosystem including the QIWI payment system, QIWI Bank, CONTACT money transfer system, Factoring PLUS, Flocktory, and QPlatform.

On November 23, QIWI plc (NASDAQ:QIWI) posted earnings for the third quarter. EPS in the period totaled $0.58, exceeding estimates by $0.13. Revenue for the period equaled $86.31 million, outperforming estimates by $2.01 million. 

QIWI plc (NASDAQ:QIWI) also declared a $0.30 per share quarterly dividend on November 23, payable on December 8 to shareholders of record on December 6. 

One of the leading QIWI plc (NASDAQ:QIWI) stakeholders as of the third quarter is Israel Englander’s Millennium Management, increasing its stake in the company by 253%. Overall, 6 hedge funds reported owning stakes in QIWI plc (NASDAQ:QIWI) in Q3, amounting to $14.1 million. 

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