5 Dividend Stocks to Buy According to Billionaire Michael Price’s MFP Investors

4. Popular, Inc. (NASDAQ:BPOP)

MFP Investors LLC’s Stake Value: $24,334,000

Percentage of MFP Investors LLC’s 13F Portfolio: 2.81%

Stock Price as of December 8: $79.76

Popular, Inc. (NASDAQ:BPOP) is a financial services conglomerate operating in Puerto Rico for over 125 years through its 170-plus branches and in the US mainland for over five decades through its 35 branches spread across New Jersey, New York, and Southern Florida.

The bank declared a quarterly dividend of 45 cents on November 16. This gives Popular, Inc. (NASDAQ:BPOP) stock a forward dividend yield of over 2.2%.

MFP Investors LLC initiated a position in the stock in Q1 2014 with 153,700 shares. Since Q1 2020, the hedge fund has been holding 313,296 shares of Popular Inc, and there has been no change in holdings as of Q3 2021. At that time, the average stock price was $49.51, which has increased by over 61% to the current level.