5 Dividend Stocks to Buy According to Billionaire Paul Tudor Jones’ Tudor Investment Corp

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

Number of Hedge Fund Holders: 71
Dividend Yield as of September 8: 2.65%

The Procter & Gamble Company (NYSE:PG) is an Ohio-based multinational company that specializes in consumer products. In August, Barclays maintained its Overweight rating on the stock with a $154 price target, appreciating the company’s recent quarterly earnings. The firm also appreciated the company’s business model in this current market cycle.

The Procter & Gamble Company (NYSE:PG) was one of the latest holdings of Tudor Investments. The hedge fund opened its position in the company with 81,324 shares, worth nearly $11.7 million. The company represented 0.3% of billionaire Paul Tudor Jones’ portfolio in Q2.

The Procter & Gamble Company (NYSE:PG) holds one of the longest dividend-paying histories in the US stock market. The company has been making consecutive dividend payments for the past 132 years while maintaining a 66-year track record of dividend growth. It currently pays a quarterly dividend of $0.9133 per share, with a dividend yield of 2.65%, as of September 8.

At the end of June 2022, 71 hedge funds tracked by Insider Monkey owned stakes in The Procter & Gamble Company (NYSE:PG), worth over $5.5 billion. In comparison, 72 hedge funds had investments in the consumer goods company in the previous quarter, with a total value of over $6 billion.