5 Dividend Stocks to Buy According to Bruce Kovner’s Caxton Associates LP

In this article, we discuss 5 dividend stocks to buy according to Caxton Associates LP. If you want to read our detailed analysis of the hedge fund’s performance and investment strategy, go directly to read 10 Dividend Stocks to Buy According to Bruce Kovner’s Caxton Associates LP. 

5. Telephone and Data Systems, Inc. (NYSE:TDS)

Caxton Associates’ Stake Value: $1,783,000

Telephone and Data Systems, Inc. (NYSE:TDS) is a multinational telecommunications company based in Chicago that provides wireless and broadband services to its consumers. The company is one of the recent holdings of Caxton Associates. The hedge fund opened its position in the company with 112,923 shares, valued at over $1.78 million. The company made up 0.17% of the firm’s portfolio in Q2.

On August 11, Telephone and Data Systems, Inc. (NYSE:TDS) declared a quarterly dividend of $0.11 per share, consistent with its previous dividend. In 2022, the company extended its dividend growth streak to 47 years and its 5-year dividend CAGR stands at 3.22%. As of September 2, the stock’s dividend yield came in at 4.39%.

The number of hedge funds tracked by Insider Monkey owning stakes in Telephone and Data Systems, Inc. (NYSE:TDS) jumped to 16 in Q2 2022, from 12 in the previous quarter. These stakes hold a collective value of nearly $63.6 million. GAMCO Investors was the company’s leading stakeholder in Q2, owning stakes worth over $27 million.