5 Dividend Stocks to Buy According to Donald Yacktman’s Hedge Fund

4. Philip Morris International Inc. (NYSE:PM)

Number of Hedge Fund Holders: 48
Dividend Yield: 5.51%    

Philip Morris International Inc. (NYSE:PM), a multinational cigarette and tobacco manufacturing company, pays an annual dividend of $5.00 per share, with a dividend yield of 5.51%. The company has been increasing its dividend for the past 13 years, making it one of the best dividend stocks to buy according to Donald Yacktman’s hedge fund.

At the end of Q3 2021, 48 hedge funds tracked by Insider Monkey were bullish on Philip Morris International Inc. (NYSE:PM), compared with 46 in the previous quarter. The total value of these stakes is roughly $6 billion.

Philip Morris International Inc. (NYSE:PM) announced its Q3 results on October 19 and posted an EPS of $1.58, beating the consensus by $0.02. The company showed confidence in its growth targets set for 2021 to 2023, despite device constraints that could continue in the first half of 2022. In the past year, Philip Morris International Inc. (NYSE:PM) delivered an 18.2% return to shareholders.