5 Dividend Stocks to Buy According to Kenneth Tropin’s Graham Capital Management

In this article, we discuss 5 dividend stocks to buy according to Kenneth Tropin’s Graham Capital Management. If you want to read our detailed analysis of the hedge fund’s past performance and Tropin’s investment strategies, go directly to read 10 Dividend Stocks to Buy According to Kenneth Tropin’s Graham Capital Management. 

5. Citigroup Inc. (NYSE:C)

Dividend Yield as of June 22: 4.31%
Graham Capital Management’s Stake Value: $18,907,000

Citigroup Inc. (NYSE:C) is an American investment banking company that also provides financial services to consumers. In May, the company’s delinquency rate decreased to 0.78%, compared with 0.82% in April. However, its net charge-off rate was recorded at 1.39% in May, up from 1.36% in April.

During Q1 2022, Graham Capital sold off 266,313 C shares, worth over $18.5 million, trimming its position in the company by 43%. At the end of March, the hedge fund owned a stake worth nearly $19 million in the company, which represented 0.65% of Kenneth Tropin’s portfolio.

On April 1, Citigroup Inc. (NYSE:C) announced a quarterly dividend of $0.51 per share, in line with its previous dividend. In Q1, the company returned over $4 billion to shareholders through buybacks and dividends. The stock’s dividend yield stood at 4.31%, as of June 22.

Warren Buffett’s Berkshire Hathaway opened its position in Citigroup Inc. (NYSE:C) during Q1 2022, with shares worth nearly $3 billion, becoming the company’s leading shareholder. In addition to this, 88 hedge funds tracked by Insider Monkey owned stakes in the New York-based company, down from 97 in the previous quarter. The consolidated value of these stakes is over $8 billion.