5 Dividend Stocks to Buy According to Matthew Barrett’s Glendon Capital Management

4. Edison International (NYSE:EIX)

Number of Hedge Fund Holders: 25
Dividend Yield as of March 1: 4.42%
Glendon Capital’s Stake Value: $24,647,000

Edison International (NYSE:EIX) is an American public utility company. This January, Mizuho presented a positive outlook on the company and lifted its price target on the stock to $82, while maintaining a Buy rating on the shares.

Edison International (NYSE:EIX) has been growing its dividend consistently for the past 17 years, raising it by 7.5% in the last ten years. In December 2021, the company hiked its quarterly dividend by 6% at $0.70 per share. The stock’s dividend yield stood at 4.42%, as of March 1. In Q4 2021, Glendon Capital held a stake worth over $24.6 million in Edison International (NYSE:EIX), which represented 1.29% of Matthew Barrett’s portfolio.

By the end of Q4 2021, 25 hedge funds tracked by Insider Monkey held stakes in Edison International (NYSE:EIX), valued at over $1.3 billion. With shares worth over $1 billion, Pzena Investment Management was the company’s largest stakeholder in Q4.