5 Favorite Dividend Stocks of Hedge Funds

In this article, we discuss 5 favorite dividend stocks of hedge funds. If you want to check out our detailed analysis of dividend paying stocks, go to 10 Favorite Dividend Stocks of Hedge Funds. 

5. JPMorgan Chase & Co. (NYSE:JPM)

Number of Hedge Fund Holders: 110

Number 5 on the list of 10 favorite dividend stocks of hedge funds is JPMorgan Chase & Co. (NYSE:JPM). It is the largest financial company/bank in the US with $3.31 trillion worth of assets under management. It provides services in asset management, wealth management and commercial banking. Fisher Asset Management is the biggest investor among the 110 hedge funds invested in the company as of the first quarter of 2022. 

On May 24, Societe Generale analyst Andrew Lim upgraded JPMorgan to ‘Buy’ from ‘Hold’ rating and set a price target of $150, up from $145.

When it comes to dividends, JPMorgan Chase & Co. (NYSE:JPM) has a dividend yield of 3.12% as of June 8. The cash amount JPM has been paying to its shareholders in dividends has consecutively increased over 11 years. The next dividend per share of $1 is scheduled for payment on July 31.

In their Q4, 2021 investor letter, ClearBridge Investments discussed JPMorgan Chase & Co. (NYSE:JPM). Here is what they said:

“Our energy and financials holdings kept pace in the 2021 rally.  In financials, JPMorgan benefited from strong economic growth, a rise in Treasury yields, and a benign credit environment.”