5 High-Yield Dividend Stocks to Buy According to Ken Fisher

4. Rio Tinto Group (NYSE:RIO)

Number of Hedge Fund Holders: 21 

Forward Dividend Yield: 9.73%   

Rio Tinto Group (NYSE:RIO) is a diversified metals and mining company. It is placed fourth on our list of the top high-yield dividend picks of Ken Fisher. Some of the materials the company has interests in include aluminum, copper, diamonds, gold, iron ore, and uranium, among others. The firm beat market expectations on earnings per share and revenue in the first half of the year. 

According to the latest data, Fisher Asset Management owned more than 12.9 million shares in Rio Tinto Group (NYSE:RIO) at the end of the second quarter of 2021 worth $1 billion, representing 0.68% of the portfolio of the fund. 

Among the hedge funds being tracked by Insider Monkey, Boston-based investment firm Arrowstreet Capital is a leading shareholder in Rio Tinto Group (NYSE:RIO) with 1.8 million shares worth more than $156 million.