5 Reliable Dividend Stocks Billionaires Are Loading Up On

4. Mastercard Incorporated (NYSE:MA)

Number of Billionaire Investors: 20
Number of Hedge Fund Holders: 138

Mastercard Incorporated (NYSE:MA) is one of the most reliable dividend stocks with 20 billionaires in our database having investments in it as of Q1. Street analysts also gave a positive outlook on the stock following its quarterly earnings. In May, Tigress Financial raised its price target on MA to $476 and kept a Strong Buy rating on the shares, adding the stock to its Research Focus List.

Mastercard Incorporated (NYSE:MA) has been raising its dividends consistently for the past 10 years. It currently offers a quarterly dividend of $0.57 per share and has a dividend yield of 0.61%, as of June 2. During the first quarter of 2023, the company returned over $545 million to shareholders in dividends.

At the end of Q1 2023, 138 hedge funds tracked by Insider Monkey owned investments in Mastercard Incorporated (NYSE:MA), down slightly from 139 in the previous quarter. The stakes owned by these hedge funds have a collective value of over $14.22 billion. Billionaire Andreas Halvorsen’s Viking Global was one of the leading stakeholders of the company in Q1.

Oakmark Funds mentioned Mastercard Incorporated (NYSE:MA) in its Q1 2023 investor letter. Here is what the firm has to say:

“A brief discussion of Mastercard Incorporated (NYSE:MA) is also appropriate given we have held this company for nearly 13 years. It’s the 13th-largest contributor to performance for the Fund in our nearly 24-year history, but the largest in total dollars and percentage terms at nearly 1760%. While a terrific company, there were better priced alternatives in the quarter, so we sold our position. Our history with Mastercard fits the adage that all good things must come to an end.”