5 Reliable Dividend Stocks Billionaires Are Loading Up On

2. UnitedHealth Group Incorporated (NYSE:UNH)

Number of Billionaire Investors: 25
Number of Hedge Fund Holders: 116

UnitedHealth Group Incorporated (NYSE:UNH) is an American multinational healthcare and insurance company. Piper Sandler initiated its coverage on the stock with an Overweight rating and a $580 price target, highlighting the company’s medical and pharmacy care services.

UnitedHealth Group Incorporated (NYSE:UNH) is one of the most reliable dividend stocks among billionaires as the company has been continuously raising its dividends every year since 2010. It currently offers a per-share dividend of $1.65 every quarter for a dividend yield of 1.32%, as of June 2.

UnitedHealth Group Incorporated (NYSE:UNH) was a part of 116 elite funds portfolio in Q1 2023, up from 110 in the previous quarter, according to Insider Monkey’s database. The stakes owned by these hedge funds have a collective value of over $11.7 billion. Billionaire Rajiv Jain’s GQG Partners was the company’s largest stakeholder.

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