Billionaire Ken Fisher’s Top 5 Dividend Growth Stock Picks

In this article, we discuss billionaire Ken Fisher’s top 5 dividend growth stock picks. If you want to read our detailed analysis of Ken Fisher’s investment strategy and his hedge fund’s performance over the years, go directly to read Billionaire Ken Fisher’s Top 15 Dividend Growth Stock Picks. 

5. Chevron Corporation (NYSE:CVX)

Fisher Asset Management’s Stake Value: $1,222,868,000
Dividend Yield as of February 16: 3.57%
Consecutive Years of Dividend Growth: 36

Chevron Corporation (NYSE:CVX) is a California-based energy company that specializes in the exploration of oil and natural gas. In Q4 2022, Fisher Asset Management owned over 6.8 million shares in the company, worth over $1.2 billion. The hedge fund boosted its CVX stake by 1%, which represented 0.82% of its 13F portfolio.

Chevron Corporation (NYSE:CVX) currently offers a quarterly dividend of $1.51 per share and has a dividend yield of 3.57%, as of February 16. The company has been raising its dividends consistently for the past 36 years, which makes it one of the top dividend growth stock picks of Ken Fisher.

The number of hedge funds tracked by Insider Monkey owning stakes in Chevron Corporation (NYSE:CVX) grew to 66 in Q3 2022, from 59 in the previous quarter. These stakes have a total value of over $27 billion. Warren Buffett’s Berkshire Hathaway was the company’s leading stakeholder in Q3.

Diamond Hill Capital mentioned Chevron Corporation (NYSE:CVX) in its Q1 2022 investor letter. Here is what the firm had to say:

“Other top contributors in Q1 included multinational energy company Chevron Corp. (NYSE:CVX). The company benefited from increased energy demand as COVID-related economic restrictions eased in tandem with concerns regarding supply interruptions related to Russia’s invasion of Ukraine.”