Billionaire Ken Fisher’s Top 5 Dividend Stock Picks

2. American Express Company (NYSE:AXP)

Fisher Asset Management’s Stake Value: $2,028,883,000
Dividend Yield as of November 16: 1.36%

American Express Company (NYSE:AXP) is an American multinational credit card service company that also offers other financial services to its consumers. At the end of Q3 2022, Fisher Asset Management had over 15 million shares in the company, worth over $2 billion. The company represented 1.52% of billionaire Ken Fisher’s portfolio.

American Express Company (NYSE:AXP) currently pays a quarterly dividend of $0.52 per share. The company is one of the top dividend stocks on our list as it has been making consistent dividend payments to shareholders for the past 30 years. Moreover, it also paid $14 million in dividends during Q3 2022. As of November 16, the stock has a dividend yield of 1.36%.

In October, BMO Capital raised its price target on American Express Company (NYSE:AXP) to $166 with a Market Perform rating on the shares, highlighting the company’s Q3 earnings beat, higher net interest income, and growing customer base.

As of the close of Q2 2022, 67 hedge funds tracked by Insider Monkey owned stakes in American Express Company (NYSE:AXP), compared with 69 a quarter earlier. These stakes have a consolidated value of over $25.2 billion. Warren Buffett’s Berkshire Hathaway was the company’s leading stakeholder in Q2.