Billionaire Ken Fisher’s Top 5 Dividend Stock Picks

4. The Home Depot, Inc. (NYSE:HD)

Fisher Asset Management’s Stake Value: $2,478,511,000
Dividend Yield as of May 16: 3.00%

The Home Depot, Inc. (NYSE:HD) is among the top dividend stock picks of billionaire Ken Fisher. The home improvement company has been a part of Fisher Asset Management’s 13F portfolio since the first quarter of 2012. At the end of Q1 2023, the hedge fund owned HD stakes worth over $2.4 billion which made up 1.5% of its 13F portfolio.

The Home Depot, Inc. (NYSE:HD) offers a quarterly dividend of $2.09 per share for a dividend yield of 3%, as of May 16. The company is one of the best dividend stocks on our list as it has raised its dividends consistently for the past 13 years.

At the end of Q4 2022, 62 hedge funds tracked by Insider Monkey reported having stakes in The Home Depot, Inc. (NYSE:HD), worth over $4.8 billion collectively.

Madison Investments mentioned The Home Depot, Inc. (NYSE:HD) in its Q1 2023 investor letter. Here is what the firm has to say:

“The Home Depot, Inc. (NYSE:HD) provided an update on reducing the environmental impact of its stores. Since 2010, the company has reduced U.S. store electricity use by 50% by implementing LED lighting across all of its stores, buying electricity from large-scale commercial solar farms, and installing rooftop solar farms. The company is now applying its experience to other parts of its operations, including reducing electricity use in its supply chain and water use in store irrigation. Home Depot was also recognized by the U.S. Environmental Protection Agency for being one of the nation’s largest green power users.”