Billionaire Ken Fisher’s Top 5 High Dividend Stock Picks

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1. Rio Tinto (NYSE: RIO)

The diversified metal and mining company Rio Tinto (NYSE: RIO) continues gaining billionaire Ken Fisher’s confidence. His firm first initiated a position in Rio in 2018 and added to its existing stake during the December quarter of 2020. Rio has a history of offering significant dividends. The company currently offers a dividend yield of almost 8% and it has raised dividends in the past 4 consecutive years. Fisher Asset Management held 12.16 million shares of Rio Tinto at the end of the latest quarter.

Hedge fund interest in Rio Tinto increased at the end of last quarter. This is usually a positive indicator. The number of bullish hedge fund positions increased by 3 recently. It was in 26 hedge funds’ portfolios at the end of the fourth quarter of 2020. The all-time high for this statistic is 35. Our calculations also showed that RIO isn’t among the 30 most popular stocks among hedge funds.

You can also take a peek at George Soros’ Top 10 Stock Picks  and Billionaire Jim Simons’ Top 10 Stock Picks.

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