Billionaire Steve Cohen’s Top 5 Dividend Stocks

2. Fidelity National Information Services, Inc. (NYSE:FIS)

Point72 Asset Management’s Stake Value as of 9/30: $251,727,000

Percentage of Point72 Asset Management’s 13F Portfolio as of 9/30: 1%

Dividend Yield as of 11/18: 3.06%

Although the fintech stock hasn’t done well this year, Point72 Asset Management nevertheless has a substantial stake in Fidelity National Information Services, Inc. (NYSE:FIS) according to 13F filings. As of September 30, billionaire Steve Cohen’s fund had a position worth over $251 million that accounted for 1% of the fund’s total 13F portfolio.

For Q3, Fidelity National Information Services, Inc. (NYSE:FIS) earned $1.74 per share on revenue of $3.6 billion versus estimates of $1.75 per share and sales of $3.61 billion. For the fourth quarter, the company has an outlook for EPS of $1.66-$1.72 versus estimates of $2.07. Given the weak results and lower than expected guidance, Fidelity National Information Services, Inc. (NYSE:FIS) fell to a 52 week low after the Q3 report as a result.

Given the stock’s 43.7% year to date decline, Fidelity National Information Services, Inc. (NYSE:FIS) has a forward P/E ratio of 9 and a dividend yield of 3.06% as of 11/18.

With Point72 Asset Management’s stake, Fidelity National Information Services, Inc. (NYSE:FIS) ranks #2 on our list of Billionaire Steve Cohen’s Top 10 Dividend Stocks.