In this article, we will take a look at the Billionaire Steven Cohen’s Top 11 Dividend Stock Picks.
Steven A. Cohen is the Chairman, Chief Executive Officer, and Co-Chief Investment Officer of Point72, a global multi-strategy asset management firm.
Reuters reported in April that Cohen is making changes to the firm’s leadership by passing the title of president to Co-Chief Investment Officer Harry Schwefel. According to an internal memo seen by Reuters, Point72 also created a new executive committee that will handle the day-to-day operations of its $50 billion multi-strategy hedge fund.
The committee includes Schwefel, along with senior executives Gavin O’Connor, Vincent Tortorella, and Michael “Sully” Sullivan. Cohen said the group will work with him to help guide the firm’s strategy and overall direction. Even with the new structure, Cohen will continue serving as Chairman, CEO, and Co-Chief Investment Officer of Point72. He will chair the executive committee, lead its meetings, and make the final decisions on matters brought before the group. Cohen made the following statement in the memo:
“Over the past few years our firm has grown across virtually every metric – AUM, headcount, global footprint. As we continue to pursue the growth of existing and new strategies, I want to ensure our management structure matches our current scale and growth ambitions.”
The leadership changes also give several executives expanded responsibilities. O’Connor will become Executive Vice President, overseeing strategy, risk, treasury, market intelligence, technology, and investor relations. Tortorella will take over as Chief Operating Officer, while Sullivan will remain Chief of Staff.
Reuters added that Point72 employs more than 3,000 people. The firm generated net returns of 19% in 2024 and 17.5% in 2025, according to the report.
Given this, we will take a look at billionaire Steve Cohen’s top dividend picks.
Steven Cohen of Point72 Asset Management
Our Methodology:
For this article, we scanned Point72 Asset Management’s 13F portfolio as of Q1 2026 and identified quality dividend companies. From there, we picked companies that have recently reported noteworthy developments likely to impact investor sentiment. These stocks are also popular among analysts and elite hedge funds.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Insider Monkey’s quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 599.2% since May 2014, beating its benchmark by 372 percentage points (see more details here).
11. Union Pacific Corporation (NYSE:UNP)
Point72 Asset Management’s Stake Value: $66,978,648
Dividend Yield as of June 26: 2.06%
On June 25, Evercore ISI raised its price recommendation on Union Pacific Corporation (NYSE:UNP) to $294 from $277. It reiterated an Outperform rating on the stock. In a preview of the rail sector, analyst Jonathan Chappell said Class I railroads are heading into the second-quarter earnings season with momentum, describing it as one that could be “filled with beats and raises” as shipping volumes picked up through most of the quarter.
Earlier in the month, on June 5, Susquehanna increased its price goal on UNP to $305 from $290. It kept a Positive rating on the shares. The firm said rail volumes appear to be running ahead of expectations. Analyst Harrison Bauer noted that ISM readings are “encouraging,” with expansion continuing for five straight months. He also said there is no indication that higher fuel prices are hurting industrial demand. Susquehanna also raised price targets across the rail sector that day.
Union Pacific Corporation (NYSE:UNP) operates through its main subsidiary, Union Pacific Railroad Company. The railroad connects more than 23 states across the western two-thirds of the United States, serving as a key link in the global supply chain.
10. The Bank of New York Mellon Corp (NYSE:BNY)
Point72 Asset Management’s Stake Value: $98,688,297
Dividend Yield as of June 26: 1.49%
On June 26, Truist raised its price recommendation on The Bank of New York Mellon Corp (NYSE:BNY) to $160 from $148. It reiterated a Buy rating on the shares. The update came as part of the firm’s broader research note previewing second-quarter results for trust banks. Analyst David Smith said the group continues to benefit from higher interest rates and the strong rally in equity markets. As a result, trust bank stocks have been among the best-performing subsectors within banking, if not the broader financial sector, in recent months. Truist added that its higher earnings-per-share estimates are mainly driven by stronger net interest income and higher asset levels, while also factoring in an increase in revenue and activity-related expenses.
During the Q1 2026 earnings call, Senior Executive Vice President and CFO McDonogh said the company had raised its full-year 2026 revenue outlook, excluding notable items. The company now expects total revenue to grow by approximately 6% year over year.McDonogh also updated the company’s net interest income guidance, saying full-year 2026 net interest income is expected to increase by approximately 10% compared to the previous year.
On expenses, McDonogh said the company maintained its full-year 2026 expense growth guidance, excluding notable items, but now expects growth to come in at the upper end of the previously announced 3% to 4% year-over-year range.
The Bank of New York Mellon Corp (NYSE:BNY) is a global financial services company. Its business segments include Securities Services, Market and Wealth Services, and Investment and Wealth Management.
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