Billionaire Steven Cohen’s Top 5 High Dividend Stock Picks

2. American Tower Corporation (NYSE:AMT)

Point72 Asset Management’s Stake Value: $195,679,055
Dividend Yield as of November 20: 3.29%

American Tower Corporation (NYSE:AMT) is an American real estate investment trust company that focuses primarily on owning, operating, and developing multi-tenant communications real estate. The company offers a quarterly dividend of $1.62 per share, having raised it by 3.2% in September this year. Through this increase, the company took its dividend growth streak to 12 years. With a dividend yield of 3.29%, as of November 20, AMT is one of the best high-dividend stocks in billionaire Steve Cohen’s portfolio.

American Tower Corporation (NYSE:AMT) was a part of 60 hedge fund portfolios at the end of Q2 2023, according to Insider Monkey’s database. The stakes owned by these hedge funds have a total value of over $3.03 billion.

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