Blackstone Group LP (BX), Microsoft Corporation (MSFT), & More: Billionaire Julian Robertson’s Top Dividend Stocks

Blackstone Group LP (NYSE:BX) represents Tiger Management’s fourth-largest stake, as the fund inched up its position by 6% to 1.0 million shares worth $33.47 million during the third quarter. The stock of the alternative asset manager has gained nearly 18% since the beginning of the year. Julian Robertson has held shares of Blackstone Group LP (NYSE:BX) since the first quarter of 2015 and the stock is down by over 16% since then. In October, the company declared a quarterly dividend of $0.44 per share, which is down from $0.54 paid a quarter earlier, and its stock has a yield of 7.28%. For the third quarter, Blackstone Group LP (NYSE:BX) posted a economic net income of $0.69 per share, beating the estimates of $0.55, while its distributable earnings went up to $0.52 per share from $0.48 per share posted for the same period of 2016.

In Microsoft Corporation (NASDAQ:MSFT), Julian Robertson raised his stake by 20% to 440,040 shares valued at $32.78 million between July and September. The tech giant has been in Tiger Management’s equity portfolio since the second quarter of 2016 and its stock has surged by over 64% since then. Microsoft Corporation (NASDAQ:MSFT) has a solid track record of paying dividends for many years and it has been increasing dividends for over 14 years. Moreover, Microsoft Corporation (NASDAQ:MSFT) is well set on path to become a dividend aristocrat. The company’s focus on cloud with Office 365 and Azure effectively helped turn it into a cash-generating machine. In the fiscal first quarter, Microsoft Corporation (NASDAQ:MSFT) saw its Azure revenue surge by 89% on the year, while Office 365 revenue advanced by 42%. Overall, Microsoft’s third-quarter revenue appreciated by 12% on the year to $24.54 billion and topped the consensus estimate by $980 million, while EPS of $0.84 was higher than the expected $0.72.

On the next page, we will take a look at three other dividend stocks from billionaire Julian Robertson’s 13F portfolio.