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

JPMorgan Chase & Co. (NYSE:JPM) saw Tiger Management add 64,800 shares during the third quarter, having amassed 239,600 shares worth $22.88 million at the end of September. JPMorgan Chase & Co. (NYSE:JPM)’s stock has gained 13.93% since the beginning of the year and currently sports a dividend yield of 2.28%. The company has been consistently increasing its dividends since the financial crisis. Earlier this year, the Fed has greenlighted US banks to use extra capital for stock buybacks and dividends and if the deregulation promised by the new White House administration kicks in, big banks should see higher profits, while lower capital requirements will result in more capital finding its way to shareholders.

Tiger Management also disclosed a $22.04 million stake in Apollo Global Management LLC (NYSE:APO), which contained 732,081 shares at the end of the third quarter. Apollo Global Management LLC (NYSE:APO), another alternative-asset management company in Tiger’s equity portfolio, has seen its stock soar by 56% since the beginning of the year and it has a dividend yield of 6.10%, based on the $0.39 dividend that the company has declared earlier this month. Recently, Reuters reported that Apollo Global Management LLC (NYSE:APO) is about to acquire Qdoba Mexican Eats, a restaurant chain owned by Jack in the Box Inc. (NASDAQ:JACK). The deal between Apollo and Jack in the Box is valued at over $300 million. Apollo Global Management LLC (NYSE:APO) also owns pizza and arcade chain Chuck E. Cheese, but it does not plan to combine it with Qdoba, according to the source.

Then there’s Delta Air Lines, Inc. (NYSE:DAL), in which Julian Robertson’s fund held 103,375 shares worth $4.99 million heading into the fourth quarter. In addition to Delta Air Lines, Inc. (NYSE:DAL), Tiger Management also holds shares of two other carriers: Controladora Vuela Co Avcn SA CV (ADR) (NYSE:VLRS) and Ryanair Holdings plc (ADR) (NASDAQ:RYAAY), both of which operate low-cost airlines. Delta Air Lines, Inc. (NYSE:DAL) is the best dividend stock to hold among airline operators. It was the first among major carrier to reinstate its dividend in 2013 and has been consistently increasing it over the last couple of years. Earlier this year, Delta Air Lines, Inc. (NYSE:DAL) has raised its dividend by around 50% to $0.31 per share and its stock has a yield of 2.43%, which is the highest among large carriers.

Disclosure: none