Daniel Johnson’s Gillson Capital Portfolio: 5 Best Dividend Stocks

In this article, we discuss the 5 best dividend stocks in Gillson Capital’s 13F portfolio. If you want to read our detailed analysis of Daniel Johnson’s hedge fund, go directly to read Gillson Capital Stock Portfolio: 10 Best Dividend Stocks. 

5. Blackstone Inc. (NYSE:BX)

Number of Hedge Fund Holders: 62
Dividend Yield as of February 17: 3.98%
Gillson Capital’s Stake Value: $17,482,000

Blackstone Inc. (NYSE:BX) is an American alternative investment management company. In Q4 2021, Gillson Capital held a stake worth over $17.4 million in the company, which accounted for 1.3% of its portfolio.

On January 27, Blackstone Inc. (NYSE:BX) announced a quarterly dividend of $1.45 per share, up 33% from its previous dividend. The stock’s current dividend yield stands at 3.98%. Blackstone Inc. (NYSE:BX) cut its dividend in the past year but its 3-year CAGR stands at 14%, outstripping the financial sector in dividend growth. This December, appreciating the company’s retail strategies, BofA initiated its coverage on Blackstone Inc. (NYSE:BX) with a Buy rating and a $183 price target.

By the end of Q4 2021, 62 hedge funds tracked by Insider Monkey held stakes in Blackstone Inc. (NYSE:BX), up from 54 in the previous quarter. The consolidated value of these stakes is roughly $3.2 billion.

ClearBridge Investments mentioned Blackstone Inc. (NYSE:BX) in its Q3 2021 investor letter. Here is what the firm has to say:

“During the quarter we continued to trim Blackstone as the stock made new highs. We remain enthusiastic about the company’s prospects and continue to be large shareholders, but the riskreward at current levels is balanced and we sought to manage the overall position size within the portfolio.”