Five Dividend Stocks from Billionaire Chase Coleman’s Tiger Global Portfolio

#2. GameStop Corp. (NYSE:GME)

– Number of shares owned by Tiger Global Management as of March 31: 1.75 Million

– Value of Tiger Global Management’s holding as of March 31: $55.53 Million

– Dividend yield: 5.17%

Tiger Global Management LLC held unchanged its position in GameStop Corp. (NYSE:GME) in the first quarter of 2016 at 1.75 million shares, which were valued at $55.53 million at the end of the quarter. The shares of the largest video-game specialty retailer are up nearly 1% so far in 2016 despite having dropped 6% in the past month. The weak stock performance in the past month or so was mainly attributable to the company’s disappointing guidance for its second quarter of fiscal 2016, which reflects fewer blockbuster game releases. GameStop’s Board of Directors recently declared a quarterly cash dividend of $0.37 per share, which equates to a current annual dividend of 5.17%. The video-game retailer anticipates comparable store sales to decline in the range of 4.0%-to-7.0% for the second quarter of fiscal 2016, while full-year comparable store sales growth is expected to be in the range of negative 3% to flat. Cliff Asness’ AQR Capital Management is the owner of 2.10 million shares of GameStop Corp. (NYSE:GME) at the end of March.

#1. Cal-Maine Foods Inc. (NASDAQ:CALM)     

– Number of shares owned by Tiger Global Management as of March 31: 70,394

– Value of Tiger Global Management’s holding as of March 31: $3.65 Million

– Dividend yield: 5.61%

The New York-based asset manager did not change its equity position in Cal-Maine Foods Inc. (NASDAQ:CALM) during the first three months of 2016. Tiger Global owned 70,394 shares of Cal-Maine Foods at the end of the quarter, which were worth $3.65 million. The largest producer and distributor of fresh eggs in the U.S. has seen its market capitalization fall by 6% since the start of 2016. In fact, Cal-Maine Foods shares recently posted a new 52-week low of $43.95, so the company is not doing necessarily great in terms of stock performance at the moment. The company’s net sales for the 13 weeks that ended February 27 were $449.76 million, up from $437.56 million posted in the same period of the prior year. Cal-Maine Foods shares are changing hands at around 19.1-times-expected earnings, versus the forward PE multiple of 16.8 for the S&P 500 benchmark. The company pays out one-third of its net income in the form of dividends each quarter, with its last quarterly dividend being $0.441 per share. The stock boasts a dividend yield of 5.61%. Philippe Laffont’s Coatue Management added a 377,268-share stake in Cal-Maine Foods Inc. (NASDAQ:CALM) to its pool of holdings during the March quarter.

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