Jim Cramer’s 5 Best Dividend Stocks

4. General Electric Co (NYSE:GE)

Number of Hedge Fund Investors: 76

Albeit with a low dividend yield, General Electric Co (NYSE:GE) is nonetheless a strong and reliable company will a strong future according to analysts. Earlier this month, Jim Cramer said in his program that General Electric Co (NYSE:GE) is an “inexpensive” stock and that “these guys are the real deal.” Cramer repeatedly praised General Electric Co’s (NYSE:GE) aerospace operations and said they are better than Boeing’s

In December General Electric Co (NYSE:GE) declared a dividend of $0.08 per share. Forward dividend yield at the time came in at 0.26%.

As of the end of the third quarter of 2023, 76 hedge funds out of the 910 funds tracked by Insider Monkey had stakes in General Electric Co (NYSE:GE).

Longleaf Partners Fund made the following comment about General Electric Company (NYSE:GE) in its Q3 2023 investor letter:

“After a busy first half of the year, we initiated one new position in the quarter in a business we have successfully owned previously and were able to buy again at a discount within a new corporate structure. We opportunistically trimmed and added to several positions throughout the quarter, and we exited General Electric Company (NYSE:GE) and our small position in Hasbro after the share price ran away from us. GE was a multi-year portfolio holding for us that started out rocky but ultimately was a good illustration of owning a “quality” business that was temporarily viewed as “value” (aka, perceived as low quality) before ultimately being weighed properly by the market. CEO Larry Culp was a great partner, creating significant value for shareholders and closing the price-to-value gap. Under his leadership, GE materially improved its operations and is well under way on plans to simplify the business by separating it into three world-class companies. The market has finally caught up with reality versus perception and is pricing GE accordingly. Unfortunately, this means we no longer see a margin of safety for the business but will continue to watch GE and Culp closely and hope to have the opportunity to partner with him again.”