Top 5 Dividend Stocks To Buy According to Billionaires

4. Bristol-Myers Squibb Company (NYSE:BMY)

Number of Billionaire Investors: 18
Dividend Yield as of December 10: 4.77%

An American pharmaceutical industry company, Bristol-Myers Squibb Company (NYSE:BMY) is next on our list of the best dividend stocks. The company has been raising its dividends for 18 consecutive years and it currently pays a quarterly dividend of $0.60 per share. As of December 10, the stock has a dividend yield of 4.77%.

As of the end of the September quarter of 2023, 65 hedge funds in Insider Monkey’s database owned stakes in Bristol-Myers Squibb Company (NYSE:BMY), compared with 66 in the previous quarter. These stakes are worth over $1.8 billion in total. D. E. Shaw and Israel Englander were some of the most prominent billionaires owning stakes in the company.

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