Top 5 Dividend Stocks to Buy According to Peter S. Stamos’ Stamos Capital

In this article, we discuss the top 5 dividend stocks to buy according to Peter S. Stamos’ Stamos Capital. If you want to read our detailed analysis of Stamos’ past life and his hedge fund history,  go directly to read Top 10 Dividend Stocks to Buy According to Peter S. Stamos’ Stamos Capital. 

5. JPMorgan Chase & Co. (NYSE:JPM)

Stamos Capital Partners’ Stake Value: $10,473,000
Dividend Yield as of June 14: 3.46%
Number of Hedge Fund Holders: 110

JPMorgan Chase & Co. (NYSE:JPM) is a global financial services firm with over $2.6 trillion in assets, recorded in May. The firm has evolved its operations over time, deploying blockchain for collateral settlements to expand tech usage in the trading of traditional financial assets.

In April, Societe Generale upgraded JPMorgan Chase & Co. (NYSE:JPM) to Buy while lifting its price target on the stock to $150. The firm appreciated the company’s guidance on net interest income, credit quality, and its trading revenues.

Stamos Capital started building its position in JPMorgan Chase & Co. (NYSE:JPM) during the fourth quarter of 2018, buying shares worth $5 million, at an average share price of $106.5. During the first quarter of 2022, the hedge fund increased its position in the company by 35%, owning a $10.4 million worth of stake. The New York-based company made up 3.49% of Peter S. Stamos’ portfolio.

On May 16, JPMorgan Chase & Co. (NYSE:JPM) declared a quarterly dividend of $1.00 per share, with a dividend yield of 3.46%, as of the close of June 14. The company maintains a 12-year streak of consistent dividend growth.

JPMorgan Chase & Co. (NYSE:JPM) was the 14^th most famous company among elite funds at the end of March 2022, as 110 hedge funds tracked by Insider Monkey reported owning stakes in the company, up from 107 in the previous quarter. Ken Fisher’s Fisher Asset Management was the company’s leading shareholder in Q1, owning over 7.7 million shares, worth $1.05 billion.

ClearBridge Investments mentioned JPMorgan Chase & Co. (NYSE:JPM) in its Q4 2021 investor letter. Here is what the firm has to say:

“Our energy and financials holdings kept pace in the 2021 rally.  In financials, JPMorgan benefited from strong economic growth, a rise in Treasury yields, and a benign credit environment.”