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

4. Intel Corporation (NASDAQ:INTC)

Stamos Capital Partners’ Stake Value: $10,591,000
Dividend Yield as of June 14: 3.87%
Number of Hedge Fund Holders: 76

Intel Corporation (NASDAQ:INTC) manufactures semiconductor chips and microprocessors and also provides PC solutions to its consumers. Due to the rising inflation, the chip manufacturers are expected to see a decline in consumer spending, putting INTC in a fragile position as the stock hit its 52-week-low on June 10.

In the first quarter of 2022, Intel Corporation (NASDAQ:INTC) reported solid results, posting an EPS of $0.87, which beat estimates by $0.08. The company generated revenue of $18.4 billion, which also exceeded market consensus by $80 million. In June, Citigroup noted that Intel Corporation (NASDAQ:INTC)’s operations deteriorated in Q1 due to the reduced inventory level and kept a $45 price target on the stock, with a Neutral rating on the shares.

Intel Corporation (NASDAQ:INTC) is a Dividend Challenger, raising its dividend consecutively for the past 7 years. Currently, it offers a quarterly payout of $0.365 per share, raising it by 5% in January. As of June 14’s close, the stock’s dividend yield stood at 3.87%.

As per Insider Monkey’s Q1 2022 database, 76 hedge funds were bullish on Intel Corporation (NASDAQ:INTC), compared with 72 a quarter earlier. The consolidated value of stakes held by hedge funds stood at over $3.1 billion.

Stamos Capital started reinvesting in Intel Corporation (NASDAQ:INTC) during the third quarter of 2021, after dumping off its entire stake in the company a quarter earlier. During Q1 2022, the hedge fund piled up on additional INTC shares worth roughly $5 million, taking its total stake to nearly $10.6 million, which accounted for 3.53% of Peter S. Stamos’ portfolio.