Top 5 High Dividend Stocks To Buy According To Hedge Funds

In this article, we discuss top 5 high dividend stocks to buy according to hedge funds. If you want to read our detailed analysis of high-yield dividend stocks and their previous performance, go directly to read Top 10 High Dividend Stocks To Buy According To Hedge Funds. 

5. British American Tobacco p.l.c. (NYSE:BTI)

Number of Hedge Fund Holders: 22
Dividend Yield as of March 29: 9.61%

British American Tobacco p.l.c. (NYSE:BTI) is a British multinational tobacco company that offers a wide range of related products, with a presence in global markets. The company offers a quarterly dividend of $0.7431 per share, having raised it by 6.1% in February this year. This marked the company’s 26th consecutive year of dividend growth, which makes BTI one of the best dividend stocks on our list. In its FY23 report, the company announced that it expects to generate £40 billion of free cash flow before dividends over the next five years.

British American Tobacco p.l.c. (NYSE:BTI) was a part of 22 hedge fund portfolios at the end of Q4 2023, up from 17 in the previous quarter, as per Insider Monkey’s database. The stakes owned by these hedge funds have a total value of nearly $400 million. With roughly 8 million shares, Orbis Investment Management was the company’s leading stakeholder in Q4.