Value Investor Joel Greenblatt’s Top 5 Dividend Picks

In this article, we will discuss value investor Joel Greenblatt’s top 5 dividend picks. If you want to read our detailed analysis of Greenblatt’s investment philosophy and his hedge fund’s performance over the years, go directly to read Value Investor Joel Greenblatt’s Top 12 Dividend Picks. 

5. Accenture plc (NYSE:ACN)

Gotham Asset Management’s Stake Value: $16.5 million
Dividend Yield as of February 15: 1.58%

Accenture plc (NYSE:ACN) is an Irish-American information technology company that deals in related services and consulting. On December 16, the company announced a quarterly dividend of $1.12 per share, which was in line with its previous dividend. The company has been raising its dividends consistently for the past 17 years. Its shares have a yield of 1.58%, as of February 15.

In Q4 2022, Gotham Asset Management owned nearly 62,000 shares in Accenture plc (NYSE:ACN), worth over $16.5 million. The company represented 0.46% of value investor Joel Greenblatt’s portfolio.

In January, Wells Fargo initiated its coverage of Accenture plc (NYSE:ACN) with an Equal Weight rating and a $289 price target, presenting a positive view of the company’s platform and services.

At the end of Q3 2022, 58 hedge funds in Insider Monkey’s database owned stakes in Accenture plc (NYSE:ACN), down from 61 in the previous quarter. The collective value of these stakes is over $3.47 billion.

Distillate Capital Partners LLC mentioned Accenture plc (NYSE:ACN) in its third-quarter 2022 investor letter. Here is what the firm has to say:

“The largest new purchases includes Accenture plc (NYSE:ACN). Accenture modestly lagged the market last quarter and became similarly attractive enough to warrant ownership. Similar to our prior presentations, one way to visualize the current portfolio and note recent changes versus the benchmark is to look at scatter plot of all of Distillate’s FSV holdings versus those in the benchmark with valuation on the vertical axis and free cash ϲow stability on the horizontal axis.”