In this article, we present to you the 5 best dividend stocks with upside potential, based on Insider Monkey’s latest article. What are dividend stocks? Actually, they are companies that pay regular dividends. According to Insider Monkey, “Dividend stocks are usually well-established companies with a track record of distributing earnings back to their shareholders.” If you haven’t invested in hedge funds so far, it’s a great time for you to try.
And now, let’s see what you are here for – the best dividend stock with upside potential. We have picked up two companies, as usual, giving you a short summarize. Citigroup, Inc. stands on the fifth spot with 91 hedge funds, and $5.54 of total value of hedge fund holdings. The company was awarded the Global Best Overall Bank for Cash Management in 2016. It was formed with the merger of banking giant Citicorp and Travelers Group in 1998. Jeffrey Ubben’s ValueAct Capital is the top hedge fund holder, having invested $1.16 billion in the stock at the end of the third quarter 2020. An insider has bought 10,000 shares lately at around $44. The stock has increased 38% in the past three months. If you want to reach this kind return, you need to invest in 30-year Treasury bonds for 30 year. Bristol Myers Squibb is on the third spot, with 124 hedge funds, and $7.56 of total value of hedge fund holdings. Being a global biopharmaceutical company, Bristol Myers Squibb operates in producing innovative medicines for serious diseases. At the end of the third quarter in 2020, the company had a revenue of $6.5 billion. Jim Simons’ Renaissance Technologies is the top hedge fund holder by having invested $1.84 million in stocks at the end of third quarter. An insider has lately bought 9,174 shares at around $54. The stock has increased 12% since then. BMY’s annual dividend yield is 3.14%. BMY is involved in cardiovascular diseases, autoimmune diseases, oncology, and fibrosis. If you are interested in more detailed information about the best dividend stocks with upside potential, please click and jump to the entire article.
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