Billionaire Ken Fisher’s strategy of maintaining a well-diversified stock portfolio helped him generate robust returns for investors over the decades. Along with spreading investments across several sectors, he seeks to create long-term positions in growth, value, and dividend stocks to maximize returns and minimize the risk of losses. His investments in high growth stocks from information technology, communications, and consumer discretionary sectors produced significant gains in 2020.
Here is a summary of Billionaire Ken Fisher’s Top 10 High Dividend Stock Picks.
Pfizer Inc is a permanent member of Fisher Asset Management since 2001. The company currently offers a quarterly dividend of $0.39 per share, yielding around 4.40%. Their stock price rose 16% in the last twelve months. Fisher Asset Management raised its position in BP p.l.c. by 40% during the fourth quarter to 10.93 million shares.
Ken Fisher has been holding a stake in Exxon Corporation over the last two decades. The company has maintained its dividends in 2020 despite the challenging market environment and lower oil prices. BHP Group is a diversified metals and mining company. The firm held 6.95 million shares of BHP Group at the end of the fourth quarter of 2020, up 4% from the previous quarter.
Chevron Corporation offers a quarterly dividend of $1.29 per share, yielding around 5%. In addition to dividends, Chevron has generated 24% share price growth so far this year. GlaxoSmithKline plc has potential to offer steady share price growth along with sustainable growth in dividends make it a good stock to hold in a dividend portfolio. The company offers a dividend yield of 5.9%.
Vale S.A. shares rose 109% in the last twelve months. Vale SA was in 35 hedge funds’ portfolios at the end of December. Total SA has a history of offering strong returns to investors both in the form of share price gains and dividends. It currently offers a quarterly dividend yield of 6.64%. Moreover, Total’s share price grew 11% year to date. Rio Tinto continues gaining billionaire Ken Fisher’s confidence. Rio has a history of offering significant dividends as the company currently offers a yield of almost 8% and it has raised dividends in the past 4 consecutive years
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