In 2000, Lee Munder established Lee Munder Capital Group. In 1985, he helped co-found the first mutual fund with an online concentration. In 1999, the NetNet mutual fund returned 175 percent, and by 2000, it had assets worth more than $11 billion. A hedge firm with offices in Boston and New York is called LMCG. Additionally, the fund manages stock portfolios with a focus on shareholder returns and value development across a variety of market capitalization.
Insider Monkey discusses 10 dividend stocks to buy according to Lee Munder Capital Group. Semiconductor chips are produced by Applied Materials, Inc. for use in electronics, mobile devices, and solar products. Although the company’s Q1 2022 earnings fell short of expectations, its $6.25 billion in revenue represented a 12 percent year-over-year increase. The American health solutions provider CVS Health Corporation specializes in health insurance. The company’s medical membership sector saw an increase of 674,000 members in Q1 2022. As of June 30, the company’s quarterly dividend payment was $0.55 per share, representing a 2.36 percent dividend yield. Since its IPO in 1961, Lowe’s Companies, Inc. has paid dividends to shareholders, maintaining a 25-year streak of steady dividend increases. A quarterly dividend of $1.05 per share, up 31% over the preceding dividend, was announced by the firm. In Q1 2022, Lee Munder Capital Group purchased 70,315 shares of Johnson & Johnson for a total cost of about $12.4 million. The pharmaceutical and healthcare firm made up 0.72 percent of the hedge fund’s 13F portfolio. In its fiscal Q3 report, The Proctor & Gamble Company reported earnings increases across almost all of its segments. Gross revenue for the business was $19.4 billion, an increase of 7.1 percent from the same time the previous year. For more details, click 10 Dividend Stocks To Buy According To Lee Munder’s Capital Group.
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