Billionaire Paul Singer’s Dividend Stock Picks

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On July 1, 1977, Paul Singer established Elliott Management. According to the firm’s website, the hedge fund manages $48 billion in assets. Investments in distressed securities and real estate-related stocks are two of Elliott Management’s many trading strategies. Commodities trading, particularly crude oil, is another major focus. From $13 billion to $14 billion, Elliott Management’s 13F portfolio value has increased. Over the past five years, the fund’s annualized return has been 9.21%, outpacing the S&P 500’s annual return of 11.8 percent.

Insider Monkey discusses the dividend stocks in Paul Singer’s portfolio.  During the third quarter of 2021, Elliott Management began building a position in Citrix Systems, Inc., with shares valued at over $128,8 million. APA Corporation announced a quarterly dividend of $0.125 per share, a 100% increase from the previous dividend. In the third quarter, Elliott Management acquired the company, which had shares worth about $60 million. A 2.25 percent dividend yield is offered by Public Storage, which currently pays a quarterly dividend of $2.00 per share. Recently, the company hasn’t increased its dividend, but over the last decade, it has increased dividends by 8%. With a dividend yield of 2.93 percent, the company pays out $0.58 per share each quarter. An increase in revenue of 95.9 percent year-over-year was applauded by Wall Street analysts for Marathon Petroleum Corporation. Insider Monkey counted 18 funds with stakes in the company as of the third quarter of 2021. The total value of these investments is $146.4 million. Principal Financial Group, Inc.’s dividend paid is currently $0.64 per share. For more details, click the Billionaire Paul Singer’s 10 Dividend Stock Picks.

 

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