Smart Money Dividend Stocks to Buy

Now and then, it is nice to take a peek over the shoulder of a “master of the universe” to see what his or her high-conviction buys are, be they hot growth prospects or tried-and-true dividend stocks. When you read a headline that “Warren Buffett is buying Company X,” you’re naturally inclined to do a little digging into Company X’s financials. After all, if it’s good enough for Warren Buffett, it might be good enough for you.

For these reasons, I tend to focus on larger holdings — the conviction buys that fund managers are likely to hold onto for a while. Today, I’m going to look at high-conviction dividend stocks from five well-known superinvestors. My criteria is simple enough: The stock must be a significant holding in the guru’s portfolio, and it must pay a respectable dividend: Warren Buffett: Exxon Mobil (XOM), Kyle Bass: PennyMac Mortgage Investment Trust (PMT), Prem Watsa: BP (BP), Howard Marks: Altria (MO) and George Soros: Microsoft (MSFT).

Source: InvestorPlace

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