3 Popular Dividend Stocks Billionaires Are Piling Into

If there's one trend that stood out in the fourth quarter, it's that billionaire money managers took a liking to popular dividend stocks. This shouldn't come as too big of a surprise given that income stocks are almost always profitable and time-tested. Additionally, dividend stocks have a rich history of handily outperforming non-dividend payers over the long run. With growth stock valuations stretched entering 2022, fund managers might have believed that rotating into income stocks would be a smart move.

First up is pharmaceutical giant Pfizer (NYSE:PFE), which has excelled during the pandemic. The company, which was sporting a 3.5% yield as of Feb. 24, was bought hand over fist in the fourth quarter by Philippe Laffont's Coatue Management and John Overdeck's and David Siegel's Two Sigma Investments. Another extremely popular dividend stock that billionaire fund managers piled into in the fourth quarter is integrated oil and gas stock ExxonMobil (NYSE:XOM). The third highly popular dividend stock billionaires can't stop buying is tech kingpin Apple (NASDAQ:AAPL).

Source: Motley Fool

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