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Yahoo
01-05-2025
- Business
- Yahoo
Is Bristol-Myers Squibb Company (BMY) the Best Long-Term Dividend Stock to Buy According to Billionaires?
We recently published a list of the . In this article, we are going to take a look at where Bristol-Myers Squibb Company (NYSE:BMY) stands against other best long-term dividend stocks. Dividend stocks are increasingly popular with both every day and billionaire investors. A CNBC report noted that for many, dividend stocks are always a solid choice, offering a steady income from corporate cash flow, which provides stability despite fluctuations in stock prices. With both the stock and bond markets experiencing significant volatility, these stocks are becoming even more attractive, serving as a balanced option between growth and yield for a broader range of investors. The long-term appeal of dividend-paying stocks remains robust, especially for investors aiming to reduce risk while still pursuing growth. Ramona Persaud, portfolio manager of the Fidelity Equity-Income Fund and Fidelity Global Equity Income Fund, typically prefers high-quality companies that offer reliable dividends and are attractively priced. She highlighted that declining interest rates can benefit dividend stocks, as their yields become more appealing compared to bonds. Additionally, Persaud mentioned that lower rates could help drive broader market gains, unlike the recent performance, which was mainly driven by a few large growth stocks. Her investment strategy focuses on companies with strong balance sheets, consistent cash flows, and significant return potential. She also stresses the importance of valuation—seeking stocks that are reasonably priced compared to their peers and historical averages—while targeting dividend yields that stand out in the current market. This blend of quality, value, and income, she believes, has contributed to the fund's strong performance in both rising and declining markets. Dividend stocks are gaining popularity once more in the current market, following two years of losses amid the dominance of high-performing tech stocks. The Dividend Aristocrat Index, which tracks the performance of companies with at least 25 consecutive years of dividend growth, is down by a little over 2% since the start of 2025, compared with a nearly 6% decline in the broader market. This trend indicates that dividends are gaining traction, with more companies introducing dividend policies and existing dividend payers gradually increasing their payouts to attract investors. An S&P Global report projects that 408 companies in the broader market will pay dividends in 2025. Of these, nearly 350 are expected to raise their dividends over the next year, contributing to an estimated 6% growth in total dividends compared to the previous year. In the overall US market, aggregate dividend growth is forecasted to be 4.6% in 2025. Since S&P companies account for about 85% of all US dividend payments, the S&P index serves as a reliable indicator of broader dividend trends. Dividend stocks are also a key component of many billionaire investors' portfolios. For instance, Warren Buffett has been earning billions annually from dividend stocks, setting a strong example for other investors, as his strategies are highly regarded. In fact, nearly 90% of the companies in his Q4 portfolio pay dividends, and many of them are also known for growing their dividends over time. A pharmacy shelves stocked with pharmaceutical drugs awaiting distribution. To compile this list, we screened for dividend stocks that have strong financials and solid dividend policies. From that group, we picked 10 companies that were most popular among billionaire investors, as per Insider Monkey's billionaire database of Q4 2024. The stocks are ranked according to the number of billionaires having stakes in them. At Insider Monkey, we are obsessed with hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). Number of Billionaire Holders: 17 Bristol-Myers Squibb Company (NYSE:BMY) ranks sixth on our list of the best dividend stocks for the long term, according to billionaires. The American multinational pharmaceutical company focuses on developing and delivering innovative medicines. In the first quarter of 2025, Bristol-Myers Squibb Company (NYSE:BMY) reported revenue of $11.2 billion, down 5.6% from the same period last year. However, the revenue beat analysts' estimates by over $494 million. The Growth Portfolio generated $5.6 billion in revenue, marking a 16% increase on a reported basis, or 18% excluding foreign exchange effects. This growth was mainly driven by Opdivo, Breyanzi, Reblozyl, and Camzyos, along with the strong early launch of Cobenfy in the US. Bristol-Myers Squibb Company (NYSE:BMY)'s cash position remained strong. It ended the quarter with over $10.8 billion available in cash and cash equivalents, up from $10.3 billion at the end of December. The company pays a quarterly dividend of $0.62 per share, having raised it by 3.3% in December 2024. This marked its 16th consecutive year of dividend growth. In addition, BMY has been a consistent dividend payer for 93 years. As of April 27, the stock has a dividend yield of 5.18%. As of the close of Q4 2024, 17 billionaires held stakes in Bristol-Myers Squibb Company (NYSE:BMY), worth nearly $1.9 billion in total. Israel Englander was one of the company's leading stakeholders in Q4. Overall, BMY ranks 6th on our list of the best long-term dividend stocks according to billionaires. While we acknowledge the potential of BMY as an investment, our conviction lies in the belief that some deeply undervalued dividend stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for a deeply undervalued dividend stock that is more promising than BMY but that trades at 10 times its earnings and grows its earnings at double digit rates annually, check out our report about the . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at . Sign in to access your portfolio
Yahoo
01-05-2025
- Business
- Yahoo
UnitedHealth Group Incorporated (UNH): One of the Best Long-Term Dividend Stocks to Buy According to Billionaires
We recently published a list of the . In this article, we are going to take a look at where UnitedHealth Group Incorporated (NYSE:UNH) stands against other best long-term dividend stocks. Dividend stocks are increasingly popular with both every day and billionaire investors. A CNBC report noted that for many, dividend stocks are always a solid choice, offering a steady income from corporate cash flow, which provides stability despite fluctuations in stock prices. With both the stock and bond markets experiencing significant volatility, these stocks are becoming even more attractive, serving as a balanced option between growth and yield for a broader range of investors. The long-term appeal of dividend-paying stocks remains robust, especially for investors aiming to reduce risk while still pursuing growth. Ramona Persaud, portfolio manager of the Fidelity Equity-Income Fund and Fidelity Global Equity Income Fund, typically prefers high-quality companies that offer reliable dividends and are attractively priced. She highlighted that declining interest rates can benefit dividend stocks, as their yields become more appealing compared to bonds. Additionally, Persaud mentioned that lower rates could help drive broader market gains, unlike the recent performance, which was mainly driven by a few large growth stocks. Her investment strategy focuses on companies with strong balance sheets, consistent cash flows, and significant return potential. She also stresses the importance of valuation—seeking stocks that are reasonably priced compared to their peers and historical averages—while targeting dividend yields that stand out in the current market. This blend of quality, value, and income, she believes, has contributed to the fund's strong performance in both rising and declining markets. Dividend stocks are gaining popularity once more in the current market, following two years of losses amid the dominance of high-performing tech stocks. The Dividend Aristocrat Index, which tracks the performance of companies with at least 25 consecutive years of dividend growth, is down by a little over 2% since the start of 2025, compared with a nearly 6% decline in the broader market. This trend indicates that dividends are gaining traction, with more companies introducing dividend policies and existing dividend payers gradually increasing their payouts to attract investors. An S&P Global report projects that 408 companies in the broader market will pay dividends in 2025. Of these, nearly 350 are expected to raise their dividends over the next year, contributing to an estimated 6% growth in total dividends compared to the previous year. In the overall US market, aggregate dividend growth is forecasted to be 4.6% in 2025. Since S&P companies account for about 85% of all US dividend payments, the S&P index serves as a reliable indicator of broader dividend trends. Dividend stocks are also a key component of many billionaire investors' portfolios. For instance, Warren Buffett has been earning billions annually from dividend stocks, setting a strong example for other investors, as his strategies are highly regarded. In fact, nearly 90% of the companies in his Q4 portfolio pay dividends, and many of them are also known for growing their dividends over time. A senior healthcare professional giving advice to a patient in a clinic. To compile this list, we screened for dividend stocks that have strong financials and solid dividend policies. From that group, we picked 10 companies that were most popular among billionaire investors, as per Insider Monkey's billionaire database of Q4 2024. The stocks are ranked according to the number of billionaires having stakes in them. At Insider Monkey, we are obsessed with hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). Number of Billionaire Holders: 23 UnitedHealth Group Incorporated (NYSE:UNH) is an American health insurance company. The company provides a broad range of related products and services to its customers. UnitedHealth Group Incorporated (NYSE:UNH) and other major health insurers received a boost on April 8 after the Centers for Medicare and Medicaid Services (CMS) announced that Medicare Advantage plans would see a larger-than-expected payment increase in 2026. In its Q1 2025 earnings report, UnitedHealth Group Incorporated (NYSE:UNH) posted $109.5 billion in revenue, representing a 9.8% year-over-year increase. The company expanded its customer base by 780,000 people and confirmed that its Optum Health division aims to provide value-based care to an additional 650,000 patients in 2025. Company leadership highlighted ongoing efforts to manage current challenges while remaining focused on achieving its long-term earnings growth target of 13% to 16%. UnitedHealth Group Incorporated (NYSE:UNH) also reported strong cash generation for the quarter, with $5.5 billion in operating cash flow. It returned roughly $5 billion to shareholders through dividends and share repurchases and has consistently paid dividends since 2010. The company offers a quarterly dividend of $2.10 per share and has a dividend yield of 2.01%, as of April 27. Insider Monkey's Q4 2024 database indicated that 23 billionaires held stakes in UnitedHealth Group Incorporated (NYSE:UNH), worth collectively over $8.1 billion. Rajiv Jain's GQG Partners was one of the company's leading stakeholders in Q4. Overall, UNH ranks 2nd on our list of the best long-term dividend stocks according to billionaires. While we acknowledge the potential of UNH as an investment, our conviction lies in the belief that some deeply undervalued dividend stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for a deeply undervalued dividend stock that is more promising than UNH but that trades at 10 times its earnings and grows its earnings at double digit rates annually, check out our report about the . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at . Sign in to access your portfolio
Yahoo
30-04-2025
- Business
- Yahoo
The Kraft Heinz Company (KHC): Among the Best Long-Term Dividend Stocks to Buy According to Billionaires
We recently published a list of the . In this article, we are going to take a look at where The Kraft Heinz Company (NASDAQ:KHC) stands against other best long-term dividend stocks. Dividend stocks are increasingly popular with both every day and billionaire investors. A CNBC report noted that for many, dividend stocks are always a solid choice, offering a steady income from corporate cash flow, which provides stability despite fluctuations in stock prices. With both the stock and bond markets experiencing significant volatility, these stocks are becoming even more attractive, serving as a balanced option between growth and yield for a broader range of investors. The long-term appeal of dividend-paying stocks remains robust, especially for investors aiming to reduce risk while still pursuing growth. Ramona Persaud, portfolio manager of the Fidelity Equity-Income Fund and Fidelity Global Equity Income Fund, typically prefers high-quality companies that offer reliable dividends and are attractively priced. She highlighted that declining interest rates can benefit dividend stocks, as their yields become more appealing compared to bonds. Additionally, Persaud mentioned that lower rates could help drive broader market gains, unlike the recent performance, which was mainly driven by a few large growth stocks. Her investment strategy focuses on companies with strong balance sheets, consistent cash flows, and significant return potential. She also stresses the importance of valuation—seeking stocks that are reasonably priced compared to their peers and historical averages—while targeting dividend yields that stand out in the current market. This blend of quality, value, and income, she believes, has contributed to the fund's strong performance in both rising and declining markets. Dividend stocks are gaining popularity once more in the current market, following two years of losses amid the dominance of high-performing tech stocks. The Dividend Aristocrat Index, which tracks the performance of companies with at least 25 consecutive years of dividend growth, is down by a little over 2% since the start of 2025, compared with a nearly 6% decline in the broader market. This trend indicates that dividends are gaining traction, with more companies introducing dividend policies and existing dividend payers gradually increasing their payouts to attract investors. An S&P Global report projects that 408 companies in the broader market will pay dividends in 2025. Of these, nearly 350 are expected to raise their dividends over the next year, contributing to an estimated 6% growth in total dividends compared to the previous year. In the overall US market, aggregate dividend growth is forecasted to be 4.6% in 2025. Since S&P companies account for about 85% of all US dividend payments, the S&P index serves as a reliable indicator of broader dividend trends. Dividend stocks are also a key component of many billionaire investors' portfolios. For instance, Warren Buffett has been earning billions annually from dividend stocks, setting a strong example for other investors, as his strategies are highly regarded. In fact, nearly 90% of the companies in his Q4 portfolio pay dividends, and many of them are also known for growing their dividends over time. A closeup of an assembly line worker inspecting a newly produced jar of condiments and sauces. To compile this list, we screened for dividend stocks that have strong financials and solid dividend policies. From that group, we picked 10 companies that were most popular among billionaire investors, as per Insider Monkey's billionaire database of Q4 2024. The stocks are ranked according to the number of billionaires having stakes in them. At Insider Monkey, we are obsessed with hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). Number of Billionaire Holders: 15 An American multinational food company, The Kraft Heinz Company (NASDAQ:KHC) offers a wide range of food and beverage products. The company reported mixed results for Q4 2024, with weak sales offset by improved profitability. Adjusted earnings per share were $0.84, exceeding expectations by $0.06, partly due to favorable tax effects and a reduction in shares outstanding. Revenue decreased by 5% year-over-year to $6.58 billion, falling short of the anticipated $6.66 billion, with continued softness in organic sales. In the crucial U.S. market, net sales dropped by 3.9%, as price hikes were not enough to compensate for lower sales volumes. Despite these challenges, The Kraft Heinz Company (NASDAQ:KHC) maintained a solid financial position throughout fiscal 2024. Free cash flow grew by 6% year-over-year, reaching $3.2 billion, and operating cash flow rose by 5.2%, totaling $4.2 billion. The company also returned $2.7 billion to shareholders through dividends and share buybacks. Its quarterly dividend comes in at $0.42 per share and has a dividend yield of 5.43%, as of April 27. Warren Buffett was the largest stakeholder in The Kraft Heinz Company (NASDAQ:KHC) at the end of Q4 2024. The hedge fund owned over 325 million shares in the company, worth over $10 billion. Overall, KHC ranks 9th on our list of the best long-term dividend stocks according to billionaires. While we acknowledge the potential of KHC as an investment, our conviction lies in the belief that some deeply undervalued dividend stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for a deeply undervalued dividend stock that is more promising than KHC but that trades at 10 times its earnings and grows its earnings at double digit rates annually, check out our report about the . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at . Sign in to access your portfolio
Yahoo
29-04-2025
- Business
- Yahoo
Walmart Inc. (WMT): One of the Best Long-Term Dividend Stocks to Buy According to Billionaires
We recently published a list of the . In this article, we are going to take a look at where Walmart Inc. (NYSE:WMT) stands against other best long-term dividend stocks. Dividend stocks are increasingly popular with both every day and billionaire investors. A CNBC report noted that for many, dividend stocks are always a solid choice, offering a steady income from corporate cash flow, which provides stability despite fluctuations in stock prices. With both the stock and bond markets experiencing significant volatility, these stocks are becoming even more attractive, serving as a balanced option between growth and yield for a broader range of investors. The long-term appeal of dividend-paying stocks remains robust, especially for investors aiming to reduce risk while still pursuing growth. Ramona Persaud, portfolio manager of the Fidelity Equity-Income Fund and Fidelity Global Equity Income Fund, typically prefers high-quality companies that offer reliable dividends and are attractively priced. She highlighted that declining interest rates can benefit dividend stocks, as their yields become more appealing compared to bonds. Additionally, Persaud mentioned that lower rates could help drive broader market gains, unlike the recent performance, which was mainly driven by a few large growth stocks. Her investment strategy focuses on companies with strong balance sheets, consistent cash flows, and significant return potential. She also stresses the importance of valuation—seeking stocks that are reasonably priced compared to their peers and historical averages—while targeting dividend yields that stand out in the current market. This blend of quality, value, and income, she believes, has contributed to the fund's strong performance in both rising and declining markets. Dividend stocks are gaining popularity once more in the current market, following two years of losses amid the dominance of high-performing tech stocks. The Dividend Aristocrat Index, which tracks the performance of companies with at least 25 consecutive years of dividend growth, is down by a little over 2% since the start of 2025, compared with a nearly 6% decline in the broader market. This trend indicates that dividends are gaining traction, with more companies introducing dividend policies and existing dividend payers gradually increasing their payouts to attract investors. An S&P Global report projects that 408 companies in the broader market will pay dividends in 2025. Of these, nearly 350 are expected to raise their dividends over the next year, contributing to an estimated 6% growth in total dividends compared to the previous year. In the overall US market, aggregate dividend growth is forecasted to be 4.6% in 2025. Since S&P companies account for about 85% of all US dividend payments, the S&P index serves as a reliable indicator of broader dividend trends. Dividend stocks are also a key component of many billionaire investors' portfolios. For instance, Warren Buffett has been earning billions annually from dividend stocks, setting a strong example for other investors, as his strategies are highly regarded. In fact, nearly 90% of the companies in his Q4 portfolio pay dividends, and many of them are also known for growing their dividends over time. A manager standing in a hypermarket, pointing out items available for wholesale. To compile this list, we screened for dividend stocks that have strong financials and solid dividend policies. From that group, we picked 10 companies that were most popular among billionaire investors, as per Insider Monkey's billionaire database of Q4 2024. The stocks are ranked according to the number of billionaires having stakes in them. At Insider Monkey, we are obsessed with hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). Number of Billionaire Holders: 20 An American retail corporation, Walmart Inc. (NYSE:WMT) is headquartered in Arkansas. The total number of Walmart stores worldwide fell from 11,501 at the end of fiscal 2020 to 10,593 by the close of fiscal 2022, largely due to its divestments in international markets. Since then, however, the company has steadily expanded its presence, finishing fiscal 2025 with 10,711 physical stores. This consistent growth is expected to strengthen its competitive advantage and help it maintain its leadership over smaller retail rivals. In the fourth quarter of 2024, Walmart Inc. (NYSE:WMT) reported a 4.1% year-over-year increase in revenue, reaching $180.6 billion. On a constant currency basis, revenue growth was even stronger at 5.3%. Operating income grew by 8.3%, supported by better gross margins, rising membership income, and strong performance in its e-commerce business. For the full fiscal year, Walmart Inc. (NYSE:WMT) generated $36.4 billion in operating cash flow and ended the period with $9 billion in cash and cash equivalents. The company also returned $4.5 billion to shareholders through share repurchases and announced a 13% increase in its quarterly dividend to $0.235 per share, the largest dividend hike it has made in more than a decade. It has now raised its dividend for 52 consecutive years, which makes it one of the best dividend stocks according to billionaires. It currently pays a quarterly dividend of $0.235 per share and has a dividend yield of 0.99%, as of April 27. Cliff Asness' was one of the company's leading stakeholders in Q4 2024. Overall, WMT ranks 3rd on our list of the best long-term dividend stocks according to billionaires. While we acknowledge the potential of WMT as an investment, our conviction lies in the belief that some deeply undervalued dividend stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for a deeply undervalued dividend stock that is more promising than WMT but that trades at 10 times its earnings and grows its earnings at double digit rates annually, check out our report about the . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at . Sign in to access your portfolio
Yahoo
29-04-2025
- Business
- Yahoo
The Kraft Heinz Company (KHC): Among the Best Long-Term Dividend Stocks to Buy According to Billionaires
We recently published a list of the . In this article, we are going to take a look at where The Kraft Heinz Company (NASDAQ:KHC) stands against other best long-term dividend stocks. Dividend stocks are increasingly popular with both every day and billionaire investors. A CNBC report noted that for many, dividend stocks are always a solid choice, offering a steady income from corporate cash flow, which provides stability despite fluctuations in stock prices. With both the stock and bond markets experiencing significant volatility, these stocks are becoming even more attractive, serving as a balanced option between growth and yield for a broader range of investors. The long-term appeal of dividend-paying stocks remains robust, especially for investors aiming to reduce risk while still pursuing growth. Ramona Persaud, portfolio manager of the Fidelity Equity-Income Fund and Fidelity Global Equity Income Fund, typically prefers high-quality companies that offer reliable dividends and are attractively priced. She highlighted that declining interest rates can benefit dividend stocks, as their yields become more appealing compared to bonds. Additionally, Persaud mentioned that lower rates could help drive broader market gains, unlike the recent performance, which was mainly driven by a few large growth stocks. Her investment strategy focuses on companies with strong balance sheets, consistent cash flows, and significant return potential. She also stresses the importance of valuation—seeking stocks that are reasonably priced compared to their peers and historical averages—while targeting dividend yields that stand out in the current market. This blend of quality, value, and income, she believes, has contributed to the fund's strong performance in both rising and declining markets. Dividend stocks are gaining popularity once more in the current market, following two years of losses amid the dominance of high-performing tech stocks. The Dividend Aristocrat Index, which tracks the performance of companies with at least 25 consecutive years of dividend growth, is down by a little over 2% since the start of 2025, compared with a nearly 6% decline in the broader market. This trend indicates that dividends are gaining traction, with more companies introducing dividend policies and existing dividend payers gradually increasing their payouts to attract investors. An S&P Global report projects that 408 companies in the broader market will pay dividends in 2025. Of these, nearly 350 are expected to raise their dividends over the next year, contributing to an estimated 6% growth in total dividends compared to the previous year. In the overall US market, aggregate dividend growth is forecasted to be 4.6% in 2025. Since S&P companies account for about 85% of all US dividend payments, the S&P index serves as a reliable indicator of broader dividend trends. Dividend stocks are also a key component of many billionaire investors' portfolios. For instance, Warren Buffett has been earning billions annually from dividend stocks, setting a strong example for other investors, as his strategies are highly regarded. In fact, nearly 90% of the companies in his Q4 portfolio pay dividends, and many of them are also known for growing their dividends over time. A closeup of an assembly line worker inspecting a newly produced jar of condiments and sauces. To compile this list, we screened for dividend stocks that have strong financials and solid dividend policies. From that group, we picked 10 companies that were most popular among billionaire investors, as per Insider Monkey's billionaire database of Q4 2024. The stocks are ranked according to the number of billionaires having stakes in them. At Insider Monkey, we are obsessed with hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). Number of Billionaire Holders: 15 An American multinational food company, The Kraft Heinz Company (NASDAQ:KHC) offers a wide range of food and beverage products. The company reported mixed results for Q4 2024, with weak sales offset by improved profitability. Adjusted earnings per share were $0.84, exceeding expectations by $0.06, partly due to favorable tax effects and a reduction in shares outstanding. Revenue decreased by 5% year-over-year to $6.58 billion, falling short of the anticipated $6.66 billion, with continued softness in organic sales. In the crucial U.S. market, net sales dropped by 3.9%, as price hikes were not enough to compensate for lower sales volumes. Despite these challenges, The Kraft Heinz Company (NASDAQ:KHC) maintained a solid financial position throughout fiscal 2024. Free cash flow grew by 6% year-over-year, reaching $3.2 billion, and operating cash flow rose by 5.2%, totaling $4.2 billion. The company also returned $2.7 billion to shareholders through dividends and share buybacks. Its quarterly dividend comes in at $0.42 per share and has a dividend yield of 5.43%, as of April 27. Warren Buffett was the largest stakeholder in The Kraft Heinz Company (NASDAQ:KHC) at the end of Q4 2024. The hedge fund owned over 325 million shares in the company, worth over $10 billion. Overall, KHC ranks 9th on our list of the best long-term dividend stocks according to billionaires. While we acknowledge the potential of KHC as an investment, our conviction lies in the belief that some deeply undervalued dividend stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for a deeply undervalued dividend stock that is more promising than KHC but that trades at 10 times its earnings and grows its earnings at double digit rates annually, check out our report about the . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at .
