10 Best Dividend Stocks to Buy According to Billionaire Richard Chilton
In this article we will take a look at the 10 best dividend stocks to buy according to billionaire Richard Chilton. You can skip our detailed analysis of Richard Chilton’s history, investment philosophy, and hedge fund performance, and go directly to the
Richard Lockwood Chilton is an American investor, businessman, founder, chairman, and CEO of Chilton Investment Company. Chilton is a finance and economics graduate from Alfred University and worked at Merrill Lynch and Allen & Company before launching Chilton Investment Company in 1992. He has a net worth of around $1.2 billion, and his investment strategies are value-oriented based on fundamental research and disciplined portfolio management.
The hedge fund has been holding a position in Mastercard Incorporated (NYSE: MA) over the last eight years. It is the fifth-largest stock holding of billionaire.
Billionaire Richard Chilton’s Top 10 Stock Picks
Richard L. Chilton, Jr. established Chilton Investment Company in 1992 with the strategy of generating attractive returns by investing in low volatility stocks. Chilton’s hedge fund prefers holding stocks for a long term to enjoy dividends and steady growth. The fund’s top ten stock holdings account for more than half of its overall 13F portfolio value.
However, it doesn’t mean the firm falls in love with stocks blindly. A veteran of Merrill Lynch, Alliance Capital, and Allen & Company, Chilton seeks to adjust portfolios according to the market trends.
For instance, the hedge fund initiated a position in 13 stocks and added to its 70 existing positions during the September quarter while it exited position from 11 stocks and reduced its stake in 42 stocks.