Billionaire Ken Griffin Is Buying These Dividend Stocks Hand Over Fist. Should You?

Ken Griffin, founder of Citadel, is one of the most successful hedge fund managers with a net worth of nearly $38 billion. Despite not needing dividend income, Griffin increased his stake in three dividend stocks in the first quarter of 2024.

One of Griffin’s top picks is Hess, a company that has raised its dividend payout by 75% since 2022. Another favorite is Bank of America, which offers a solid dividend yield of 2.4% and has shown strong growth potential. Lastly, Merck, a big pharma stock with a track record of annual dividend increases, has also caught Griffin’s eye.

While following the investments of successful hedge fund managers like Griffin can be tempting, it’s important to consider your own financial goals and risk tolerance before making any investment decisions. Hess, Bank of America, and Merck all have their own unique opportunities and challenges that investors should carefully evaluate before investing.