Ken Griffin's top 5 high-dividend stocks

Ken Griffin's Citadel Investment Group ranks among the 15 largest hedge funds by assets under management. The hedge fund generated over $28 billion in revenue in 2022, according to Trade Algo. Wellington, the firm's flagship fund, delivered a 38.1% return last year, compared with an 18% drop in the S&P 500. 

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Ken Griffin remained the world's top hedge fund manager as his hedge fund recorded $16 billion in gains in 2022, according to LCH Investments' annual ranking. The performance of Citadel has also exceeded John Paulson's 'greatest trade ever' of 2007, in which he earned over $15 billion in a single trade. It has been estimated that the billionaire will have a real-time net worth of over $33 billion by the end of 2023, up from $12 billion in 2020.

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Citadel Investment Group is a hedge fund that specializes in quantitative investment ideas that follow a variety of different investment themes. In order to invest in different markets, the hedge fund uses complex mathematical models as well as advanced computer technology. Aside from that, the firm also conducts meticulous research in order to analyze risks for the purpose of building portfolios. Despite these strategies, the firm has succeeded in gaining nearly $66 billion since its inception in 1990 thanks to its investment strategies, according to Forbes.

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Citadel is also on the verge of achieving profits this year after giving a record-breaking performance in 2022. According to Reuters, Wellington's fund gained 2.08% in January.

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As of the close of the fourth quarter of 2022, Citadel Investment Group's 13F portfolio was valued at over $428 billion, down from $438 billion as of the close of the previous quarter. Hedge funds make investments in a variety of sectors, with technology, services, and consumer goods being the most popular industries in which to invest. Among some of the prominent holdings of the firm are Tesla Inc. (NASDAQ: TSLA), Microsoft Corporation (NASDAQ: MSFT), and Apple Inc. (NASDAQ: AAPL). Nevertheless, we will be discussing the top dividend stocks that billionaire Ken Griffin has picked over the years in this article.

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5. Citigroup Inc. (NYSE: C)

Citadel Investment Group’s Stake Value: $188,051,776

Dividend Yield as of February 17: 3.98%

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Citigroup Inc. (NYSE: C) is a multinational investment bank and financial services company based in New York City that serves more than 200 million customers in more than 160 countries around the world. With the company's efforts to build capital and execute its consumer business, Chase raised the price target on the stock to $60 in January with a Buy rating on the shares, highlighting the company's efforts to build capital and execute its consumer business.

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Citadel Investment Group owned over 4.1 million shares of Citigroup Inc. (NYSE: C) at the end of Q4 2022, valued at over $188 million. During the quarter, the hedge fund increased its stake in the company by 81%. 0.04% of the firm's 13F portfolio was allocated to the company.

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Citigroup Inc. (NYSE: C) announced a $0.51 quarterly dividend on January 12, which is in line with its previous dividend. As of February 17, the stock yielded 3.98%. The stock is one of billionaire Ken Griffin's top picks for high dividends.

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Citigroup Inc. (NYSE: C) was owned by 85 hedge funds, up from 82 hedge funds at the end of Q3 2022. Collectively, these stakes are worth over $7.1 billion.

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4. Bristol-Myers Squibb Company (NYSE: BMY)

Citadel Investment Group’s Stake Value: $221,573,766

Dividend Yield as of February 17: 3.21%

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The Bristol-Myers Squibb Company (NYSE: BMY) is a multinational pharmaceutical company based in the United States that offers innovative medical solutions to its patients. There was a 5.6% increase in the quarterly dividend declared by the company on December 8, which was raised to $0.57 per share. It was the company's 17th consecutive year of dividend growth, which makes it one of billionaire Ken Griffin's top high-dividend stock picks, and it is also the company's 18th consecutive year of dividend growth. As of February 17, the dividend yield on the stock was 3.21%, which is a relatively high yield.

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Cantor Fitzgerald initiated its coverage of Bristol-Myers Squibb Company (NYSE: BMY) at the beginning of January, with an Overweight rating and a price target of $95 for the stock. According to the firm, the company has one of the best growth profiles for 2023 among US pharma companies.

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The Citadel Investment Group increased its position in Bristol-Myers Squibb Company (NYSE: BMY) by 1,285% in Q4 of 2022, bringing its total stake in the company to over $221.5 million, representing 0.05% of the firm's 13F portfolio as of Q4 of 2022.

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Bristol-Myers Squibb Company (NYSE: BMY) was owned by 68 hedge funds in Insider Monkey's database at the end of Q3 2022, totaling over $1.7 billion.

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3. Cisco Systems, Inc. (NASDAQ: CSCO)

Citadel Investment Group’s Stake Value: $223,259,001

Dividend Yield as of February 17: 3.08%

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Cisco Systems, Inc. (NASDAQ: CSCO) is an American multinational company specializing in digital communications. As a result of the company's recent quarterly earnings, Loop Capital responded in February by raising its price target on the stock to $66 with a Buy rating on the shares. It was also emphasized that the company's revenue growth had reached its 'decade-high' level.

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Billionaire Ken Griffin owns over 4.6 million shares of Cisco Systems, Inc. (NASDAQ: CSCO), worth $223.2 million, making it one of his top high-dividend picks. Citadel's 13F portfolio included the company, which represented 0.05% of Citadel's portfolio.

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Cisco Systems, Inc. (NASDAQ: CSCO) increased its quarterly dividend by 1 cent to $0.39 per share on February 15. With this increase, the company has increased dividends for 12 consecutive years. The stock has a dividend yield of 3.08% as of February 17.

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In Q3 2022, Cisco Systems, Inc. (NASDAQ: CSCO) was a part of 68 hedge fund portfolios, compared with 63 hedge fund portfolios in the previous quarter, according to Insider Monkey's database. A total of $2.78 billion is the total value of the stakes owned by these hedge funds.

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2. Broadcom Inc. (NASDAQ: AVGO)

Citadel Investment Group’s Stake Value: $238,323,572

Dividend Yield as of February 17: 3.10%

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One of billionaire Ken Griffin's top high-dividend stock picks is Broadcom Inc. (NASDAQ: AVGO). Over the past 12 years, the semiconductor company has consistently raised its dividends. As of February 17, it pays a quarterly dividend of $4.60 per share and has a dividend yield of 3.10%.

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Citadel Investment Group owned shares in Broadcom Inc. (NASDAQ: AVGO) worth over $238.3 million at the end of Q4 2022. The firm's 13F portfolio included 0.05% of the company.

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Broadcom Inc. (NASDAQ: AVGO) is owned by 74 hedge funds tracked by Insider Monkey in Q3 2022, up from 66 in the previous quarter. It is estimated that these stakes are worth over $4.4 billion collectively.

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1. U.S. Bancorp (NYSE: USB)

Citadel Investment Group’s Stake Value: $296,388,126

Dividend Yield as of February 17: 3.97%

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U.S. Bancorp (NYSE: USB) is a financial services company with its headquarters in Minneapolis, Minnesota. As of the end of Q4 2022, Citadel Investment Group owned nearly 6.8 million shares of the company, valued at over $296.3 million at the end of the quarter. According to the firm's 13F portfolio, the company represented 0.06% of the firm's holdings. In the fourth quarter of 2010, the hedge fund made an investment in the company, and it has been investing there ever since.

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Among the high-dividend stocks that billionaire Ken Griffin favors investing in, U.S. Bancorp (NYSE: USB) currently pays a quarterly dividend of $0.48 per share, making it one of his top high-dividend picks. As of February 17, the stock's dividend yield stood at 3.97%, which is the highest dividend yield in the stock's history. For the past 12 years, the company has been rewarding shareholders by increasing their dividends every year.

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As of Q3 2022, hedge funds remain bullish on U.S. Bancorp (NYSE: USB), with 52 hedge fund positions, up from 43 the previous quarter. These hedge funds have a total stake value of roughly $4.8 billion.