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5 ‘Smart Money’ Dividend Stocks to Buy

A look at high-conviction income plays from five superinvestors

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David Einhorn: Apple

Yield: 1.8%

Our next guru is David Einhorn. Einhorn is better known for some of his high-profile short positions — he even wrote a book about his short of business development company Allied Capital, Fooling Some of the People All of the Time — but he certainly is not afraid to make large, concentrated long bets as well.

As of his most recent filings, former high-flyer Apple (NASDAQ:AAPL) was his largest holding by a wide margin at fully 15% of Greenlight Capital’s publicly traded long portfolio.

It is debatable whether Apple should be considered a “dividend stock” given that the company only recently started paying a dividend and yields less than the broader S&P 500. Still, given Apple’s gargantuan $100 billion cash hoard and continued shareholder agitation, it is safe to assume the dividend will be rising in the years ahead.

Article printed from InvestorPlace Media,

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