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10 Best Safe Dividend Stocks To Buy According to Billionaire Dan Loeb
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In this article we will take a look at the 10 best safe dividend stocks to buy according to billionaire Dan Loeb. You can skip our detailed analysis of Dan Loeb s history, investment philosophy, and hedge fund performance, and go directly to the
Daniel Seth Loeb is the founder and chief executive of Third Point, a value-oriented and event-driven investment company. The billionaire is known for investing in troubled companies with a goal of returning them to profitability. In 2014, he was described as one of the most successful activists in the hedge fund industry. Loeb’s 10 best safe dividend stocks to buy comprise of companies from various industries like Pactiv Evergreen Inc (NASDAQ: PTVE) in the food and beverage industry, UnitedHealth Group Inc (NYSE: UNH) in the health and insurance industry and Microsoft Corporation (NASDAQ: MSFT) in the technology industry.
Billionaire Dan Loeb’s Top 10 Stock Picks
Dan Loeb’s Hedge Fund’s Returns
Daniel Seth Loeb is an American billionaire and hedge fund manager who founded Third Point Management in 1995. As of the end of 2020, the New York-based hedge fund has over $13 billion in managed securities. The 59-year-old billionaire whose worth stands at $3.6 billion proved his stock-picking skills in 2020 as his hedge fund gained 7.2% in December and 20.6% in 2020. When the hedge fund industry was getting clobbered by the short squeeze initiated by retail and Reddit investors, Third Point was gaining as the fund returned 1.9% in January.
Talking about the GameStop drama in his latest letter to investors, Loeb said: