Billionaire investors are buying high-yield dividend stocks such as Sirius XM, CVS Health, Philip Morris

From Nasdaq: 2025-02-05 04:51:00

The stock market has been soaring in 2023, with the Dow Jones, S&P 500, and Nasdaq all posting significant gains. However, the market is historically pricey, leading some investors to seek safer options such as high-yield dividend stocks like Sirius XM Holdings, CVS Health, and Philip Morris International.

Warren Buffett has been buying shares of Sirius XM Holdings, a legal monopoly with a 4.5% dividend yield. Dan Loeb is investing in CVS Health, a pharmacy giant with a 4.71% yield. Stanley Druckenmiller has purchased shares of Philip Morris International, a global tobacco company with a 4.15% yield.

These high-yield stocks offer safety, value, and income in an expensive market, making them attractive options for billionaire money managers like Buffett, Loeb, and Druckenmiller.



Read more at Nasdaq: Billionaire Money Managers Are Piling Into 3 High-Yield Dividend Stocks Amid a Historically Pricey Stock Market