Vodafone Group Plc (ADR) (NASDAQ:VOD), Compuware Corporation (NASDAQ:CPWR) and Colony Financial Inc (NYSE:CLNY) are among the top three high dividend stocks in Paulson & Co hedge fund. John Paulson who became famous after his $5 billion profit from bets placed on gold is managing the fund. (You can see entire list of John Paulson’s Holdings here).
John Paulson has 26 million shares of Vodafone Group Plc (ADR) (NASDAQ:VOD) with current market value of $891 million. It forms 3.86% of Paulson’s portfolio and has a dividend yield of 6.89%. The company has a market cap of $90.40 billion with its shares trading at around $34.06 and P/E ratio of 4.89. Vodafone Group Plc (ADR) (NASDAQ:VOD) reported group revenue of £10.2 billion for the second quarter 2014 with £9.4 billion group service revenue.
Compuware Corporation (NASDAQ:CPWR) is another high dividend stock out of Paulson’s portfolio. Paulson & Co holds 14.25 million stocks of the company with current value at $142 million. Compuware Corporation (NASDAQ:CPWR) has a market cap of $2.06 billion and a dividend yield of 5.37%. The company reported net revenue of $164.5 million with non-GAAP earnings of $0.05 and $22 million cash flow from its operations.
Another high dividend stock of Paulson & Co includes Colony Financial Inc (NYSE:CLNY) with 25 million shares worth $26 million. Colony Financial Inc (NYSE:CLNY) reported non-GAAP core earnings of $42.1 million or EPS of 46 cents. The company declared dividend of $0.36 per common share for the quarter. Its total income for quarter was $66.0 million with record deployment of $725 million in the quarter. It has a market cap of $2.45 billion with dividend yield of 6.45%. CLNY’s shares are trading at $22.31 with P/E ratio of 20.10.
This article has been written by Prakash Pandey and edited by Serkan Unal.