James Harris Simons, popularly known as Jim Simons, is one of the most iconic figures in hedge fund history. Renaissance Technologies relies on quantitative techniques that are based on statistical and mathematical models to achieve systematic trading. Its popular Medallion Fund, which is exclusively available to former and existing partners, was up 9.1% in Q1 2021, continuing its trend from the previous year, during which the fund gained 76%. The hedge fund has a robust portfolio that is spread out across multiple industrial segments.
In this article, Insider Monkey focuses on Simons’ high-yield dividend picks. Here are the 10 best high yield dividend stocks to buy according to billionaire Jim Simons. Altus Midstream Company runs gas collection, processing, and transmission activities in the Delaware Basin. According to Jim Simon’s hedge fund, the healthy dividend payout makes it one of the best high-yield dividend stocks. KNOT Offshore Partners LP announced a quarterly dividend of $0.52 per share for Q1 2021, aligning with its $2.08 annual dividend. This also makes it one of the best high yield dividend stocks on Renaissance Technologies’ portfolio. National Presto Industries Inc. has a wide range of products, mainly kitchenware. Natural Health Trends sells wellness, health, and vitality products through direct selling networks that distribute the products to international markets. The products include cremes, lip gross, dietary supplements, and skincare products. Hoegh LNG Partners LP recently announced a quarterly cash distribution or dividend of $0.44 per common share in line with its annual dividend of $1.76 per share, making it one of the best high dividend stocks. The company’s operating income in Q4 2020 was $25.5 million, while its net income was $18.5 million. Read the conclusion in The 10 Best High Yield Dividend Stocks to Buy According to Billionaire Jim Simons.