Dan Loeb‘s Third point management has posted annualized returns of 15.7% since its inception in 1995 through December 2016.
In 2021, Third Point recorded an annualized return of 22.7%, as Markets posted record highs.
During the second quarter, Loeb purchased approximately 3.8 million shares of Ovintiv and 1 million shares of Ovintiv Walt Disney DIS. When selling the stake in the company Intuitive INTU and S&P Global SPGI.
See also: 3 Retail REITs With the Highest Upside According to Analysts
Discover two dividend stocks Loeb still owns despite the volatility.
- Ovintiv Inc. OVV offers a dividend yield of 2.18%, or $1.00 per share annually through quarterly payments, with a notable track record of increasing its dividends for three consecutive years. The Calgary, Canada-based oil and gas producer has significant assets in the Permian, Eagle Ford, Montney and Duvernay areas. “In the second quarter, we delivered our highest quarterly cash flow and free cash flow in over a decade – this result reflects the value we generate through our culture of innovation, leading capital efficiency, world-class multi-bass portfolio and disciplined capital allocation,” said Ovintiv CEO Brendan McCracken. Ovintiv has received regulatory approvals to extend its share repurchase program to purchase more than 24.8 common shares, or 10% of its public outstanding, beginning October 3, 2022 and ending October 2, 2023.
- United Health Group Inc. UNH offers a dividend yield of 1.30%, or $6.60 per share annually using quarterly payments, with a strong track record of growing its dividends over 12 years. The Minnetonka, Minnesota-based private health insurer has expanded its pharmacy and healthcare services following its 2011 merger with Optum. The company returned $4 billion to shareholders through dividends and share repurchases in the second quarter, and increased its dividend by 14% in June 2022. In the second quarter, UnitedHealth’s revenue rose 13% year over year to $80.3 billion, single-digit growth at…
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