3 Top Dividend Stocks the Best Money Managers Like [Video]

Susan Dziubinski: Hi. I’m Susan Dziubinski with Morningstar.

To generate new dividend stock ideas for investors to consider, we’ve dug into the portfolios of the industry’s best concentrated fund managers. Concentrated fund managers invest in 30 to 75 stocks, which means they’re choosy about what they buy. And when they buy, they typically have high conviction in their purchases.

Specifically, we’ve isolated three prominent dividend stocks among the managers of concentrated large-cap funds that earn our top Morningstar Medalist Rating of Gold. Eleven funds made the cut. None of these dividend stocks looks like screaming bargains today. But they’re great candidates for a dividend stock watchlist.

1. Union Pacific UNP
2. ConocoPhillips COP
3. Bank of America BAC

The first dividend stock that the best large-cap money managers like is Union Pacific. Six of our best managers own this railroad stock in their portfolios. Union Pacific is the largest public railroad in North America. Like other railroads that Morningstar covers, we think Union …