Robert Soros is the founder of Soros Capital Management and the eldest son of a billionaire investor George Soros. Robert Soros began his career at Soros Fund Management in 1994 and resigned as Vice Chairman and President in June 2017.
When Robert Soros resigned, Soros Fund Management had $26 billion under management.
He then founded Soros Capital Management, a New York-based family office that made a name for itself by backing the Japanese deferred online payment services company Paidwhich was acquired from PayPal Holdings Inc PYPL in 2021 for $2.7 billion.
Here are two dividend stocks Soros Capital Management holds in its portfolio.
SPDR S&P 500 ETF Trust SPY offers a dividend yield of 1.66%, or $6.39 per share annually using quarterly payments, with a mixed track record of growing its dividend payments. The SPDR S&P 500 ETF is an exchange-traded fund designed to track the S&P 500 stock market index and is one of the largest and oldest ETFs in the world.
As of Q2, Soros holds capital management call options to 80,000 shares of SPY, up 15,000 shares from Q1’s 13F filings. The SPDR S&P 500 ETF is Robert Soros’ second most-held position, accounting for 13% of the total portfolio.
Suncor Energy Inc SO offers a dividend yield of 6.06%, or $1.88 per share annually through quarterly payments, with a mixed track record of growing its dividend payments. Suncor Energy is an integrated energy company developing petroleum resources while driving the transition to a low-carbon future through investments in electricity, renewable fuels and hydrogen.
Interim President and Chief Executive Officer Chris Smith said, “Our confidence in our business and anticipated annual cash flows enabled us to return approximately $3.2 billion in value to our shareholders, which is both the highest dividend per…
