For those unfamiliar, Steven Cohen is an American billionaire hedge fund manager that founded Point72 Asset Management and is the owner of Major League Baseball Team the New York Mets.

After tediously analyzing Point72 13F SEC filings for the second quarter of 2022, we can discover which positions hedge fund manager Cohen is bullish on and if the fund added more shares since the first quarter.

As Point72 Asset Management is extremely active making a noticeable amount of trades and repositioning for the second half of the year, here are five stocks offering dividends that Point72 has increased its stake in.

Kohl’s Corporation (NYSE: KSS) is offering a dividend yield of 6.38% or $2.00 per share annually making quarterly payments, with a track record of raising its dividends once over the past year. Although Kohl’s full year 2022 outlook is projecting net sales to decline by 5% to 6%, the company initiated a $500 million share repurchase agreement in the second quarter of 2022.

From the first quarter of 2022, Point72 Asset Management purchased 1,099,909 more shares of Kohl’s while placing a call option on 800,000 shares.

Agree …

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