Steve Mandel's top dividend stocks (February 2026) include Philip Morris International Inc (PM), a leading global tobacco company diversifying into smoke-free products.

Steve Mandel is the founder and managing director of Lone Pine Capital, a prominent investment firm known for its detailed fundamental research. His investment philosophy generally involves identifying high-quality businesses with durable competitive advantages and strong growth prospects, often taking significant positions in companies he believes are undervalued over the long term.

Philip Morris International Inc (PM)

Philip Morris International is a global tobacco giant, best known for manufacturing and selling cigarettes like Marlboro outside the U.S. The company is also a significant player in the rapidly evolving smoke-free product category, including heated tobacco and e-vapor products, as it aims for a future without traditional cigarettes. Steve Mandel's portfolio currently holds a position in PM valued at $828.02 million. Shareholders are presently seeing a dividend yield of approximately 3.60%, with a trailing twelve-month dividend rate standing at $5.52 per share. Looking ahead, analysts have set a price target of $180.25, and a discounted cash flow analysis indicates a value of around $252.58.

Here's an overview of Steve Mandel's trades in Philip Morris International Inc:
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Starbucks Corp. (SBUX)

Starbucks Corporation is a global coffeehouse chain, offering a wide array of coffee, tea, beverages, and food items. With thousands of locations worldwide, Starbucks has established itself as a leading purveyor of specialty coffee and a prominent third place between home and work. As of the latest disclosure, Steve Mandel's current value of the position in Starbucks is $511.42 million. The company provides a dividend yield of about 2.66%, complemented by a trailing twelve-month dividend rate of $2.45. The average analyst price target for Starbucks is $100.94, while its discounted cash flow suggests a value of $80.15.

Here's an overview of Steve Mandel's trades in Starbucks Corp.:
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Capital One Financial Corp. (COF)

Capital One Financial Corporation is a diversified financial services company specializing in credit cards, auto loans, banking, and savings products. Serving millions of customers, it operates across various segments, providing consumer and commercial banking services. The current value of this position in Steve Mandel's portfolio is $562.54 million. Investors in Capital One can expect a dividend yield of approximately 1.10%, with its trailing twelve-month dividend rate at $2.40. Analysts project an average price target of $275.52 for the stock, and a discounted cash flow model suggests a valuation of $685.53.

Here's an overview of Steve Mandel's trades in Capital One Financial Corp.:
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EQT Corp (EQT)

EQT Corporation stands as the largest natural gas producer in the United States, primarily focused on the Appalachian Basin. The company is dedicated to responsibly developing its vast acreage, playing a crucial role in providing energy to homes and industries across the nation. Steve Mandel's current EQT holding is valued at $482.73 million. EQT offers a dividend yield of around 1.10%, with a trailing twelve-month dividend rate of $0.64 per share. Based on discounted cash flow analysis, the company holds a value of $177.44.

Here's an overview of Steve Mandel's trades in EQT Corp:
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Taiwan Semiconductor Manufacturing - ADR (TSM)

Taiwan Semiconductor Manufacturing Company (TSMC) is the world's largest dedicated independent semiconductor foundry. It manufactures integrated circuits for a wide range of customers using advanced process technologies, making it a critical supplier to the global technology industry. Steve Mandel's portfolio currently includes a TSM position with a value of $1.01 billion. The stock provides a dividend yield of approximately 1.07%, reflecting a trailing twelve-month dividend rate of $2.43. Analysts have assigned an average price target of $376.43, and a discounted cash flow valuation comes in at $192.23.

Here's an overview of Steve Mandel's trades in Taiwan Semiconductor Manufacturing - ADR:
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