5 Best Dividend Stocks According to Bill Miller’s Miller Value Partners

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In this article, we discuss the 10 best dividend stocks according to Bill Miller’s Miller Value Partners. If you want to read our detailed analysis of the hedge fund’s past performance and investment strategies, go directly to read 10 Best Dividend Stocks According to Bill Miller’s Miller Value Partners

5. OneMain Holdings, Inc. (NYSE:OMF)

Number of Hedge Fund Holders: 44
Miller Value Partners’ Stake Value: $78,762,000
Dividend Yield as of February 27: 7.41%

The number of hedge funds tracked by Insider Monkey holding positions in OneMain Holdings, Inc. (NYSE:OMF) stood at 44 in Q4, with stakes valued at over $1 billion. In comparison, 41 hedge funds held stakes in the American financial services holding company in the previous quarter.

On February 2, OneMain Holdings, Inc. (NYSE:OMF) announced a quarterly dividend of $0.95 per share, growing it by 35%. The stock’s current dividend yield stood at 7.41%, as of February 27. This January, JPMorgan set a $56 price target on OneMain Holdings, Inc. (NYSE:OMF), while maintaining an Overweight rating on the shares.

In Q4 2021, Miller Value Partners held over 1.5 million shares in OneMain Holdings, Inc. (NYSE:OMF), valued at nearly $78.8 million. The company represented 2.15% of the hedge fund’s 13F portfolio.

Miller Value Partners mentioned OneMain Holdings, Inc. (NYSE:OMF) in its Q4 2021 investor letter. Here is what the firm has to say:

OneMain Holdings (OMF) dropped 8.4% over the period. The company reported Q3 EPS of $2.37, +9% Y/Y and ahead of consensus of $2.30 driven by interest income of $1.1Bn and a portfolio yield of 23.77%. Originations of $3.9Bn rose +34% Y/Y, driving end of period receivables to $18.9Bn while net charge-offs of 3.5% improved 167bps. Management maintained FY21 strategic priorities, including managed receivables growth of 8%-10%, a stable yield (>24%), and net charge-offs of 4.2%. Additionally, the company repurchased $100M of stock as part of Apollo Global Management’s 10.01M secondary offering while also increasing their current buyback authorization to $300M (from $200M).”



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