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

4. Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Number of Hedge Fund Holders: 5
Miller Value Partners’ Stake Value: $7,593,000
Dividend Yield as of February 27: 7.65%

Alliance Resource Partners, L.P. (NASDAQ:ARLP) is an American natural resource company that distributes steam coal to major utilities and industrial companies in the country. In Q4 2021, Miller Value Partners increased its stake in the company significantly by 85%, equaling roughly $7.6 million. Alliance Resource Partners, L.P. (NASDAQ:ARLP) accounted for 0.2% of Bill Miller’s portfolio.

By the end of Q4 2021, 5 hedge funds tracked by Insider Monkey held a roughly $80 million worth of stake in Alliance Resource Partners, L.P. (NASDAQ:ARLP). In the previous quarter, 6 hedge funds held stakes in the company, valued at over $72.5 million.

On January 28, Alliance Resource Partners, L.P. (NASDAQ:ARLP) increased its quarterly dividend by 25% at $0.25 per share. The stock’s dividend yield stood at 7.65%, as recorded on February 27. Alliance Resource Partners, L.P. (NASDAQ:ARLP) delivered a 114.2% return to shareholders in the past year, as of the market close of February 27.