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

3. Chimera Investment Corporation (NYSE:CIM)

Number of Hedge Fund Holders: 18
Miller Value Partners’ Stake Value: $8,466,000
Dividend Yield as of February 27: 10.79%

This January, Barclays asserted that the housing market is expected to grow well after the pandemic, generating solid fundamentals for consumer finance. Given this, the firm lifted its price target on Chimera Investment Corporation (NYSE:CIM) to $14, with an Underweight rating on the shares.

In the second quarter of 2020, Chimera Investment Corporation (NYSE:CIM) cut its dividend by 40% due to the pandemic. However, in 2021, the company raised its quarterly dividend by 10% at $0.33 per share. The stock’s dividend yield, as recorded on February 27, stood at 10.79%. In Q4 2021, Miller Value Partners held a stake worth roughly $8.5 million in Chimera Investment Corporation (NYSE:CIM). The company made up 0.23% of Bill Miller’s portfolio.

By the end of Q4 2021, 18 hedge funds tracked by Insider Monkey held stakes in Chimera Investment Corporation (NYSE:CIM), up from 16 in the previous quarter. The total value of these stakes is over $183.3 million.