5 Best Dividend Stocks According to Howard Marks’ Oaktree Capital Management

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In this article, we will discuss the 5 best dividend stocks according to Howard Marks’ Oaktree Capital Management. If you want to read our detailed analysis of the hedge fund and its investment strategy, go directly to read 10 Best Dividend Stocks According to Howard Marks’ Oaktree Capital Management

5. Uniti Group Inc. (NASDAQ:UNIT)

Number of Hedge Fund Holders: 14
Dividend Yield as of February 8: 5.20%
Oaktree Capital Management’s Stake Value: $42,028,000

Uniti Group Inc. (NASDAQ:UNIT) is an American real estate investment trust that mainly invests in the communications industry. In Q3 2021, Oaktree Capital held a stake worth over $42 million in the company, which represented 0.58% of its 13F portfolio. The hedge fund started investing in Uniti Group Inc. (NASDAQ:UNIT) during the third quarter of 2020.

Analysts have been skeptical about Uniti Group Inc. (NASDAQ:UNIT)’s dividend when the company cut its rather stable dividend of $0.60 per share by 91.7% during Q4 of 2019. However, the company’s 5-year dividend growth rate stands at 4.78%, with a safe payout ratio of 35.71%. Currently, Uniti Group Inc. (NASDAQ:UNIT) pays a quarterly dividend of $0.05 per share, which yields 5.20%.

Of the 867 hedge funds tracked by Insider Monkey, 14 hedge funds held stakes in Uniti Group Inc. (NASDAQ:UNIT) in Q3, valued at around $351 million. In the previous quarter, 16 hedge funds held a stake worth $295.6 million in the Arkansas-based company.



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