5 Best Dividend Stocks to Buy According to Billionaire David Tepper

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In this article we will take a look at the 5 best dividend stocks to buy according to billionaire David Tepper. If you want to read our detailed analysis of Tepper’s history and his hedge fund’s returns, go to 10 Best Dividend Stocks to Buy According to Billionaire David Tepper.

At Insider Monkey we leave no stone unturned when looking for the next great investment idea. For example, lithium mining is one of the fastest growing industries right now, so we are checking out stock pitches like this emerging lithium stock. We go through lists like the 10 best hydrogen fuel cell stocks to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our homepage. Keeping this in mind, let’s take a look at David Tepper’s top dividend picks:

5. ViacomCBS Inc. (NASDAQ: VIAC)

Tepper’s Stake Value: $155,370,000

Percentage of David Tepper’s 13F Portfolio: 2.23%

Dividend Yield: 2.27%

No. of Hedge Fund Holders: 89

ViacombCBS Inc. (NASDAQ: VIAC) is an American mass media company that ranks 5th on our list of the 10 best dividend stocks to buy according to billionaire David Tepper. The company was formed from a merger of CBS Corporation and Viacom in 2019.

ViacombCBS Inc. (NASDAQ: VIAC) has a market cap of $27 billion and the stock gained 14.23% year to date. Its dividend yield is 2.27% so far, or $0.96 a share. Like Micron Technology, Inc. (NASDAQ: MU), Amazon.com, Inc. (NASDAQ: AMZN), Facebook, Inc. (NASDAQ: FB), and Alphabet Inc (NASDAQ: GOOG), ViacombCBS Inc. (NASDAQ: VIAC) is a good stock pick from Appaloosa Management’s portfolio.

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