5 Best Dividend Stocks to Buy According to Billionaire George Soros

In this article, we discuss the 5 best tech and dividend stocks to buy according to billionaire George Soros. If you want to read our detailed analysis of Soros’ history and hedge fund performance, go directly to the 10 Best Dividend Stocks to Buy According to Billionaire George Soros.

5. Western Midstream Partners, LP (NYSE: WES)

Soros’s Stake Value: $1,758,000
Percentage of George Soros’s 13F Portfolio: 0.03%
Dividend Yield: 5.97%
Number of Hedge Fund Holders: 8

Western Midstream Partners, LP (NYSE: WES) is an American company, which possesses, expands, and functions midstream assets. The company was founded in 2007 and is placed fifth on our list of 10 best dividend stocks to buy according to billionaire George Soros. Western Midstream Partners stock has offered investors more than 82% in returns over the past year.

In April, Western Midstream Partners declared a quarterly dividend of $0.135, which was 1.3% more than its prior dividend of $0.31. The forward yield is 5.72%. On May 26, the stock was upgraded at Morgan Stanley to “Equalweight” from “Underweight,” with a price target of $22.00. 

Soros Fund Management owns 94,550 shares in the company worth over $1.76 million. At the end of the first quarter of 2021, 8 hedge funds in the database of Insider Monkey held stakes worth $127.46 million in Western Midstream Partners, LP (NYSE: WES), down from 10 the preceding quarter worth $107.33 million.