5 Best Dividend Stocks to Buy According to Billionaire Howard Marks

4. Fortress Transportation and Infrastructure Investors LLC (NYSE: FTAI)

Marks’ Stake Value: $46,319,000
Percentage of Howard Marks’ 13F Portfolio: 0.64%
Dividend Yield: 3.97%
Number of Hedge Fund Holders: 12

Fortress Transportation and Infrastructure Investors LLC (NYSE: FTAI) owns and develops infrastructure and associated equipment for the transit of merchandise and people in Africa, Asia, Europe, North America, and South America. It was founded in 2011 and is ranked fourth on the list of 10 best dividend stocks to buy according to billionaire Howard Marks. Fortress Transportation currently has a $2.85 billion market capitalization and was able to deliver a 154.02% return in the past 12 months.

Fortress Transportation is a good option for dividend investors as the company has paid dividends every year since 2015. On April 29, the company declared a quarterly dividend of $0.33 per share in line with the previous. On June 16, Citi resumed coverage on Fortress Transportation and Infrastructure Investors LLC (NYSE: FTAI) rating it as “Buy,” and set a price target at $40.

At the end of the first quarter of 2021, Oaktree Capital Management owned 1.64 million shares in Fortress Transportation and Infrastructure Investors LLC (NYSE: FTAI), worth $46.32 million. This represented 0.64% of the investment portfolio of Oaktree Capital Management. The company is getting the attention of the smart money, as 12 hedge funds tracked by Insider Monkey reported owning stakes in the company in the first quarter of 2021, down from 15 funds a quarter earlier.