5 Best Dividend Stocks to Buy According to Billionaire Howard Marks

3. Vistra Corp. (NYSE: VST)

Marks’ Stake Value: $595,266,000
Percentage Howard Marks’ 13F Portfolio: 10.25%
Dividend Yield: 3.7%
No. of Hedge Fund Holders: 39

Vistra Corp. (NYSE: VST) and its subsidiaries are known for electricity business across the U.S. The company recently announced to have offered a $1.25 billion aggregate principal amount meant for notes due 2029. The company intends to use net proceeds in funding its outstanding $1.25 billion term loan. Additionally, the amount will also be used to clear off expenses and fees associated with the offering. 

The company has also additionally been awarded a grant from the Department of Energy (DOE). This is a federal grant which aims at studying the energy storage system of Malta. Ongoing Operations Adjusted EBITDA of Vistra Corp. (NYSE: VST) in 2020 was $3,766 million, an approximate increase of 11% from 2019. The overall rating of Vistra is “Buy” and its average target price is $23.14.