5 Best Dividend Stocks to Buy According to Billionaire Howard Marks

2. Uniti Group Inc. (NASDAQ: UNIT)

Marks’ Stake Value: $39,853,000
Percentage Howard Marks’ 13F Portfolio: 0.68%
Dividend Yield: 5.68%
No. of Hedge Fund Holders: 17

Uniti Group Inc. (NASDAQ: UNIT) is a real estate investment trust, which specializes in constructing and acquiring communication infrastructure. The company recently announced that its subsidiaries had offered $570 million aggregate principal amount meant for new notes. These new notes are due in 2028. The issue price of these new notes is 100.00%.  

The company intends to use net proceeds in funding its redemption of outstanding 6.00% 2023 secured notes. Apart from this, the proceeds shall be used for expenses and fees associated with foregoing issues, related premiums, and more. 

Meanwhile, the Uniti Group Inc. (NASDAQ: UNIT) declared a $0.15 per share quarterly dividend.