5 Best Dividend Stocks to Buy According to Billionaire Izzy Englander

4. Gilat Satellite Networks Ltd. (NASDAQ: GILT)

Englander’s Stake Value: $3,585,000
Percentage of Izzy Englander’s 13F Portfolio: 0.001%
Dividend Yield: 9.79%
Number of Hedge Fund Holders: 8

Gilat Satellite Networks Ltd. (NASDAQ: GILT) provides satellite-based wireless communication solutions and services along with its subsidiaries. The company was founded in 1987 and is ranked fourth on the list of 10 best dividend stocks to buy according to billionaire Izzy Englander. Gilat shares have gained about 53.79% in value over the last 12 months.

On June 3, Gilat Satellite announced that Pronatel awarded it a $13 million contract to deliver free WI-FI services over two years to hundreds of sites in Peru. On May 26, Gilat Satellite announced the extension of its multi-million-dollar IoT project in Latin America. Gilat provides the 4G network expansion to support agriculture, with a connectivity of machines that require controlling and observing harvesters and agricultural tractors.

Gilat is a new addition in Izzy Englander’s hedge fund’s portfolio, as Millennium Management bought 342,699 shares of the company, worth $3.59 million. Hedge funds are loading up on Gilat, as Insider Monkey’s data shows that 8 hedge funds held stakes in the company in Q1 2021, compared to 5 funds in the previous quarter.