5 Best Dividend Stocks to Buy According to Billionaire Izzy Englander

3. Höegh LNG Partners LP (NYSE: HMLP)

Englander’s Stake Value: $1,121,000
Percentage of Izzy Englander’s 13F Portfolio: 0.001%
Dividend Yield: 10.21%
Number of Hedge Fund Holders: 7

Höegh LNG Partners LP (NYSE: HMLP) offers liquid natural gas services under long-term charters. The company was incorporated in 2014 and is placed third on the list of 10 best dividend stocks to buy according to billionaire Izzy Englander. Höegh stock has offered investors returns of 17.82% over the course of the past twelve months.

On May 27, the company posted quarterly earnings per share of $0.59 for Q1 2021, beating market predictions by $0.19. The company also declared revenue of $34.78 million, down 5.2% YoY, missing the estimates by $0.7 million. Höegh is a decent dividend-paying stock. On April 22, Höegh declared a quarterly dividend of $0.44 per share, in line with the previous. The forward yield is 10.03%.

Millennium Management increased its stake in Höegh by 278% in Q1 2021, with $1.12 million worth of the company’s stock. In Q1 2021, 7 hedge funds in the database of Insider Monkey held stakes worth $18.93 million in Höegh LNG Partners LP (NYSE: HMLP), up from 6 the preceding quarter worth $ 16.30 million.