5 Best Dividend Stocks to Buy According to Billionaire Michael Price

3. Plains All American Pipeline, L.P. (NASDAQ: PAA)

Price’s Stake Value: $3,809,000
Percent of Michael Price’s 13F Portfolio: 0.45%
Dividend Yield: 5.96%
Number of Hedge Fund Holders: 7

Plains All American Pipeline, L.P. (NASDAQ: PAA) is an oil and gas company based in Houston, Texas. It is involved in the transportation and storage of natural gas liquids and crude oil with operations in US and Canada. The company reported revenues of $8.38 billion in its earnings report for Q1 2021, which beat estimates by $1.34 billion. The EPS was reported to be $0.25 while the adjusted EBITDA amounted to $546 million representing a decrease of 31%, year-over-year.

Plains All American Pipeline, L.P. (NASDAQ: PAA) has signed an agreement with Hartree Partners, LP to sell its Southern and Pine Prairie storage facilities. The agreement is valued at $850 million. The company also announced a quarterly dividend of $0.18 per common share. At a stock price of $12.09, the dividend yield for the company amounts to 5.96% making it one of the 10 best dividend stocks to buy according to billionaire Michael Price. Price’s hedge fund has ownership of around 418,518 shares of PAA worth over $3.8 million as of Q1 2021.