5 Best Dividend Stocks to Buy According to Billionaire Ray Dalio

4. Omega Healthcare Investors, Inc. (NYSE: OHI)

Dalio’s Stake Value: $397,000
Percentage of Ray Dalio’s 13F Portfolio: 0.001%
Dividend Yield: 7.03%
Number of Hedge Fund Holders: 25

Omega Healthcare Investors, Inc. (NYSE: OHI) is a real estate investment trust that invests in the long-term healthcare industry, mainly in skilled nursing and assisted living residence. The company was founded in 2003 and is ranked fourth on our list of 10 best dividend stocks to buy according to billionaire Ray Dalio. Omega Healthcare stock has returned more than 14% to investors over the past year.

On April 22, Omega Healthcare declared a quarterly dividend of $0.67 per share, in line with the previous. Omega reported Q1 2021 net income of $164.4 million up from $92.3 million in Q1 2020. While revenue during the quarter totaled $273.8 million, up 8.2% YoY, beating estimates by $50.92 million. 

The hedge fund chaired by Ray Dalio holds 10,846 shares in the company worth $397,000. At the end of the first quarter of 2021, 25 hedge funds in the database of Insider Monkey held stakes worth $190 million in Omega Healthcare Investors, Inc. (NYSE: OHI), up from 15 the preceding quarter worth $101 million. Out of the hedge funds being tracked by Insider Monkey, D E Shaw is a leading shareholder in Omega Healthcare with 1.78 million shares worth more than $65 million.