5 Best Dividend Stocks to Buy According to Frank Fu’s CaaS Capital

In this article, we discuss the 5 best dividend stocks to buy according to Frank Fu’s CaaS Capital. If you want to read our detailed analysis of Fu’s history, investment philosophy, and hedge fund performance, go directly to the 10 Best Dividend Stocks to Buy According to Frank Fu’s CaaS Capital.

5. MGM Growth Properties LLC (NYSE: MGP)

Fu’s Stake Value: $12,306,000
Percentage of Frank Fu’s 13F Portfolio: 0.13%
Dividend Yield: 5.72%
Number of Hedge Fund Holders: 34

MGM Growth Properties LLC (NYSE: MGP) is a real estate investment company. The company has a majority ownership of 15 properties, all of which are managed by MGM Resorts International. The company was founded in 2015 and stands fifth on the list of 10 best dividend stocks to buy according to Frank Fu’s CaaS Capital.

On June 15, MGM Growth Properties LLC (NYSE: MGP) reported a quarterly dividend of $0.515 per share, which was a 4% increase from its prior dividend of $0.495. On June 14, Wolfe Research analyst Andrew Rosivach initiated a coverage of MGM Growth Properties LLC (NYSE: MGP) with a “Peer Perform” rating and set a price target at $43.

MGM Growth Properties LLC (NYSE: MGP) is a new addition to Frank Fu’s hedge fund portfolio, as CaaS Capital bought 377,241 shares of the company, worth $12.31 million. In the first quarter of 2021, 34 hedge funds in the database of Insider Monkey held stakes worth $592.10 million in MGM Growth Properties LLC (NYSE: MGP), up from 29 the preceding quarter worth $524.53 million.