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

4. Archrock, Inc. (NYSE: AROC)

Fu’s Stake Value: $12,098,000
Percentage of Frank Fu’s 13F Portfolio: 0.13%
Dividend Yield: 6.95%
Number of Hedge Fund Holders: 16

Archrock, Inc. (NYSE: AROC) is a supplier of natural gas compression services and equipment to customers in the oil and natural gas industry in the U.S. It was founded in 1990 and is ranked fourth on the list of 10 best dividend stocks to buy according to Frank Fu’s CaaS Capital.

On June 7, AROC Infosys announced that it has collaborated with Archrock, Inc. (NYSE: AROC) to integrate digital techniques and mobile tools for its field service technicians, thereby increasing their efficiency. On April 28, Archrock, Inc. (NYSE: AROC) declared a quarterly dividend of $0.145 per share, in line with the previous. The forward yield is 0.58%. On March 3, B. Riley Securities initiated a coverage on Archrock, Inc. (NYSE: AROC) with a “Buy” rating and raised the price target to $12 from $8.50.

The stock is a new arrival on Frank Fu’s portfolio, as his hedge fund bought about 1.27 million shares of Archrock, Inc. (NYSE: AROC), worth over $12 million. The company is getting the attention of the smart money, as 16 hedge funds tracked by Insider Monkey reported owning stakes in the company in the first quarter of 2021, up from 11 funds a quarter earlier.