5 Best Dividend Stocks to Buy According to Michael Burry

4. Helmerich & Payne, Inc. (NYSE: HP)

Number of Hedge Fund Holders: 21 

Dividend Yield: 3.56% 

Helmerich & Payne, Inc. (NYSE: HP) is an Oklahoma-based company that drills oil and gas wells. It was founded in 1920 and is placed fourth on our list of 10 best dividend stocks to buy according to Michael Burry. The company stock has offered investors returns exceeding 38% in the past twelve months. Scion Asset Management holds 200,000 shares in the company worth over $5.3 million, representing 0.39% of their portfolio. The company operates more than 260 lands in North America and tens of international ones. 

Helmerich & Payne, Inc. (NYSE: HP) is a solid bet for a dependable income. On April 29, the company declared a quarterly dividend of $0.25 per share, in line with previous. The dividend would be payable to shareholders in early June. 

Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm Two Sigma Advisors is a leading shareholder in Helmerich & Payne, Inc. (NYSE: HP) with 1.6 million shares worth more than $43 million. 

In its Q1 2020 investor letter, Palm Valley Capital, an asset management firm, highlighted a few stocks and Helmerich & Payne, Inc. (NYSE: HP) was one of them. Here is what the fund said:

“Helmerich & Payne (HP) is the number one land drilling company in the United States. Founded in 1920, Helmerich & Payne has a long history of successfully navigating through the frequent booms and busts of the energy industry. As oil and natural gas prices plummeted during the quarter, Helmerich & Payne’s stock fell sharply and traded below our calculated value of its 331 land rigs. Although we expect results to suffer in the near-term, we believe the company’s balance sheet will allow it to survive the current bust in the energy industry. As of December 31, 2019, the company had $412 million in cash and has no debt maturities until 2025.”