5 Best Dividend Stocks to Buy According to Michael Burry

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1. Golden Ocean Group Limited (NASDAQ: GOGL)

Number of Hedge Fund Holders: 11

Dividend Yield: 10.41%      

Golden Ocean Group Limited (NASDAQ: GOGL) is a Bermuda-based dry bulk shipping company founded in 2004. It is ranked first on our list of 10 best dividend stocks to buy according to Michael Burry. The company stock has offered investors returns exceeding 210% in the past year. Scion Asset Management holds 530,000 shares in the company worth over $3.5 million, representing close to 0.26% of their portfolio. 

In earnings results for the first quarter of 2021, posted earlier this month, Golden Ocean Group Limited (NASDAQ: GOGL) reported earnings per share of $0.14, beating market estimates by $0.04. The revenue for the first quarter of the year was over $158 million. 

Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm Renaissance Technologies is a leading shareholder in Golden Ocean Group Limited (NASDAQ: GOGL) with 3.4 million shares worth more than $23 million. 

You can also take a peek at Eagle Capital’s Top 10 Stock Picks and Billionaire David Siegel’s Top 10 Stock Picks.

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