5 Best Dividend Stocks to Buy Now According to Billionaire Leon Cooperman

In this article we discuss the 5 best dividend stocks to buy now according to billionaire Leon Cooperman. If you want to read our detailed analysis of Cooperman’s history and hedge fund performance, go directly to the 10 Best Dividend Stocks to Buy Now According to Billionaire Leon Cooperman.

5. The AES Corporation (NYSE: AES)

Cooperman’s Stake Value: $24,000
Percentage of Leon Cooperman’s 13F Portfolio: 0.001%
Dividend Yield: 2.42 %
No. of Hedge Fund Holders: 51

The AES Corporation (NYSE: AES) is a U.S diversified power generation and utility company. It is ranked fifth on our list of 10 best dividend stocks to buy now according to billionaire Leon Cooperman.

The company entered into an agreement to supply power at Google’s Virginia-based data centers. The contract will involve the supply of carbon-free energy for ten years. Under the new agreement, AES will become the sole supplier of carbon-free energy to the company’s data centers. The energy will be sourced from clean energy sources like solar, wind, and hydropower. The agreement is part of Google’s plan to run its business on 100% clean energy by 2030. 

In May, the company reported GAAP EPS of -$0.22 for Q1 2021. During the quarter, revenue increased by 12.4% to $2.63 billion compared to Q1 2020. The board of directors declared a dividend of $0.1505 per share.