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

2. Enterprise Products Partners L.P. (NYSE: EPD)

Cooperman’s Stake Value: $11,010,000
Percentage of Leon Cooperman’s 13F Portfolio: 0.68%
Dividend Yield: 7.53 %
No. of Hedge Fund Holders: 26

Enterprise Products Partners L.P. (NYSE: EPD) is an energy company that specializes in the production of crude oil, petrochemicals, gas, natural gas liquids (NGLs), and refined products. It is placed second on our list of 10 best dividend stocks to buy now according to billionaire Leon Cooperman.

Enterprise Products Partners’ reported better-than-expected financial results for Q1 2021. During the quarter, GAAP earnings were flat at $1.3 billion, similar to the one reported in Q1 2020, while adjusted EBITDA went up 13.0% to $2.25 billion. 

Enterprise Products Partners L.P. (NYSE: EPD) has filed a lawsuit against San Antonio municipal power utility CPS Energy for failing to pay around $100 million worth of natural gas delivered in the winter storm that hit Texas in February. In April, TD Securities rated the stock as “Buy” with a price target of $28.