5 Best High Dividend Stocks To Buy According To Billionaire Cooperman

4. Chimera Investment Corporation (NYSE:CIM)

Omega Advisors’ Stake Value: $51,166,000

Percentage of Omega Advisors’ 13F Portfolio: 2.87%

Dividend Yield: 8.47%

Number of Hedge Fund Holders: 16

Chimera Investment Corporation (NYSE:CIM) is a New York City REIT that is one of the highest yielding dividend stocks in billionaire Leon Cooperman’s investment portfolio. Since its inception, the REIT has distributed $5.4 billion in common and preferred stock dividends, making it an attractive investment opportunity.

Cooperman owns 3.39 million shares in Chimera Investment Corporation (NYSE:CIM), valued at $51.16 million, making up 2.87% of Cooperman’s 13F portfolio. Cooperman’s Omega Advisors is the leading stakeholder in Chimera Investment Corporation (NYSE:CIM). 

Of the hedge funds monitored by Insider Monkey at the end of June, 16 funds were long Chimera Investment Corporation (NYSE:CIM), up from 15 in Q1.