In this article, we discuss the 5 best high dividend stocks to buy according to billionaire Cooperman. If you want our detailed analysis of these stocks, go directly to 11 Best High Dividend Stocks To Buy According To Billionaire Cooperman.
5. Enterprise Products Partners L.P. (NYSE:EPD)
Omega Advisors’ Stake Value: $12,065,000
Percentage of Omega Advisors’ 13F Portfolio: 0.67%
Dividend Yield: 7.36%
Number of Hedge Fund Holders: 28
Enterprise Products Partners L.P. (NYSE:EPD) is a midstream oil and natural gas company, headquartered in Texas. The company has grown prominently since its IPO in 1998, the assets increasing from $715 million to $64 billion as of Q4 2020.
At the end of June, 28 hedge funds in Insider Monkey’s database were bullish on Enterprise Products Partners L.P. (NYSE:EPD), up from 26 in Q1.
On October 19, Wolfe Research analyst Keith Stanley downgraded Enterprise Products Partners L.P. (NYSE:EPD) to Peer Perform from Outperform with a $24 price target.
Here is what ClearBridge Investments has to say about Enterprise Products Partners L.P. in its Q1 2021 investor letter:
“While reducing in health care and consumer staples, we increased our exposure to high-quality names in economically sensitive areas of the market. We added to low-cost, high-quality energy names (including) Enterprise Products Partners LP. We are positive on this company’s strong balance sheets, competitive positions and exposure to an economic recovery.”
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.
3. Owl Rock Capital Corporation (NYSE:ORCC)
Omega Advisors’ Stake Value: $1,598,000
Percentage of Omega Advisors’ 13F Portfolio: 0.08%
Dividend Yield: 8.58%
Number of Hedge Fund Holders: 15
Owl Rock Capital Corporation (NYSE:ORCC) is a finance company specializing in direct lending solutions to middle market companies. The corporation concentrates on senior secured or unsecured loans, subordinated loans or mezzanine loans and, to a lesser extent, equity-related securities, and warrants.
Of the 873 hedge funds tracked by Insider Monkey, 15 funds were long Owl Rock Capital Corporation (NYSE:ORCC) at the end of Q2, down from 20 in the previous quarter.
2. First Eagle Alternative Capital BDC, Inc. (NASDAQ:FCRD)
Omega Advisors’ Stake Value: $9,696,000
Percentage of Omega Advisors’ 13F Portfolio: 0.54%
Dividend Yield: 8.66%
Number of Hedge Fund Holders: 5
First Eagle Alternative Capital BDC, Inc. (NASDAQ:FCRD) is an alternative credit investment manager with roughly $20 billion in assets under management at the end of June, with a powerful national presence and a regional investment focus.
Cooperman owns 2.12 million shares in First Eagle Alternative Capital BDC, Inc. (NASDAQ:FCRD), valued at $9.69 million, representing 0.54% of Cooperman’s 13F portfolio. 5 hedge funds in Insider Monkey’s database were bullish on First Eagle Alternative Capital BDC, Inc. (NASDAQ:FCRD) at the end of Q2.
1. Ellington Financial Inc. (NYSE:EFC)
Omega Advisors’ Stake Value: $14,554,000
Percentage of Omega Advisors’ 13F Portfolio: 0.81%
Dividend Yield: 9.81%
Number of Hedge Fund Holders: 7
Ellington Financial Inc. (NYSE:EFC) is the highest yielding dividend stock to buy according to billionaire Cooperman. Ellington Financial Inc. (NYSE:EFC) is a financial investment company with a diverse portfolio including residential and commercial mortgage-backed securities, mortgage loans, consumer loans, collateralized loan obligations, non-mortgage and mortgage-related derivatives, equity investments in loan origination companies, among other opportunistic investments. Ellington Financial Inc. (NYSE:EFC) offers a dividend yield of 9.81%.
Cooperman owns 760,000 shares in Ellington Financial Inc. (NYSE:EFC), worth $14.5 million.
You can also take a look at Billionaire Daniel Sundheim is Buying These 10 Tech Stocks and 20 Safe Dividend Stocks to Quit Your 9 to 5 Job.
