5 Best High Dividend Stocks to Buy According to Billionaire Lee Cooperman

4. Arbor Realty Trust, Inc. (NYSE: ABR)

With a dividend yield of 8.29%, Arbor Realty Trust, Inc. (NYSE: ABR) is ranked fourth in the list of 10 best high dividend stocks to buy according to billionaire Lee Cooperman. The company raised its dividend in the past eight straight years and its dividend growth is averaging around 16% in the last five years. It is the long-running stock holding of Omega Advisors. The firm first initiated a position in Arbor Realty Trust in 2013 and it is currently weighted around 2.34% of the overall 13F portfolio.

Prominent investors were becoming more confident. The number of bullish hedge fund positions increased by 3 recently. Arbor Realty Trust was in 14 hedge funds’ portfolios at the end of December. The all-time high for this statistics is 21.