5 Best High-Yield Dividend Stocks to Buy According to Billionaire George Soros

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

Value: $3,722,000
Percent of George Soros’ 13F Portfolio: 0.07%
No. of Shares Owned by Soros: 190,000
No. of Hedge Fund Holders: 30
Dividend Yield: 8.09%

Energy company Enterprise Products ranks 3rd in the list of 10 best high-yield dividend stocks to buy according to George Soros. The company recently declared a quarterly dividend of $0.45/share. Forward yield for the stock comes in at 7.98%. The company in March said it plans to repurpose pipelines to handle inflow of other commodities to avoid new investments as it waits out the current uncertainty.

Appaloosa Management LP currently owns 3.5 million shares of EPD, worth $67.6 million. EPD occupies 1.01% of Appaloosa’s overall equity.