5 Dividend Stocks to Buy According to Donald Yacktman’s Hedge Fund

2. Evolution Petroleum Corporation (NYSE:EPM)

Number of Hedge Fund Holders: 10
Dividend Yield: 5.77%

Evolution Petroleum Corporation (NYSE:EPM) develops and produces oil and natural gas reserves within well-known reservoirs.

In its recently released Q3 results, Evolution Petroleum Corporation (NYSE:EPM) posted a GAAP EPS of $0.16, beating the estimates by $0.01. The company’s revenue also experienced a 238% growth from the prior-year quarter at $18.9 million. Evolution Petroleum Corporation (NYSE:EPM), one of the best dividend stocks to buy according to Donald Yacktman’s hedge fund, pays an annual dividend of $0.30 per share. The stock’s dividend yield stands at 5.77%.

Renaissance Technologies was the company’s largest shareholder in Q3, holding over 2 million shares. As of Q3, 10 hedge funds tracked by Insider Monkey reported owning stakes in the Texas-based company, valued at $17.5 million. In the previous quarter, 13hedge funds held stakes in the company, with a value of $17.3 million.