5 High Dividend Stocks to Buy According to Billionaire Lee Cooperman

2. Ellington Financial Inc. (NYSE:EFC)

Number of Hedge Fund Holders: 10

Forward Dividend Yield: 10.94%    

Ellington Financial Inc. (NYSE:EFC) purchases and manages mortgage-based financial assets. The firm has been paying dividends consistently for the last decade and recently declared a monthly dividend of $0.15 per share, in line with previous. 

Latest filings show that Omega Advisors is long on more than 760,000 shares in Ellington Financial Inc. (NYSE:EFC) worth $13.9 million, representing 0.73% of the portfolio. 

Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Millennium Management is a leading shareholder in Ellington Financial Inc. (NYSE:EFC) with 1.1 million shares worth more than $21 million.