5 Very High Yield Dividend Stocks Billionaires Are Piling Into

4. Walgreens Boots Alliance Inc (NASDAQ:WBA)

Nr. of Billionaire Investors: 11

Dividend Yield: 8.30%

Then there’s Walgreens Boots Alliance Inc (NASDAQ:WBA), the only dividend aristocrat in the list of very high yield dividend stocks billionaires are piling into. Walgreens Boots Alliance Inc (NASDAQ:WBA) has been growing its dividend for the past 47 years. According to a recent Bloomberg report, Walgreens Boots Alliance Inc (NASDAQ:WBA) is considering separating its UK-based Boots business and either to sell it or spin it off into a separate public company via an IPO. The company has considered selling Boots in the past but did not receive any competitive offers. Moreover, at the beginning of December, credit rating agency Moody’s Corp (NYSE:MCO) downgraded Walgreens Boots Alliance Inc (NASDAQ:WBA)’s senior unsecured credit rating to Junk status citing concerns about the company’s high debt relative to its income. Among 11 billionaires bullish on Walgreens Boots Alliance Inc (NASDAQ:WBA) as of the end of September, Israel Englander’s Millennium Management boosted its stake 10-fold to 1.61 million shares during the last quarter.