Billionaire Paul Singer’s 5 Dividend Stock Picks

2. Uniti Group Inc. (NASDAQ:UNIT)

Number of Hedge Fund Holders: 14
Dividend Yield as of February 15: 5.33%
Elliott Management’s Stake Value: $253,285,000

Uniti Group Inc. (NASDAQ:UNIT) is an American real estate investment trust that invests in the communications industry. At the end of Q3 2021, Paul Singer’s Elliott Management held a stake worth over $253.2 million in the company, which represented 1.81% of its 13F portfolio.

Uniti Group Inc. (NASDAQ:UNIT) pays a quarterly dividend of $0.15 per share. The company did slash its dividend payments during 2019 but its five-year dividend growth rate of 4.78% makes it notable among dividend investors.

The number of hedge funds tracked by Insider Monkey having stakes in Uniti Group Inc. (NASDAQ:UNIT) stood at 14 in Q3 2021. These stakes hold a value of roughly $351 million. In comparison, 16 hedge funds held stakes in the company in the preceding quarter, worth $295.6 million.