Top 5 Dividend Stock Picks of Billionaire George Soros’ Fund

4. MGM Growth Properties LLC (NYSE:MGP)

Number of Hedge Fund Holders: 27
Dividend Yield as of January 21: 5.70%
Soros Fund Management’s Stake Value: $37,415,000

MGM Growth Properties LLC (NYSE:MGP) is an American real estate investment trust that invests largely in casino properties. On December 15, the company announced a quarterly dividend of $0.525 per share, a 1% increase from the previous dividend.

MGM Growth Properties LLC (NYSE:MGP) is one of the latest holdings of Soros Fund Management in Q3 2021. The hedge fund held a $37.4 million worth of stake in the company, which accounted for 0.69% of its portfolio. In the past 12 months, MGM Growth Properties LLC (NYSE:MGP) has delivered a 17.8% return to shareholders.

At the end of Q3 2021, 27 hedge funds tracked by Insider Monkey held stakes in MGM Growth Properties LLC (NYSE:MGP), valued at $536.8 million. In the previous quarter, 29 hedge funds had positions in the company, with stakes worth $505.3 million.