11 Best High-Dividend Penny Stocks to Buy Now

4. Uniti Group Inc (NASDAQ:UNIT)

Number of Hedge Fund Investors: 17

Arkansas-based REIT Uniti Group Inc (NASDAQ:UNIT) provides communications infrastructure, fiber and wireless solutions, owning about 140,000 fiber route miles and 8.5 million fiber strand miles in the US. It is one of the highest yielding dividend stocks popular among hedge funds, with a 15% yield.

Insider Monkey’s proprietary database of 933 hedge funds shows that 17 funds had stakes in Uniti Group Inc (NASDAQ:UNIT) as of the end of 2023. The most notable stakeholders of Uniti Group Inc (NASDAQ:UNIT) are Paul Singer’s Elliott Management, Thomas Lenox Kempner’s Davidson Kempner, Howard Marks’ Oaktree Capital Management and Ken Griffin’s Citadel Investment Group.