5 Best Dividend Stocks to Buy According to Billionaire Howard Marks

3. Uniti Group Inc. (NASDAQ: UNIT)

Marks’ Stake Value: $37,475,000
Percentage of Howard Marks’ 13F Portfolio: 0.52%
Dividend Yield: 5.71%
Number of Hedge Fund Holders: 17

Uniti Group Inc. (NASDAQ: UNIT) is a realty investment trust company involved in the attainment and building of mission infrastructure in the broadcasting industry. The company was founded in 2014, and it stands third on the list of 10 best dividend stocks to buy according to billionaire Howard Marks. Uniti shares have gained 13.74% over the last 12 months.

On May 6, Uniti Group Inc. (NASDAQ: UNIT) proclaimed Funds from operations (FFO) for the first quarter of 2021. It reported Funds from operations (FFO) of $0.41, beating market predictions by $0.13. The revenue for the first three months of 2021 was over $272.59 million, up 2.4% YoY, beating the estimates by $0.9 million. On May 4, the company declared a quarterly dividend of $0.15 per share, in line with the previous. 

The hedge fund chaired by Howard Marks holds 3.40 million shares in Uniti Group Inc. (NASDAQ: UNIT) worth $37.48 million. Paul Singer’s Elliott Management is the company’s most significant stakeholder, with 20.48 million shares worth $225.85 million.