5 Best Dividend Stocks to Buy According to Billionaire Howard Marks

2. Star Bulk Carriers Corp. (NASDAQ: SBLK)

Marks’ Stake Value: $572,608,000
Percentage of Howard Marks’ 13F Portfolio: 7.97%
Dividend Yield: 5.83%
Number of Hedge Fund Holders: 13

Star Bulk Carriers Corp. (NASDAQ: SBLK) is a multinational shipping company engaged in the marine transportation of dry bulk goods. The company was incorporated in 2006 and is ranked second on the list of 10 best dividend stocks to buy according to billionaire Howard Marks. Star Bulk currently has a $2.1 billion market capitalization. It delivered a 192.33% return in the past 12 months.

On June 2, SEB Equities initiated a coverage on Star Bulk Carriers (NASDAQ: SBLK) stock rating it as “Buy,” and set a price target at $27.

Oaktree Capital Management is the biggest stakeholder in Star Bulk Carriers (NASDAQ: SBLK) out of the 866 hedge funds tracked by Insider Monkey, as in the first quarter of 2021. The fund owns 39.01 million shares of the company, worth $572.61 million. The company is also getting the attention of the smart money, as 13 hedge funds tracked by Insider Monkey reported owning stakes in the company in the first quarter of 2021, up from 10 funds a quarter earlier.