5 Best Dividend Stocks to Buy According to Billionaire Howard Marks

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1. Oaktree Specialty Lending Corporation (NASDAQ: OCSL)

Marks’ Stake Value: $1,711,000
Percentage of Howard Marks’ 13F Portfolio: 0.02%
Dividend Yield: 7.64%
Number of Hedge Fund Holders: 13

Oaktree Specialty Lending Corporation (NASDAQ: OCSL) is a specialty finance company that provides personalized, integrated credit solutions to firms with restricted access to citizens or associated capital markets. It was founded in 1995 and ranks first on the list of 10 best dividend stocks to buy according to billionaire Howard Marks. Oaktree shares have gained about 54.07% over the last 12 months.

On June 23, Oppenheimer analyst Mitchel Penn initiated coverage on Oaktree Specialty Lending Corp (NASDAQ: OCSL) with an “Outperform” rating and a price target of $7.50. On May 06, Oaktree Specialty Lending declared a quarterly dividend of $0.13 per share, which was a 8.3% increase from prior dividend of $0.12.

The hedge fund run by Marks owns 276,000 shares in the Oaktree Specialty Lending Corporation (NASDAQ: OCSL), worth $1.71 million, representing 0.02% of their investment portfolio. Arrowstreet Capital is a leading shareholder in the company, with 2.54 million shares worth $15.76 million.

You can also take a peek at 10 Best Cheap Dividend Stocks to Buy According to Mario Gabelli and 10 Best Dividend Stocks to Buy Now According to Billionaire Jim Simons. 

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