5 Best Dividend Stocks to Buy According to Billionaire Michael Hintze

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1. Golden Ocean Group Limited (NASDAQ: GOGL)

Hintze’s Stake Value: $1,229,000
Percentage of Michael Hintze’s 13F Portfolio: 0.08%
Number of Hedge Fund Holders: 11
Dividend Yield: 9.07%

Golden Ocean Group Limited (NASDAQ: GOGL) is a marine shipping company that owns a fleet of dry bulk vessels including Ultramax vessels. The company ranks 1st on our list of the best dividend stocks to buy according to billionaire Michael Hintze, despite being a new addition to the portfolio added in the first quarter of 2021.

In the first quarter of 2021, the company beat EPS estimates by $0.04 with its EPS being $0.11. It also beat revenue estimates by $43.9 million with its $158.05 million revenue for the quarter, which demonstrated a 15% growth year-over-year. Golden Ocean Group Limited (NASDAQ: GOGL) also gained 138.53% in the past six months and 130.54% year to date. It currently has a forward PE ratio of 7.25.

By the end of the first quarter of 2021, 11 hedge funds out of 866 tracked by Insider Monkey held stakes in Golden Ocean Group Limited (NASDAQ: GOGL) worth around $62 million. This is compared to Q4 2020 numbers of 6 hedge funds holding stakes in the company worth roughly $28 million.

You can also take a peek at the 14 Best European Dividend Stocks To Buy and 10 Best Technology Stocks That Pay Dividends.

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