5 Best Dividend Stocks to Buy According to Billionaire Richard Chilton

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1. New Mountain Finance Corporation (NASDAQ: NMFC) 

Chilton’s Stake Value: $4,251,000
Percentage of Richard Chilton’s 13F Portfolio: 0.11%
Dividend Yield: 8.84%
Number of Hedge Fund Holders: 9

New Mountain Finance Corporation (NASDAQ: NMFC) is a commercial development establishment that focuses on investment in mid-market companies and fixed-income securities. It invests in various sectors: technology, media, healthcare, industries, and education. The company was founded in 2010, and it stands first on the list of 10 best dividend stocks to buy according to billionaire Richard Chilton. New Mountain Finance Corporation stock has returned more than 39% to investors during the course of the past twelve months.

Chilton Investment holds 342,837 shares in the company worth over $4.25 million. Chilton has trimmed stakes in the firm by 24% in the past few months. At the end of the first quarter of 2021, 9 hedge funds in the database of Insider Monkey held stakes worth $18.71 million in New Mountain Finance Corporation (NASDAQ: NMFC), down from 10 the preceding quarter worth $26.28 million. 

You can also take a peek at Billionaire John Paulson’s Top 10 Stock Picks and Billionaire David Tepper’s Top 10 Stocks. 

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