5 Best Dividend Stocks to Buy Now According to Billionaire Leon Cooperman

4. Navient Corporation (NASDAQ: NAVI)

Cooperman’s Stake Value: $44,876,000
Percentage of Leon Cooperman’s 13F Portfolio: 2.79%
Dividend Yield: 3.7%
No. of Hedge Fund Holders: 23

Navient Corporation (NASDAQ: NAVI) is a U.S company that offers education loan management and business processing services to clients in healthcare, education, and government agencies. It is placed fourth on our list of 10 best dividend stocks to buy now according to billionaire Leon Cooperman. 

Navient Corporation (NASDAQ: NAVI) recently reported its quarterly results for Q1 2011, with a 119% or $68 million increase to $125 million in business processing revenue compared to Q1 2020. The increase was mainly driven by revenue earned from new contracts that the company secured to help states offer and manage unemployment benefits, administer and manage vaccination campaigns, conduct contract tracing. On March 19, John Hecht from Jefferies upgraded the stock to “Buy” from “Hold.”