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

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1. Arbor Realty Trust, Inc. (NYSE: ABR)

Cooperman’s Stake Value: $34,248,000
Percentage of Leon Cooperman’s 13F Portfolio: 2.13%
Dividend Yield: 7.65%
No. of Hedge Fund Holders: 21

Arbor Realty Trust, Inc. (NYSE: ABR) is an investment company that mainly focuses on commercial, multifamily, single-family rental real estate industries in the U.S. It is ranked first on our list of 10 best dividend stocks to buy now according to billionaire Leon Cooperman.

The company recently issued $175 million in a private placement, 5.00% of senior unsecured notes due April 30, 2026. Proceeds from the offering will be used for general corporate purposes and additional investments. 

Arbor Realty Trust, Inc. (NYSE: ABR) recently announced a net income of $48.96 million in Q1 2021, representing a 19.9% increase YoY and beating analyst projections by $2.66 million. During the quarter, the company reported GAAP EPS of $0.55. Last month, the board declared a dividend of $0.34 per share, a 3% increase from the previous dividend of $0.33.

You can also take a peek at 10 Best Tech Stocks to Buy According to Billionaire Ken Griffin and 10 Best Dividend Stocks to Buy According to Billionaire Andreas Halvorsen. 

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