Below is the list of the 5 best high dividend stocks to buy according to billionaire Lee Cooperman. For a comprehensive list and stock market predictions please see 10 Best High Dividend Stocks to Buy According to Billionaire Lee Cooperman.
5. Enterprise Products Partners L.P. (NYSE: EPD)
Lee Cooperman first initiated a position in Enterprise Products Partners L.P. (NYSE: EPD) during the third quarter of 2020 by buying 500,000 shares. The company’s impressive dividend yield of 7.87% makes it a good stock to hold for the long term. In addition, its shares have been outperforming the broader market index over the last six months. EPD stock price is up 16% so far in 2021.
The hedge fund sentiment was unchanged. The stock was in 30 hedge funds’ portfolios at the end of the fourth quarter of 2020. Our calculations also showed that EPD isn’t among the 30 most popular stocks among hedge funds (click for Q3 rankings and see the video for a quick look at the top 5 stocks).
4. Arbor Realty Trust, Inc. (NYSE: ABR)
With a dividend yield of 8.29%, Arbor Realty Trust, Inc. (NYSE: ABR) is ranked fourth in the list of 10 best high dividend stocks to buy according to billionaire Lee Cooperman. The company raised its dividend in the past eight straight years and its dividend growth is averaging around 16% in the last five years. It is the long-running stock holding of Omega Advisors. The firm first initiated a position in Arbor Realty Trust in 2013 and it is currently weighted around 2.34% of the overall 13F portfolio.
Prominent investors were becoming more confident. The number of bullish hedge fund positions increased by 3 recently. Arbor Realty Trust was in 14 hedge funds’ portfolios at the end of December. The all-time high for this statistics is 21.
3. Owl Rock Capital Corporation (NYSE: ORCC)
Omega Advisors initiated a brand new position in Owl Rock Capital Corporation (NYSE: ORCC) during the December quarter. The company’s share price growth of 11% topped the broader market index so far in 2021 while its dividend yield of 8.79% is adding to overall returns. It is an asset management company that invests mainly in senior secured or unsecured loans, subordinated loans, or mezzanine loans and also considers equity-related securities.
Overall, hedge fund sentiment increased significantly. The stock was in 20 hedge funds’ portfolios at the end of December compared to 15 in the previous quarter.
2. Chimera Investment Corporation (NYSE: CIM)
Omega Advisors has been holding a position in Chimera Investment Corporation (NYSE: CIM) since 2012 and it is also in the list of 10 best high dividend stocks to buy according to billionaire Lee Cooperman. The company offers a dividend yield of 9.31% at present. Moreover, the company’s share price is adding to investors’ returns. The shares of Chimera Investment grew 25% since the beginning of this year, extending the twelve-month gains to 67%.
Chimera Investment Corporation has experienced a decrease in hedge fund sentiment in recent months. It was in 15 hedge funds’ portfolios at the end of December. The all-time high for this statistic is 20. This means the bullish number of hedge fund positions in this stock currently sits below its all-time high. There were 17 hedge funds in our database with CIM holdings at the end of December.
1. First Eagle Alternative Capital BDC, Inc. (NASDAQ: FCRD)
The direct lender First Eagle Alternative Capital BDC, Inc. (NASDAQ: FCRD) is a permanent member of Lee Cooperman’s stock portfolio since 2010. The company offers a dividend yield of more than 9.79% with a quarterly dividend of $0.10 per share. Moreover, its stock price surged 12% since the beginning of 2020. Omega Advisors held 2.8 million shares of First Eagle Alternative Capital at the end of the latest quarter, accounting for 0.75% of the overall portfolio. First Eagle Alternative Capital seeks to invest in debt and equity securities of middle-market companies.
You can also take a peek at George Soros’ Top 10 Stock Picks and 15 Most Valuable Cloud Computing Companies.
