5 Best High-Yield Dividend Stocks to Buy According to Billionaire George Soros

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1. Magellan Midstream Partners, L.P. (NYSE: MMP)

Value: $3,467,000
Percent of George Soros’ 13F Portfolio: 0.06%
No. of Shares Owned by Soros: 81,700
No. of Hedge Fund Holders: 22
Dividend Yield: 9.22%

Oil transportation company Magellan Midstream Partners has increased its dividend consistently for over 20 straight years. It ranks 1st in the list of best high-yield dividend stocks according to George Soros. However, Goldman Sachs recently downgraded the stock to Neutral from Buy with a $42 price target.

According to our database, the number of MMP’s long hedge funds positions increased at the end of the fourth quarter of 2020. There were 22 hedge funds that hold a position in MMP compared to 20 funds in the third quarter. The biggest stakeholder of the company is Ari Zweiman’s 683 Capital Partners, with 1.7 million shares, worth $72.9 million.

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