5 Dividend Stocks to Buy Now According to Billionaire Leon Cooperman

3. Ashland Global Holdings Inc. (NYSE:ASH)

Dividend Yield as of March 24: 1.27%

Value of Omega Advisors‘ 13F Position: $93.88 million

Hedge fund ownership of Ashland Global Holdings Inc. (NYSE:ASH) has declined during each of the past six quarters, falling by 42% during that time. Cooperman has held fast to his holding however, which dates back to 2014, as he maintained his position of 871,965 ASH shares throughout Q4.

Ashland Global Holdings Inc. (NYSE:ASH) has been making dividend payments for the past 26 years and declared a $0.30 per share quarterly distribution near the end of January, in line with previous. Its modest 2-year run of annual dividend increases ended in 2020 when its dividend was left at $0.28 for eight consecutive quarters.

In an effort to combat cost inflation, Ashland Global Holdings Inc. (NYSE:ASH) just announced that it will increase prices by as much as 15% across the entire breadth of its products, which serve the life sciences, personal care, and specialty additives industries, among others. Ashland had previously guided for $2.25 to $2.35 billion in revenue in FY 2022, along with between $550 and $570 million in EBITDA.