5 Very High Yield Dividend Stocks Billionaires Are Piling Into

1. Petroleo Brasileiro ADR (NYSE:PBR)

Nr. of Billionaire Investors: 11

Dividend Yield: 19.70%

With a dividend yield of 19.70% and a total of 11 billionaires holding the stock, Petroleo Brasileiro ADR (NYSE:PBR) leads our list of very high yield dividend stocks billionaires are piling into. Among the energy company’s top shareholders are billionaires Ken Fisher’s Fisher Asset Management, Israel Englander’s Millennium Management, and Ken Griffin’s Citadel Investment Group, which hold stake worth $261.5 million, $57.60 million, and $41.87 million, respectively. Petroleo Brasileiro ADR (NYSE:PBR) last earnings report came in mixed with EPS of $0.85 beating the consensus estimate of $0.83, but its revenue of $25.27 billion missed the expectations by around $570 million. Nonetheless, Petroleo Brasileiro ADR (NYSE:PBR) recorded a free cash flow of $8.36 billion, down from $10.12 billion a year earlier, but it marked the 34th quarter of positive free cash flow. Going forward, Petrobras expects production to reach 2.8 million barrels of oil equivalent per day this year, raising the guidance from 2.6 MBOE/d. The company also cut its spending outlook to $13 billion from $16 billion.