A Look At Billionaire Julian Robertson’s Top Dividend Picks

#3 SeaWorld Entertainment Inc (NYSE:SEAS)

– Shares Owned by Tiger Management (as of September 30): 1.37 Million

– Value of Holding (as of September 30): $24.5 Million

The stock of the theme park operator company SeaWorld Entertainment Inc (NYSE:SEAS) had a forgettable year in 2015 with its shares remaining largely range bound. This lackluster performance of the stock might be the reason why its ownership among hedge funds in our database declined by three to 30 during the third quarter. However, the over 4% annual dividend yield that the company provides seems to have made it attractive to Tiger Management, which increased its stake in SeaWorld Entertainment Inc (NYSE:SEAS) by 80% during the third quarter.

The stock of SeaWorld Entertainment took a major beating in November, after the company reported its third quarter earnings, but managed to recoup all of those losses in December. While analysts had expected it to report EPS of $1.17 on revenue of $509.45 million, the company declared EPS of $1.14 on revenue of $496.90 million.

For the quarter ending December 30, analysts expect SeaWorld to deliver a loss of $0.01 per share, on revenue of $267.43 million, versus the loss of $0.21 on revenue of $264.5 million it reported for the same quarter last year. Another important metric to watch out for when the company releases its fourth quarter and full year results for fiscal 2015 is whether it will be able to reduce its long-term debt, which at the end of December 31, stood at $1.59 billion, for the fourth year in a row. James Dondero’s Highland Capital Management reduced its stake in the company by 26% to 1.66 million shares during the July-September period.