A Look At Billionaire Julian Robertson’s Top Dividend Picks

#2 Macquarie Infrastructure Corp (NYSE:MIC)

– Shares Owned by Tiger Management (as of September 30): 339,000

– Value of Holding (as of September 30): $25.31 Million

Macquarie Infrastructure Corp (NYSE:MIC) has turned out to be one of the best dividend paying stocks in the last five years. Not only has its shares appreciated by 230% during that period, but its quarterly dividend has also increased by over fivefold during the same time. Needless to say that with such an impressive performance, hedge funds have lapped up the shares of the company in droves.

At the end of September, the 69 funds tracked by Insider Monkey that reported being long in the stock accounted for almost one-fourth of all outstanding shares of the company. However, shares of Macquarie Infrastructure Corp (NYSE:MIC) have been on a decline for the last six months and  that has caused its annual dividend yield to soar to over 6.5% currently.

Though most analysts who cover Macquarie Infrastructure Corp remain positive on the stock, some have raised concerns whether the company’s heavy debt load will allow it to continue raising its dividend in the future. For the fourth quarter of fiscal 2015, analysts expect the company to report EPS of $0.36, down by 20% on the year. Apart from Tiger Management (which increased its stake by 38%), Robert Boucai‘s Newbrook Capital Advisors also raised its exposure to the company by 31% during the third quarter.