Leon Cooperman is the chairman and CEO of Omega Advisors, a hedge fund with $3.6 billion in assets under management. The 13F portfolio’s best dividend stock picks are Devon Energy Corporation, Cigna Corporation, and Ashland Global Holdings Inc. As of December 31, 2021, Omega Advisors co-founder Leon Cooperman’s family office had a 13F portfolio worth $1.99 billion. The finance sector, which included multiple high-yielding REITs, was Omega Advisors’ most heavily invested sector.
Insider Monkey surveyed 10 Dividend Stocks to Buy Now According to Billionaire Leon Cooperman. In 2021, Leon Cooperman’s top-performing stock pick was Pioneer Natural Resources Company. Due to rising commodity prices, PXD is expected to generate over $7 billion in positive free cash flow in 2022. NRG Energy, Inc. has fallen out of favor with Insider Monkey’s exclusive group of hedge funds in recent years. Since the middle of 2018, ownership of the energy producing and retail electrical company’s equity has dropped by more than half. Motorola Solutions, Inc. is owned by Leon Cooperman, who owns 100,000 shares. Since Q2 2020, the billionaire money manager has owned a stake in the company. MSI’s market share and income are both increasing, which speaks well for its dividend in the future. Arbor Realty Trust, Inc. has had a lot of hedge fund ownership during the last two years. It increased its quarterly dividend by 2.8 percent in February, bringing it to $0.37 per share. Leon Cooperman loves Chimera Investment Corporation, another REIT with a high dividend yield. CIM was one of his better-performing stock ideas last year, gaining 53.45%. The $0.33 quarterly dividend payment is significantly lower than the company’s historical average. For more details, click 10 Dividend Stocks to Buy Now According to Billionaire Leon Cooperman.
