Insider Monkey highlighted the 10 Best High-Yield Dividend Stocks to Buy According to Billionaire George Soros, an American investor and philanthropist who founded the Soros Fund Management in 1970. At the end of 2020, his fund had over $5.3 trillion in managed securities. Central to the philosophy of George Soros is the idea that markets are chaotic and need quick sell and buy actions. He uses a theory of reflexivity to make his massive one-way bets. Over time, the fund shifted its focus to more futuristic stocks, such as electric vehicles and space. George Soros has a large portfolio of high-yield stocks that are reliable and steady. Despite the headwinds facing the industry, George Soros is still an exception. He is an example of how a successful investor can still be a part of a struggling industry.
Through Insider Monkey’s proprietary research, a select group of hedge funds that have outperformed the S&P 500 ETF by more than 124 percentage points over the past 12 months were identified. A group of stocks that underperformed the market in advance were also identified. Here is the list according to George Soros. Con Edison is one of the best stocks to buy right now. The energy company has a high yield of 5.6% and has increased its dividend for 45 years, followed by Navient, a high-yield stock that fits well with George Soros’ portfolio. The company’s fourth-quarter EPS came in at 97, beating the Street’s expectations. Its net interest income also came in at $162 million. Also featured is VICI Properties, a real estate investment. Its robust growth has helped it maintain its high yield, having raised its dividend for the last three years. Another company on the list is Melvin Capital Management, a large-cap fund founded by Gabriel Plotkin. It holds over 10.6 million shares of LVS. To read Billionaire George Soros’ full and detailed list, dive into Insider Monkey’s article on the 10 Best High-Yield Dividend Stocks to Buy.
