Guest Post by Meena Krishnamsetty and Javier Hasse
and by insidermonkey.comÂ
George Soros is one of the best-known investors in the world.  His fund holds an equity portfolio worth more than $10 billion.  Among the fund’s holdings, many pay dividends of more than 1% of their current trading prices.  In this article, we will look into five stocks among Soros’ top picks that yield dividends of more than 3%.
American Capital Agency Corp. (AGNC)Â is an $8.26 billion market cap real estate investment trust that invests exclusively in residential mortgage pass-through securities and collateralized mortgage obligations on a leveraged basis, in which Soros holds a 1.517 million shares position, worth about $32 million. American Capital Agency pays out a dividend yield of 11.79% of the current stock price. On June 26, it paid out its most recent quarterly dividend: $0.65 per share.
In addition to Mr. Soros, other fund managers are profiting from American Capital Agency’s dividend yield. David Einhorn ‘s Greenlight Capital holds 5.238 million shares of the company. This position, worth $112 million, was started over Q1, and has last paid Greenlight Capital more than $3.4 million in dividends.
Second in this list is Mack Cali Realty Corp (CLI), a $1.9 billion market cap self-administered, self-managed real estate investment trust that has George Soros as its largest hedge fund shareholder. Mr. Soros started a position in this company in the first quarter of 2014, and now holds 1.7 million shares, worth about $35 million. J. Alan Reid, Jr. ‘s Forward Management also owns 1.477 million shares of Mack Cali Realty Corp, while Chuck Royce holds 918,450 shares.
These and other hedge fund managers and investors have been cashing out a generous dividend yield from Mack Cali Realty Corp. The company has paid a dividend yield of 5.5% of the stock price in the past. However, the dividend was cut to half, and the upcoming payment of $0.15 will account for 2.75% (annualized value) of the current stock price. Despite the decrease, the dividend is still quite generous and could be once again boosted in the future, to meet its average historical yields, which have surpassed 5.44% since 2009.
