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News

Invest Like Carolina Panthers Owner David Tepper With These 5 Big Dividend Stocks His Hedge Fund Owns

Author: Dylan Wechsler | August 17, 2022 05:46pm

David Tepper, the owner of the Carolina Panthers and founder of Appaloosa Management, has become a self-made billionaire through the hedge fund he manages and the gains from his stock portfolio.

A recent 13F-HR SEC filing has revealed to the public the various companies Tepper currently has holdings in. This article will take a look at the five companies that provide the billionaire investor the highest dividend yield. 

1. MPLX LP (NYSE:MPLX)
Price: $32.78
52-Week Range: $26.80 to $35.49
YTD Performance: 9.54%
Dividend Yield: 8.60%

2. Energy Transfer LP Unit (NYSE:ET)
Price: $11.66
52-Week Range: $7.96 to $12.48
YTD Performance: 33.98%
Dividend Yield: 7.80%

3. ALPS Alerian MLP ETF (NYSE:AMLP)
Price: $39.10
52-Week Range: $30.04 to $42.18
YTD Performance: 16.15%
Dividend Yield: 6.96%

4. Enterprise Products Partners L.P. (NYSE:EPD)
Price: $27.12
52-Week Range: $20.42 to $28.65
YTD Performance: 19.79%
Dividend Yield: 6.96%

5. Kohl’s Corporation (NYSE:KSS)
Price: $33.93
52-Week Range: $26.07 to $64.38
YTD Performance: –31.57%
Dividend Yield: 5.70%

Even though the majority of the stocks previously listed have had a strong year so far, having a high dividend yield still brings peace of mind to investors. While this article covered some of Tepper’s portfolio, it consists of 28 stocks and 16 of them have a dividend. To see the full list of Tepper’s holdings, click this link.

Dividend payouts can provide income for traders and also make many of the large cap stocks fall into the value category instead of growth, which can mean predictable earnings and dividend increases.

Photo: Courtesy of TepperCMU on flickr
 


 

Posted In: AMLP EPD ET KSS MPLX