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link back, Investing Like a Billionaire Gets You a 9% Dividend Yield
Marshall Hargrave | Jul 24, 2014 | Dividend Growth, Dividend Stocks, DIVIDENDS, Energy Stocks, High-Yield


At this year’s Delivering Alpha conference, where the market heavyweights come together to talk about the economy and stocks, billionaire Leon Cooperman was one of the heaviest of weights.

When he speaks, the market listens.

This 71-year-old billionaire has been running his own hedge fund, Omega Advisors, for over two decades. Omega Advisors posted gains of 25% back in 2012. Cooperman’s fund followed up that performance with a 30% gain last year.

At Delivering Alpha, Cooperman said, “Income is like sex, when it’s bad it’s good and when it’s good it’s really good.”

Cooperman has long been a fan of income stocks, but he’s also great at finding deep value investments. That’s because Cooperman “has no hobbies, no anything. This is what he does,” according to Michael Lewitt of The Credit Strategist.

Cooperman’s latest find is a near-double-digit-yielding play on offshore drilling. Nordic American Offshore (NYSE: NAO) debuted on the NYSE back in June. It’s offering a $0.45 per share quarterly dividend, putting its dividend yield at 9%.

more http://www.wyattresearch.com/article/billionaire-dividend-yield/