Bruce Berkowitz's top dividend stocks (May 2026) include Energy Transfer LP (ET), a key player in the transportation and storage of natural gas and natural gas liquids across the United States.

Bruce Berkowitz is the founder and managing member of Fairholme Capital Management, an investment firm known for its focused, value-oriented approach. His strategy typically involves identifying deeply undervalued companies for long-term investment, often taking significant positions in a limited number of businesses.

Energy Transfer LP (ET)

Energy Transfer LP operates a vast network of pipelines and related assets, crucial for the transportation of natural gas, natural gas liquids, crude oil, and refined products throughout the U.S. This midstream energy giant plays a vital role in connecting supply to demand across the country. Berkowitz's current position in Energy Transfer LP holds a value of $3.36 million. Investors are currently seeing a dividend yield of approximately 6.94%, with a trailing twelve-month dividend rate of $1.33 per unit. The discounted cash flow value for ET stands at $45.16.
Here's an overview of Bruce Berkowitz's trades in Energy Transfer LP:

Progressive Corp. (PGR)

Progressive Corp. is a prominent insurer specializing in personal and commercial auto insurance, alongside offerings in home insurance and other property-casualty products. The company is recognized for its innovative approach to insurance pricing and customer service. Bruce Berkowitz's current holding in Progressive Corp. is valued at $5.15 million. Progressive currently offers investors a dividend yield of around 6.92%, with its trailing twelve-month dividend rate reported at $13.90. Analysts have set a price target of $231.05 for PGR, while its discounted cash flow indicates a value of $59.37.
Here's an overview of Bruce Berkowitz's trades in Progressive Corp.:

Enterprise Products Partners L P (EPD)

Enterprise Products Partners L P stands as a major North American provider of midstream energy services, serving producers and consumers across the natural gas, NGLs, crude oil, petrochemicals, and refined products markets. It manages an extensive infrastructure of pipelines, storage facilities, and processing plants. Bruce Berkowitz maintains a significant stake in Enterprise Products Partners, with his current portfolio position valued at $210.93 million. This midstream powerhouse currently delivers a dividend yield of approximately 5.72%, reflecting a trailing twelve-month dividend rate of $2.18 per unit. The average analyst price target for EPD is $37.14, and its discounted cash flow estimate is $68.19.
Here's an overview of Bruce Berkowitz's trades in Enterprise Products Partners L P:

Bank OZK (OZK)

Bank OZK is a state-chartered regional bank offering a comprehensive suite of financial services, including retail and commercial banking, lending, and wealth management. Headquartered in Little Rock, Arkansas, the bank is particularly noted for its expertise in real estate lending. The current value of Bruce Berkowitz's position in Bank OZK is $44.0 million. Shareholders benefit from a dividend yield of roughly 3.83%, based on a trailing twelve-month dividend rate of $1.82 per share. Analyst forecasts suggest a price target of $59.17 for OZK, with its discounted cash flow calculated at $102.05.
Here's an overview of Bruce Berkowitz's trades in Bank OZK:

Target Corp (TGT)

Target Corp. operates as one of the largest general merchandise retailers in the United States, providing a diverse range of products through its physical stores and robust e-commerce platform. Shoppers can find everything from groceries and household essentials to apparel, electronics, and home decor. Bruce Berkowitz's current portfolio position in Target Corp is valued at $2.98 million. The company's dividend yield stands at approximately 3.51%, reflecting a trailing twelve-month dividend rate of $4.54. The average analyst price target for TGT is $120.88, while its discounted cash flow estimate comes in at $98.97.
Here's an overview of Bruce Berkowitz's trades in Target Corp: