Howard Marks's top dividend stocks (July 2026) include United States Cellular Corporation (USM), a provider of wireless telecommunications services that operates its own network and retail stores across the country.

Howard Marks is the Co-Chairman of Oaktree Capital Management, where he oversees the firm's investment strategy and philosophy. Based in Los Angeles, he is widely recognized for his focus on credit and value-driven investment opportunities across various asset classes.

United States Cellular Corporation (USM)

United States Cellular Corporation provides a broad range of wireless solutions, including voice, messaging, and data services to millions of customers. The company also manages a significant portfolio of wireless tower assets and provides infrastructure support to other carriers. The current value of Marks’s position in the firm stands at $55.79M. It offers a dividend yield of 1.19% and carries a TTM dividend rate of 0.0, while its discounted cash flow is calculated at 37.29.

Here's an overview of Howard Marks's trades in United States Cellular Corporation:

Telephone And Data Systems, Inc. (TDS)

Telephone and Data Systems is a diversified telecommunications enterprise that provides wireless, cable, and wireline services through its subsidiaries. Its operations span residential and business sectors, focusing on providing high-speed internet and communication services to underserved markets. Within the current portfolio, this holding is valued at $158.86M. The company provides a TTM dividend rate of 10.41 alongside a current yield of 0.27%, with a discounted cash flow value sitting at -1.19.

Here's an overview of Howard Marks's trades in Telephone And Data Systems, Inc.:

Runway Growth Finance Corp (RWAY)

Runway Growth Finance Corp operates as a business development company that specializes in providing senior secured loans to late-stage growth companies. The firm targets businesses in various sectors, offering flexible capital solutions to support expansion and acquisitions. This finance-focused position represents a $39.44M current value in Marks's portfolio. Investors see a yield of 0.19% and a TTM dividend rate of 1.02; meanwhile, analysts have set a price target of 8.83 and the DCF value is -4.48.

Here's an overview of Howard Marks's trades in Runway Growth Finance Corp:

Oaktree Specialty Lending Corp (OCSL)

Oaktree Specialty Lending Corp is a specialty finance company that provides customized credit solutions to middle-market companies. The firm invests primarily in first and second lien loans, as well as mezzanine debt and equity securities to support various corporate needs. The current value of this specific stake in the portfolio is $22.12M. With a current dividend yield of 0.10%, the stock maintains a TTM dividend rate of 1.54, an analyst price target of 13.0, and a discounted cash flow of 9.23.

Here's an overview of Howard Marks's trades in Oaktree Specialty Lending Corp:

TORM Plc (TRMD)

TORM Plc is a world-leading carrier of refined oil products, operating a large fleet of modern product tankers. The company facilitates the global transportation of energy products such as gasoline, jet fuel, and naphtha for major oil companies and traders. Currently valued at $621.26M in the portfolio, this transportation giant features a TTM dividend rate of 2.42. It offers a current yield of 0.09%, while the discounted cash flow is 52.58 and the analyst price target stands at 35.0.

Here's an overview of Howard Marks's trades in TORM Plc: