Bill Miller, a legendary investor known for outperforming the S&P 500 for 15 consecutive years, continues to influence the market through his firm, Miller Value Partners. Now led by his son, the fund maintains a focus on deep value opportunities, prominently featuring three ultra-high-yield dividend stocks: Lincoln National, Gray Media, and Quad/Graphics. Each of these stocks has been significantly impacted by recent market volatility, presenting intriguing opportunities for value investors.
Lincoln National, the fund’s second-largest holding, has seen its share price drop over 20% year-to-date, making its forward earnings valuation attractive at just four times earnings. Meanwhile, Gray Media’s stock has plummeted over 80% from its peak, although it offers a compelling 7.7% dividend yield. Quad/Graphics, despite its strong performance in 2026, remains undervalued at 6.2 times forward earnings, with a forward dividend yield of 5.5%.
These stocks exemplify Miller’s strategy of targeting smaller, overlooked companies that offer high yields and potential for recovery. For market professionals, this highlights the importance of identifying value stocks that may be mispriced, especially in turbulent market conditions.
Source: fool.com