25 High Dividend Stocks Being Targeted By Short Sellers

13. Macy’s, Inc. (NYSE:M)

Short % of Float as of April 15: 7.78%

Dividend Yield as of April 28: 6.35%

Macy’s, Inc. (NYSE:M) is an American holding company of department stores, headquartered in New York. In March, the company issued an annual sales and profit outlook that fell short of Wall Street’s expectations, reflecting a broader pattern among US retailers struggling with softer consumer spending and the added strain of new trade restrictions. Macy’s, which sources a large share of its private-label products from China, is also likely to face additional challenges as the newly announced tariffs from President Donald Trump could further squeeze already stretched American household budgets. M is down by over 30% since the start of 2025 and is among the dividend stocks targeted by short sellers.

In the fourth quarter of 2024, Macy’s, Inc. (NYSE:M) reported revenue of $7.77 billion, a 4.3% decline compared to the same period the previous year. Despite the drop, the figure still exceeded analysts’ projections by $12.5 million. As the first year of its Bold New Chapter strategy wrapped up, the company pointed to investments in customer experience as a key driver behind its strongest comparable sales performance in nearly three years. The First 50 locations achieved sales growth for four straight quarters, while its luxury banners, Bloomingdale’s and Bluemercury, delivered even faster annual sales growth.

Macy’s, Inc. (NYSE:M) also reported a healthy cash position, appealing to income-focused investors. The company closed the year with $1.3 billion in cash, while its operating cash flow for the year also totaled $1.3 billion and free cash flow reached $679 million. In February, Macy’s raised its quarterly dividend by 5% to $0.1824 per share, marking its fourth consecutive year of dividend growth. The stock supports a dividend yield of 6.35%, as of April 28.