5 Best Dividend Stocks Yielding at Least 7% According to Hedge Funds

3. KeyCorp (NYSE:KEY)

Number of Hedge Fund Holders: 49
Dividend Yield as of August 19: 7.57%

KeyCorp (NYSE:KEY) is an Ohio-based regional bank that offers a wide range of services and products to retail, small businesses, corporate, and commercial clients. It is one of the best dividend stocks on our list as it maintains a 12-year streak of dividend growth. The company pays a quarterly dividend of $0.205 per share and has a dividend yield of 7.57%, as of August 20.

KeyCorp (NYSE:KEY) was a popular buy among elite funds in Q2 2023, as hedge fund positions in the company jumped to 49 during the quarter, from 34 in the previous quarter. The collective value of stakes owned by these funds is over $334.1 million.

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