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

2. The Wendy’s Company (NASDAQ:WEN)

Number of Hedge Fund Holders: 36

Dividend Yield as of April 25: 7.84%

On April 24, Bank of America analyst Sara Senatore lowered the firm’s price recommendation on The Wendy’s Company (NASDAQ:WEN) to $7 from $8. It reiterated an Underperform rating on the shares. The update reflects revised estimates across the firm’s restaurant coverage ahead of calendar Q1 earnings.

On April 21, Wendy’s announced the opening of its 100th Wendy’s restaurant in the Philippines. The new location is in Angeles City, Province of Pampanga, along Friendship Highway. The restaurant is owned and operated by Wenphil Corp. The milestone highlights the brand’s long-term commitment to one of Southeast Asia’s fastest-growing quick-service restaurant markets.

Wendy’s has built its presence in the Philippines over more than 40 years, reaching 100 locations as demand in the QSR segment continues to grow. Frequent customer visits have supported further expansion. The company sees the Philippines as a key growth market and is expanding with Wenphil Corp., which plans to reach 200 locations by 2030. Management said the milestone reflects strong momentum in the market, supported by partnerships and a continued focus on quality, convenience, and localized offerings.

The Wendy’s Company (NASDAQ:WEN) operates, develops, and franchises quick-service restaurants. Its menu includes made-to-order square hamburgers using beef, along with items such as the Spicy Chicken Sandwich and nuggets, the Baconator, and the Frosty dessert.