5 Best High Dividend Stocks to Buy Now

2. BHP Group Limited (NYSE:BHP)

Dividend yield as of March 2: 10.22%

Number of Hedge Fund Holders: 21

Australian miner BHP Group Limited (NYSE:BHP), the largest mining company in the world, currently pays its shareholders an annual dividend of $7 per share. As the Melbourne-based mining company announced its fiscal 2022 Q2 results in February, BHP Group Limited (NYSE:BHP) also stated that it will pay a record interim dividend of US$1.50 per share or US$7.6 billion. As of March 2, the stock gained 5.64% in the previous month.

Boston-based investment firm Arrowstreet Capital is one of the biggest stakeholders of BHP Group Limited (NYSE:BHP). According to Insider Monkey’s 13F filings, Arrowstreet increased its stake in the Australian miner by 101% during the fourth quarter of 2021. Overall, 21 funds of the 924 elite funds tracked by Insider Monkey reported owning stakes in the BHP Group Limited (NYSE:BHP) at the end of December 2021.

Meanwhile, Berenberg analyst Richard Hatch maintained his Hold rating on BHP Group Limited (NYSE:BHP) and increased his price target for the stock to 2,300 GBp from 2,200 GBp.