5 Best High Yield Stocks To Buy Now

4. New York Community Bancorp, Inc. (NYSE: NYCB)

Dividend Yield: 6.52%

Payout Ratio: 66.6%

New York Community Bancorp is one of the largest banks in the U.S. It offers multi-family or commercial loans mainly in the New York area. The bank announced a CEO transition in December 2020. In the fourth quarter, NYCB posted its Q4 non-GAAP EPS of $0.27, beating the Street’s estimates by $0.01. Revenue in the period increased by over 24% to $322.95 million, above the consensus by $9.9 million.

Ken Griffin’s Citadel Investment Group increased its hold in NYCB by 40% in the third quarter, ending the period with 11.28 million shares of the company. The fund owns 11.28 million shares of the company. Overall, 28 hedge funds in Insider Monkey’s database of 816 funds are bullish on the company.