5 Best Stocks to Increase Your Dividend Income

3. Vale S.A. (NYSE:VALE)

Number of Hedge Fund Holders: 27  

Dividend Yield: 9.26%   

Vale S.A. (NYSE:VALE) makes and sells steel products.

On March 3, HSBC analyst Jonathan Brandt upgraded Vale S.A. (NYSE:VALE) stock to Buy from Hold and raised the price target to $21.50 from $17.25, noting that the metal prices were on a path to be stronger for longer given supply issues and higher inflation.