5 Cheap Dividend Stocks with High Yields

4. USA Compression Partners, LP (NYSE:USAC)

Number of Hedge Fund Holders: 1

Dividend Yield: 11.74%

Share Price (as of March 7): $17.88

USA Compression Partners, LP (NYSE:USAC) boasts an impressive dividend yield of 11.74%, and ranks next on our list of cheap dividend stocks with high yields. It operates as a provider of natural gas compression services to oil companies and independent producers in the United States.

As of March 7, USA Compression Partners, LP (NYSE:USAC) recorded a 22.89% increase in share price in the last 12 months, and a 17.86% jump in the last 6 months. The company declared a quarterly dividend of $0.525 per share on January 13, which fell in-line with previous.

The number of operational rigs in the US are set to increase at a quick pace in 2022, and USA Compression Partners, LP (NYSE:USAC) is set to see its earnings rise as a result. Waiting times for new compressors are lengthy due to global supply chain issues, and USA Compression Partners, LP (NYSE:USAC) can fulfil this gap in the market, owing to its 20% idle capacity.

Out of all the hedge funds tracked by Insider Monkey, Citadel Investment Group was the sole shareholder in USA Compression Partners, LP (NYSE:USAC) in the fourth quarter, with 57,000 shares valued at $998,000.