5 Dividend Stocks With Over 10% Yield

3. BHP Group (NYSE:BHP)

Number of Hedge Fund Holders: 24     

Forward Dividend Yield: 11.21%   

BHP Group (NYSE:BHP) also operates as a mining firm. It is also pursuing a new climate change plan, approved by shareholders in mid-October, with a goal of net zero emissions for suppliers and shippers associated with the firm by 2050. Deutsche Bank analyst Liam Fitzpatrick recently named the stock among a list of short-term investment ideas, noting the rally in energy and coal prices as growth drivers for the firm. 

There are reports that BHP Group (NYSE:BHP) is planning to invest in a copper project in Congo. The company has typically stayed away from partnerships in risky areas, instead preferring to operate in developed countries. 

Among the hedge funds being tracked by Insider Monkey, Washington-based investment firm Fisher Asset Management is a leading shareholder in BHP Group (NYSE:BHP) with 8 million shares worth more than $594 million. 

In its Q1 2021 investor letter, Harding Loevner, an asset management firm, highlighted a few stocks and BHP Group (NYSE:BHP) was one of them. Here is what the fund said:

“Our purchase of Australian mining company BHP is an example of a quality company at a moderate valuation that should deliver attractive long-term returns. We believe the market has undervalued its enduring competitive advantage due to its low cost iron and copper mining operations which has allowed the company to deliver consistent profits and cash flows across the inevitable ups and downs of the global metals cycle. While the variability of commodity prices prevents BHP from scoring in the top ranks of measured quality, we are willing to bear some of that uncertainty in return for a more attractive valuation given the company’s strong business fundamentals.”