5 Dividend Stocks With Over 10% Yield

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

Number of Hedge Fund Holders: 27   

Forward Dividend Yield: 22.43%   

Vale S.A. (NYSE:VALE) produces and sells iron ore that is used to make steel products. It also has interests in the mining of other metals. The company is one of the biggest mining firms in the world with a market capitalization of more than $63 billion. It posted earnings for the third quarter in late October, reporting a revenue of $12.6 billion, up more than 17% compared to the revenue over the same period last year.

Vale S.A. (NYSE:VALE) has plans to exit the coal industry and has invited bids for the coal business. The exit and sale are part of a plan to achieve certain environmental goals ahead of stated targets. 

Among the hedge funds being tracked by Insider Monkey, Florida-based investment firm GQG Partners is a leading shareholder in Vale S.A. (NYSE:VALE) with 43 million shares worth more than $998 million.