5 Dividend Stocks with over 11% Yield

In this article, we will discuss the 5 dividend stocks with over 11% yield. If you want to read our comprehensive analysis about dividend investing, go directly to 10 Dividend Stocks with over 11% Yield.

5. NuStar Energy L.P. (NYSE:NS)  

Number of Hedge Fund Holders: 5

Dividend Yield: 11.16% (as of December 9)

NuStar Energy L.P. (NYSE:NS) engages in the marketing, transportation, and terminalling of petroleum products, and operates through its segments: Pipeline, Storage, and Fuels Marketing. The company reported a revenue of $412.35 million for Q3, which outperformed estimates by $33.76 million.

On November 5, UBS analyst Shneur Gershuni upgraded NuStar Energy L.P. (NYSE:NS) to ‘Buy’ from ‘Neutral’, keeping a $22 price target. The analyst noted that 2022 headwinds were priced into the shares, and the company has materially underperformed since hitting a June high, due to concerns around Corpus export volumes and beliefs that the pipeline segment has limited upside having recovered most of its assets since Covid.

Investors were seen loading up on NuStar Energy L.P. (NYSE:NS) stock. 5 hedge funds reported owning shares in the company by the end of the third quarter. In contrast, 3 hedge funds reported owning shares in the company a quarter ago.