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.
4. Orchid Island Capital, Inc. (NYSE:ORC)
Number of Hedge Fund Holders: 10
Dividend Yield: 17.69% (as of December 9)
10 hedge funds out of 867 tracked by Insider Monkey were long Orchid Island Capital, Inc. (NYSE:ORC) by the end of September. In comparison, 9 hedge funds disclosed ownership of stakes in the company in the preceding quarter.
Orchid Island Capital, Inc. (NYSE:ORC) is a specialty finance company that deals in residential mortgage-backed securities (RMBS). It is headquartered in Florida.
3. Falcon Minerals Corporation (NASDAQ:FLMN)
Number of Hedge Fund Holders: 19
Dividend Yield: 13.66% (as of December 15)
Falcon Minerals Corporation (NASDAQ:FLMN) is a New York-based company that deals in the provision of oil and gas minerals by acquiring mining properties in North America.
Falcon Minerals Corporation (NASDAQ:FLMN) was reported to be in the portfolio of 19 hedge funds tracked by Insider Monkey at the end of the third quarter. In comparison, 25 hedge funds reported owning shares in the company a quarter ago.
For the third quarter, Falcon Minerals Corporation (NASDAQ:FLMN) reported earnings per share of $0.08, which was in-line with consensus estimates. The company pulled in $19.21 million in revenue for the quarter, which exceeded analysts’ forecasts by $251,000.
2. FS KKR Capital Corp. (NYSE:FSK)
Number of Hedge Fund Holders: 14
Dividend Yield: 11.64% (as of December 9)
FS KKR Capital Corp. (NYSE:FSK) is a business development company that invests primarily in debt securities. The Philadelphia-based company invests in private middle market U.S. companies with the objective to generate current income.
For the third quarter of 2021, FS KKR Capital Corp. (NYSE:FSK) posted an EPS of $0.64, beating estimates by $0.02. The firm raked in $360 million in quarterly revenue, exceeding consensus estimates by $24.12 million.
14 hedge funds in Insider Monkey’s database were long FS KKR Capital Corp. (NYSE:FSK) by the end of the third quarter. The combined value of these holdings stood at $204.1 million.
1. Sculptor Capital Management, Inc. (NYSE:SCU)
Number of Hedge Fund Holders: 15
Dividend Yield: 18.05% (as of December 9)
Ranking first on this list is Sculptor Capital Management, Inc. (NYSE:SCU), an asset management firm that provides investment products to its clients in a range of areas including multi-strategy, credit, and real estate. It offers an 18.05% dividend yield to its shareholders as of December 9.
Sculptor Capital Management, Inc. (NYSE:SCU) posted an EPS of $0.58 for the third quarter, beating estimates by $0.06.
On November 5, research firm Citi analyst William Katz kept a ‘Buy’ rating on Sculptor Capital Management, Inc. (NYSE:SCU) shares, lowering the price target to $43.50 from $55.
As of the third quarter, 15 hedge funds held Sculptor Capital Management, Inc. (NYSE:SCU) shares in their portfolio.
You can also take a look at Tor Minesuk’s Top 10 Stock Picks for 2021 and 10 Best Long-Term Dividend Stocks to Buy and Hold.
