5 Dividend Stocks With Over 2% Yield

In this article, we discuss 5 dividend stocks with over 2% yield. If you want to read about some more stocks that hedge funds like, the risk/reward, and methodology of this list, go directly to 10 Dividend Stocks With Over 2% Yield.

5. The Goldman Sachs Group, Inc. (NYSE:GS)

Dividend Yield as of September 27: 3.43%

Number of Hedge Funds Holders: 69

Total Value of Hedge Fund Holdings: 4.61 billion

Headquartered in New York, The Goldman Sachs Group, Inc. (NYSE:GS) is a financial company that offers a variety of financial services to consumers, corporations, governments, and financial organizations around the world.

Given its strong position in the capital market, The Goldman Sachs Group, Inc. (NYSE:GS), has the potential to grow earnings in the long term. On July 2022, The Goldman Sachs Group, Inc. (NYSE:GS) declared a quarterly dividend of $2.50 per share. As of September 27, the stock had a dividend yield of 3.43%.

Overall, the company remained a popular stock among hedge funds. At the end of the second quarter of 2022, 69 hedge funds in the database of Insider Monkey held stakes worth $4.61 billion in The Goldman Sachs Group, Inc. (NYSE:GS). As of September 12, Eagle Capital Management owned more than 3 million shares in The Goldman Sachs Group, Inc. (NYSE:GS). The hedge fund’s total stake in the company stood at over $1 billion, which accounted for 4.37% of its 13F portfolio.

Here is what GoodHaven Capital Management specifically said about The Goldman Sachs Group, Inc. (NYSE:GS) in its Q2 2022 investor letter:

We also initiated a position in Goldman Sachs at an inexpensive valuation and are attracted by the potential durability of the company’s ability to generate high returns on equity driven in part by the growth in their existing and new franchises.