5 Extreme Dividend Stocks With Upside Potential

3. Lincoln National Corporation (NYSE:LNC)

Upside Potential as of March 21: 48.4%
Dividend Yield as of March 21: 8.01%

Lincoln National Corporation (NYSE:LNC) is an American insurance company that also operates several investment management businesses. JPMorgan gave a skeptical stance on the insurance sector in January and believes that the sector could perform well if interest rates continue to increase. In view of this, the firm maintained its Neural rating on LNC with a $36 price target.

Lincoln National Corporation (NYSE:LNC) is one of the best dividend stocks on our list as its dividend growth streak stands at 11 years. The company offers a quarterly dividend of $0.45 per share and has a dividend yield of 8.01%, as of March 21.

As of the close of Q4 2022, 36 hedge funds tracked by Insider Monkey reported having stakes in Lincoln National Corporation (NYSE:LNC), worth roughly $505 million collectively. With over 3.3 million shares, Lyrical Asset Management was the company’s leading stakeholder in Q4.