5 High Beta Dividend Stocks

2. Culp, Inc. (NYSE:CULP)

Dividend Yield as of January 26: 5.17%

Number of Hedge Fund Holders: 9

Beta Value: 1.05

Culp, Inc. (NYSE:CULP) is an American company supplying mattress and upholstery fabrics worldwide. Culp, Inc. (NYSE:CULP) has distribution and manufacturing facilities across the United States, Canada, and China, and the company is a global partner of leading home furnishing retailers and manufacturers. 

On January 7, Culp, Inc. (NYSE:CULP) declared a $0.115 per share quarterly dividend, which reflects a 4.5% increase from the prior dividend of $0.110. The dividend was paid on January 19, to shareholders of record on January 11. Culp, Inc. (NYSE:CULP) delivers a dividend yield of 5.17% as of January 26. 

Among the hedge funds monitored by Insider Monkey in Q3 2021, 9 funds reported owning stakes in Culp, Inc. (NYSE:CULP), totaling $25.2 million. Renaissance Technologies is the biggest Culp, Inc. (NYSE:CULP) stakeholder, with 848,517 shares worth approximately $11 million.