5 Quality Stocks With Dividend Yields Over 2%

4. Weyerhaeuser Company (NYSE:WY)

Number of Hedge Fund Holders: 41
Dividend Yield as of September 22: 2.45%

Weyerhaeuser Company (NYSE:WY) is a Washington-based timberland company that has over 14 million acres of timberlands under long-term licenses in Canada. In addition to this, the company specializes in the production of wood products. It currently pays a quarterly dividend of $0.18 per share and has a yield of 2.45%, as of September 22.

In Q2 2022, Weyerhaeuser Company (NYSE:WY) reported strong earnings. It posted an EPS of $1.06 and revenue of $2.97 billion, which beat estimates by $0.08 and $140 million, respectively. The company reported $1.14 billion in operating cash flow, up from $957 million in the previous quarter. Its free cash flow for the quarter came in at $800 million. The company ended the quarter with over $1.7 billion available in cash and cash equivalents, compared with $1.2 billion in the preceding quarter.

At the end of June 2022, 41 hedge funds in Insider Monkey’s database owned stakes in Weyerhaeuser Company (NYSE:WY), up from 40 in the previous quarter. The total value of these stakes is over $328.6 million, compared with $280 million worth of stakes owned by hedge funds a quarter earlier.