5 Value Stocks to Buy With High Dividend Yields

In this article, we discuss 5 value stocks to buy with high dividend yields. If you want to read our detailed analysis of value and dividend stocks and their performance in the past, go directly to read 13 Value Stocks to Buy With High Dividend Yields. 

5. Diamondback Energy, Inc. (NASDAQ:FANG)

P/E Ratio as of April 26: 5.45
Dividend Yield as of April 26: 7.01%

Diamondback Energy, Inc. (NASDAQ:FANG) is an American independent oil and natural gas company, headquartered in Texas. Raymond James raised its price target on the stock in April to $190 with a Strong Buy rating on the shares, presenting a positive outlook on the company’s production this year.

On February 21, Diamondback Energy, Inc. (NASDAQ:FANG) declared a 6.7% hike in its quarterly dividend to $0.80 per share. The company also declared a variable cash dividend of $2.15 per common share for the fourth quarter of 2022. The stock has a dividend yield of 7.01%, as of April 26.

As of the end of December 2022, 52 hedge funds in Insider Monkey’s database reported having stakes in Diamondback Energy, Inc. (NASDAQ:FANG), down from 55 in the previous quarter. These stakes have a collective value of over $1.11 billion.

4. KeyCorp (NYSE:KEY)

P/E Ratio as of April 26: 5.93
Dividend Yield as of April 26: 7.82%

KeyCorp (NYSE:KEY) is an American commercial banking and financial services company. In April, Wells Fargo maintained an Overweight rating on the stock with a $17 price target. The firm mentioned that the company’s credit remains solid this year as well.

KeyCorp (NYSE:KEY), one of the best dividend stocks on our list, currently pays a quarterly dividend of $0.205 per share. The company has been raising its dividends consistently for the past 12 years. The stock has a dividend yield of 7.82%, as of April 26.

At the end of Q4 2022, 33 hedge funds in Insider Monkey’s database owned stakes in KeyCorp (NYSE:KEY), the same as in the previous quarter. The collective value of these stakes is over $582 million. With over 7.3 million shares, Adage Capital Management was the company’s leading stakeholder in Q4.

3. Coterra Energy Inc. (NYSE:CTRA)

P/E Ratio as of April 26: 4.86
Dividend Yield as of April 26: 10.54%

A Texas-based energy company, Coterra Energy Inc. (NYSE:CTRA) is next on our list of the best dividend stocks. The company currently pays a quarterly dividend of $0.57 per share for a dividend yield of 10.54%, as of April 26.

Stephens initiated its coverage with an Overweight rating and a $32 price target, naming the stock its ‘best idea’ in the group. The firm also appreciated the company’s strong cash flow generation.

At the end of Q4 2022, 33 hedge funds tracked by Insider Monkey held stakes in Coterra Energy Inc. (NYSE:CTRA), the same as in the previous quarter. These stakes are collectively valued at $582 million.

ClearBridge Investments mentioned Intel Corporation (NASDAQ:INTC) in its Q3 2022 investor letter. Here is what the firm has to say:

“Also on the detractor side, Intel Corporation (NASDAQ:INTC) delivered a disappointing revenue miss and lowered full-year revenue and earnings guidance as COVID-19-driven demand for PCs abated (where Intel enjoys half its sales) and a delay in its flagship Sapphire Rapids CPU hurt its data center business. Despite these issues, we still believe Intel is an economically sensitive turnaround story with substantial upside.”

2. The Western Union Company (NYSE:WU)

P/E Ratio as of April 26: 4.55
Dividend Yield as of April 26: 8.82%

The Western Union Company (NYSE:WU) is a Colorado-based multinational financial services company. Wolfe Research expects the company to show better-than-expected transaction activity this year. In view of this, the firm upgraded the stock to Peer Perform in April.

On March 15, The Western Union Company (NYSE:WU) declared a quarterly dividend of $0.235 per share, which fell in line with its previous dividend. This best dividend stock on our list has a dividend yield of 8.82%, as recorded on April 26.

At the end of Q4 2022, 28 hedge funds tracked by Insider Monkey owned stakes in The Western Union Company (NYSE:WU), the same as in the previous quarter. These stakes have a collective value of over $248.6 million.

Ariel Investments mentioned Western Union Company (NYSE:WU) in its Q3 2022 investor letter. Here is what the firm has to say:

“Global leader in money transfer services The Western Union Company (NYSE:WU) also traded lower in the period on mixed earnings results. Softness in retail money transfer resulted in weaker than expected revenues, however, operating profit margin expansion drove a bottom-line beat. Management also continues to return capital to shareholders through dividends and share repurchases. Although the company anticipates the macroeconomic environment will continue to slow, it reminded investors remittances have proved resilient in prior periods of economic contraction. At current levels, WU is trading at a -41% discount to our estimate of private market value.”

1. Chesapeake Energy Corporation (NASDAQ:CHK)

P/E Ratio as of April 26: 2.30
Dividend Yield as of April 26: 11.65%

Chesapeake Energy Corporation (NASDAQ:CHK) tops our list of the best dividend stocks. On March 22, the company declared a quarterly dividend of $1.29 per share and has a dividend yield of 11.65%, as of April 26.

As of the end of Q4 of 2022, 58 hedge funds had stakes in Chesapeake Energy Corporation (NYSE:CHK), according to Insider Monkey’s database of 943 hedge funds.

Carillon Tower Advisers made the following comment about Chesapeake Energy Corporation (NASDAQ:CHK) in its Q3 2022 investor letter:

“Chesapeake Energy Corporation (NASDAQ:CHK), a natural gas exploration and production company, emerged from bankruptcy with little fanfare in 2021, despite having rid itself of its debt burden and onerous pipeline contracts. The company was able to make two large acquisitions at very reasonable prices within its core producing areas, allowing for scale and cost savings. Then in 2022, natural gas prices began to rise well above expectations, increasing the value of Chesapeake’s large natural gas resources and production and contributing to its outperformance.”

You can also take a look at 15 Cheap Growth Stocks to Buy and 15 Small Company Stocks You Should Own Now

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