10 Best Dividend Stocks Yielding at Least 7% According to Analysts

4. Bloomin’ Brands, Inc. (NASDAQ:BLMN)

Upside Potential as of February 5: 16.9%

Dividend Yield as of February 5: 7.71%

Bloomin’ Brands, Inc. (NASDAQ:BLMN) is a Florida-based restaurant holding company that owns four brands: Outback Steakhouse, Fleming’s Prime Steakhouse & Wine Bar, Carrabba’s Italian Grill, and BonefishGrill. On November 6, the company entered into a Purchase Agreement with Vinci Partners to strategically re-franchise its Brazilian operations, selling a 67% stake for around $243 million. Analysts believe this move will streamline BLMN’s business and enhance operational efficiency by allowing the company to concentrate on its domestic market. With an upside potential of nearly 17%, BLMN is one of the best dividend stocks on our list.

Bloomin’ Brands, Inc. (NASDAQ:BLMN) is undergoing a leadership transition, with Michael Spanos recently stepping in as CEO to revitalize the business. Known for successfully guiding well-established companies through difficult periods, he brings a strong focus on customer-centric strategies. In addition, the company is in the process of franchising its Brazilian operations.

Bloomin’ Brands, Inc. (NASDAQ:BLMN) has been paying regular dividends to shareholders since 2015. The company had a strong cash position, as it ended the quarter with over $83.6 million available in cash and cash equivalents. It currently offers a quarterly dividend of $0.24 per share and has a dividend yield of 7.71%, as of February 5.

The number of hedge funds tracked by Insider Monkey owning stakes in Bloomin’ Brands, Inc. (NASDAQ:BLMN) grew to 27 in Q3 2024, from 23 in the previous quarter. The consolidated value of these stakes is over $284.6 million. With over 8.4 million shares, Starboard Value LP was the company’s leading stakeholder in Q3.