5 Best Dividend Aristocrats with over 3% Yield

2. Newmont Corporation (NYSE:NEM)

Number of Hedge Fund Holders: 55

Dividend Yield: 4.13%

Newmont Corporation (NYSE:NEM) is a Colorado-based materials company involved in the production and exploration of precious metals and minerals, including gold, silver and zinc, among others. The company ranks second on our list of the 11 best dividend aristocrats with over 3% yield.

In the second quarter of 2021, Newmont Corporation (NYSE: NEM) had an EPS of $0.83, beating estimates by $0.06. The company’s revenue was $3.06 billion, an increase of over 29.6% on a year-over-year basis, although missing the predicted revenues by $47.30 million.

By the end of the second quarter of 2021, 55 hedge funds out of the 873 tracked by Insider Monkey held stakes in Newmont Corporation (NYSE:NEM) worth roughly $1.3 billion. This is compared to 43 hedge funds in the previous quarter with a total stake value of approximately $994 million.

This September, KeyBanc analyst Adam Josephson initiated coverage of Newmont Corporation (NYSE:NEM) with a Sector Weight rating on its shares.

Out of the hedge funds being tracked by Insider Monkey, New York-based First Eagle Investment Management is a leading shareholder in Newmont Corporation (NYSE:NEM) with 18.4 million share worth $1.16 billion.