5 Best High Yield Stocks To Buy Now

2. Prudential Financial Inc (NYSE: PRU)

Dividend Yield: 5.49%

Payout Ratio: 37.64% (Trailing 12 Months of Earnings)

New Jersey-based Prudential Financial ranks 53 on the Fortune 500 list. The company offers insurance, investment management services and various financial products to retail and institutional customers in the U.S. and 40 countries. The company has over $1.4 trillion worth of assets.

Earlier in February,  the company announced plans to return up to $10 billion of capital to its stockholders via dividends and share repurchases over a period of three years. The company said it will resume its stock buyback program in the first quarter of 2021.  In the fourth quarter, Prudential’s adjusted EPS came in at $2.93, easily beating the Wall Street forecast of $2.57.

The company is also getting the attention of the smart money, as 34 hedge funds tracked by Insider Monkey reported owning stakes in the company at the end of the third quarter, up from 26 funds a quarter earlier.