5 Cheap Dividend Stocks with High Yields

1. Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Number of Hedge Fund Holders: 26

Dividend Yield: 14.73%

Share Price (as of March 7): $13.36

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) ranks 1st on out list of cheap dividend stocks with a high yield, with its dividend yield coming in at 14.73% as of March 7. The firm is based in Brazil, and is one of the largest oil producers in the world.

Investor sentiment is up on Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR), as 26 hedge funds were long on the company shares in the fourth quarter, up from 23 in the quarter before. GQG Partners, a leading shareholder in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR), upped its stake in the firm by 9% in Q4, bringing it to roughly 187 million shares worth an astounding $2.06 billion.

In December, Goldman Sachs analyst Bruno Amorim upgraded Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) to ‘Buy’ from ‘Neutral’ with a price target of $14.20, noting that he sees a positive risk/reward for the company heading into 2022. As of March 7, the firm has gained a whopping 72.16% in the last 12 months, and 21.68% in the year to date.

You can also take a look at 10 Best Consumer Finance Stocks To Buy Now and 10 Blue Chip Dividend Stocks Hedge Funds Are Buying.

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