5 Dividend Stocks with Over 10% Yield

3. Braskem S.A. (NYSE:BAK)

Number of Hedge Fund Holders: 4

Dividend Yield as of March 2: 14.02%

Braskem S.A. (NYSE:BAK) is a Brazilian company that produces and sells petrochemicals, chemicals, and resins to customers in Brazil, United States, Europe, and Mexico. HSBC analyst Lilyanna Yang upgraded Braskem S.A. (NYSE:BAK) to Buy from Hold with a $22 price target on January 26. 

On December 9, Braskem S.A. (NYSE:BAK) declared a $2.71 per share dividend, which was paid on December 30, to shareholders of record on December 13. Braskem S.A. (NYSE:BAK)’s dividend yield on March 2 came in at 14.02%.

Braskem S.A. (NYSE:BAK) rose 10.2% pre-market on January 28 after Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) and Novonor canceled the share offering of their stakes in the company, citing instability of the capital market conditions and the levels of demand and price not being appropriate for the transaction. 

According to Insider Monkey’s Q4 data, 4 hedge funds were bullish on Braskem S.A. (NYSE:BAK), with combined stakes of $4.2 million, as compared to 18 funds in the prior quarter, holding stakes in Braskem S.A. (NYSE:BAK) worth $18.60 million. Citadel Investment Group is one of the leading shareholders of the company, with 27,415 shares worth $578,000.