5 Dividend Stocks With Over 5% Yield

1. Vale S.A. (NYSE:VALE)

Dividend yield as of February 27: 15.17%

Number of Hedge Fund Holders: 25

Mining giant Vale S.A. (NYSE:VALE), the largest iron ore producer in Brazil, pays its shareholders an annual dividend of $2.70 per share and offers a dividend yield of 15.17%. Vale S.A. (NYSE:VALE) extracts thermal and metallurgical coal and produces other basic materials such as gold, silver, copper, and precious metals.

On February 9, Exane BNP Paribas analyst Sylvain Brunet upgraded his rating on Vale S.A. (NYSE:VALE) to Outperform from Neutral. Brunet set a $20.50 price target for the mineral stock. 

Following an incident last year in which 39 miners were trapped in the Canadian mine, the Brazilian miner has recently resumed operations in the Totten mine. Vale S.A. NYSE:VALE) indicated that the Totten mine closure had already been factored into its 2022 nickel production forecast, which ranged from 175,000 to 190,000 tonnes.

At the end of the fourth quarter of 2021, 25 hedge funds in the database of Insider Monkey held stakes worth $1.71 billion in Vale S.A. (NYSE:VALE), compared to 27 funds in the previous quarter worth 1.98 billion. Fisher Asset Management holds the biggest stake in Vale S.A. (NYSE:VALE) as of the end of December 2021, with over 30.9 million shares worth $434 million. 

You can also take a peek at the 9 Stocks to Buy According to Billionaire Andreas Halvorsen’s Viking Global and Warren Buffett’s Latest Portfolio: 10 Dividend Stock Picks.

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