5 Dividend Stocks With Over 8% Yield

4. Falcon Minerals Corporation (NASDAQ:FLMN)

Number of Hedge Fund Holders: 19

Dividend Yield as of December 3: 10.50%

Falcon Minerals Corporation (NASDAQ:FLMN) acquires and owns mineral, royalty, and overriding royalty interests in oil and natural gas properties in North America.

This October, Piper Sandler analyst Pearce Hammond raised his price target on Falcon Minerals Corporation (NASDAQ:FLMN) to $6.50 from $5 and reiterated an Overweight rating on the shares.

For the fiscal third quarter of 2021, Falcon Minerals Corporation (NASDAQ:FLMN) reported earnings per share of $0.11, and beat estimates by $0.04. The company generated $19.21 million in revenues for the quarter, up from $9.67 million last year, which shows a 98.72% gain year-over-year. The stock’s forward price-to-earnings ratio is 29.94 and has a forward yield of 10.50% as of 3rd December.

By the end of the third quarter of 2021, Falcon Minerals Corporation (NASDAQ:FLMN) was present in 19 hedge fund portfolios whose total stakes in the company amounted to $43.88 million, up from $42.8 million in the prior quarter. Nantahala Capital Management owned the most shares of Falcon Minerals Corporation (NASDAQ:FLMN) by September end and had stakes of over $11.7 million in the oil corporation.