5 High Beta Dividend Stocks

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

Dividend Yield as of January 26: 6.7%

Number of Hedge Fund Holders: 23

Beta Value: 1.44

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) is a multinational state-owned oil and gas corporation based in Brazil, supplying a product portfolio that includes petroleum, petroleum products, natural gas, lubricant, petrochemicals, fertilizers, and biofuels. Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) offers a dividend yield of 15% and a beta value of 1.44 as of January 26. 

On August 16, Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) declared a $0.616 per share dividend, which was paid on September 1. Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) stock has returned almost 32% in the last 12 months. 

Goldman Sachs analyst Bruno Amorim upgraded Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) on December 15 to Buy from Neutral with a $14.20 price target. The analyst said he now sees a better risk/reward for Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) despite the existing risks of a change in the fuel pricing policy and capital allocation strategy going into the 2022 presidential election in Brazil. 

Among the hedge funds tracked by Insider Monkey in Q3 2021, 23 funds were long Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR), with collective stakes exceeding $3 billion. Fisher Asset Management is one of the largest Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) stakeholders, with 43.7 million shares worth $452.8 million. 

You can also take a look at Warren Buffett’s Performance in 2021: 10 Best Stock Picks and 10 ESG Dividend Stocks to Buy. 

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