5 High Dividend Stocks with Attractive Payout Ratios

2. American Eagle Outfitters, Inc. (NYSE:AEO)

Dividend Yield as of March 25: 4.13%

Dividend Payout Ratio: 30.94%

Number of Hedge Fund Holders: 31

American Eagle Outfitters, Inc. (NYSE:AEO) markets and sells clothing, accessories, and personal care products for men, women, and children. The stock yields 4.13% as of March 25. The company declared on March 2 a $0.18 per share quarterly dividend, which was paid on March 24. 

On March 4, Cowen analyst Oliver Chen lowered the price target on American Eagle Outfitters, Inc. (NYSE:AEO) to $25 from $31 and reiterated an Outperform rating on the shares. The analyst believes the underlying brand momentum remains intact but supply chain challenges and increased freight costs are pressure points. 

Among the hedge funds tracked by Insider Monkey, 31 hedge funds were long American Eagle Outfitters, Inc. (NYSE:AEO), up from 24 funds in the earlier quarter. Select Equity Group is the largest shareholder of the company, with 21.5 million shares worth $546.75 million.