5 High-Yield But Safe Dividend Stocks to Buy Now

2. Heritage Insurance Holdings, Inc. (NYSE:HRTG)

Dividend Yield as of July 22: 9.72%

Heritage Insurance Holdings, Inc. (NYSE:HRTG) is a Florida-based insurance company that provides personal and commercial residential insurance products to meet consumers’ needs.

In Q1 2022, Heritage Insurance Holdings, Inc. (NYSE:HRTG) returned $6.7 million to shareholders, covering dividends and repurchase of shares. The company had cash and cash equivalents of over $286 million at the end of the quarter, with total assets amounting to nearly $2 billion. Heritage Insurance Holdings, Inc. (NYSE:HRTG) has raised its dividends just once since the inception of its dividend policy in 2015. However, the company maintained its payouts since then and currently offers a quarterly dividend of $0.06 per share. The stock’s yield was recorded at 9.72%, as of the close of July 22.

At the end of Q1 2022, 14 hedge funds tracked by Insider Monkey reported owning stakes in Heritage Insurance Holdings, Inc. (NYSE:HRTG), up from 11 in the previous quarter. These stakes are collectively valued at nearly $21 million, compared with $11.8 million worth of stakes owned by hedge funds in Q4 2021.