5 Industrial Dividend Stocks with Over 3% Yield

2. SFL Corporation Ltd. (NYSE: SFL)

Number of Hedge Fund Holders: 14
Dividend Yield: 8.9%

SFL Corporation Ltd. (NYSE: SFL), an oil and gas storage and transportation company, is next on our list of industrial dividend stocks with over 3% yield. The company owns, operates, and charters out of vessels and offshore related assets and ranks 2nd on our list.

This May, Liam Burke from B. Riley raised his price target on shares of SFL Corporation Ltd. (NYSE: SFL) as well. The new price target on the stock stands at $10, with Burke also keeping a Neutral rating on SFL Corporation Ltd. (NYSE: SFL).

In the first quarter of 2021, SFL Corporation Ltd. (NYSE: SFL) had an EPS of $0.27, beating estimates by $0.14. The company’s revenue was $109.13 million, also beating estimates by $2.12 million. SFL Corporation Ltd. (NYSE: SFL) has also gained 9.12% year to date.

By the end of the first quarter of 2021, 14 hedge funds out of the 866 tracked by Insider Monkey held stakes in SFL Corporation Ltd. (NYSE: SFL) worth roughly $25.2 million. This is compared to 14 hedge funds in the previous quarter with a total stake value of approximately $31.9 million.