In this article, we discuss 5 low beta dividend stocks with high yields. If you want our detailed analysis of these stocks, go directly to 10 Low Beta Dividend Stocks with High Yields.
5. AGNC Investment Corp. (NASDAQ:AGNC)
Dividend Yield as of January 26: 9.68%
Number of Hedge Fund Holders: 16
Beta Value: 0.93
AGNC Investment Corp. (NASDAQ:AGNC) is an American REIT investing in residential mortgage securities and collateralized mortgage obligations which are guaranteed by a United States government-sponsored enterprise. AGNC Investment Corp. (NASDAQ:AGNC) delivers a yield of 9.68%, which makes it one of the top low beta dividend stocks with a high yield.
On January 10, AGNC Investment Corp. (NASDAQ:AGNC) declared a $0.12 per share monthly dividend, in line with previous. The dividend is payable on February 9, for shareholders of record on January 31.
Piper Sandler analyst Kevin Barker lowered the price target on AGNC Investment Corp. (NASDAQ:AGNC) to $16 from $16.50 and kept a Neutral rating on the shares on January 5. The analyst expects Q4 mortgage banking earnings to be under pressure amid increasing competitive pressures across all channels due to reduced seasonal demand combined with excess capacity. He recommends investors to opt for originators with “valuation support, relatively large servicing fee streams, and the potential for company-specific catalysts.”
In Q3 2021, among the hedge funds tracked by Insider Monkey, Canyon Capital Advisors is the biggest stakeholder of AGNC Investment Corp. (NASDAQ:AGNC), with 3.3 million shares worth $52.71 million. Overall, 16 hedge funds in the third quarter database of Insider Monkey were long AGNC Investment Corp. (NASDAQ:AGNC), with stakes equaling $81.4 million.
4. Green Plains Partners LP (NASDAQ:GPP)
Dividend Yield as of January 26: 11.62%
Number of Hedge Fund Holders: 3
Beta Value: 0.75
Offering fuel storage and transportation services in the United States, Green Plains Partners LP (NASDAQ:GPP) owns and manages fuel storage facilities, terminals, transportation assets, and similar assets. Stifel analyst Selman Akyol on August 3 upgraded Green Plains Partners LP (NASDAQ:GPP) to Buy from Hold with a price target of $16, up from $13.
Green Plains Partners LP (NASDAQ:GPP) on January 21 declared a quarterly dividend of $0.44 per share, which is a 1.1% increase from its prior dividend of $0.43. The dividend will be paid on February 11, to shareholders of record on February 4. Green Plains Partners LP (NASDAQ:GPP) offers a dividend yield of 11.62% as of January 26.
In the third quarter of 2021, 3 hedge funds in the database of Insider Monkey reported owning stakes in Green Plains Partners LP (NASDAQ:GPP), valued at $28.7 million. Jeff Osher’s No Street Capital is the largest stakeholder of the company, with 2.1 million shares worth $28.1 million.
3. Mesabi Trust (NYSE:MSB)
Dividend Yield as of January 26: 11.71%
Number of Hedge Fund Holders: 5
Beta Value: 0.59
Mesabi Trust (NYSE:MSB) is a New York-based royalty trust that derives its primary income from an iron mine based in Minnesota. Since Mesabi Trust (NYSE:MSB) is not taxed as a corporation for income tax purposes, it is not allowed to partake in any business activity except for the collection and distribution of royalties and payment of expenses.
Mesabi Trust (NYSE:MSB) on January 21 declared a $1.75 per share quarterly dividend, which is a 23.2% increase from its prior dividend of $1.42. The dividend is payable on February 20, to shareholders of record on January 30.
According to the third quarter database of Insider Monkey, 5 hedge funds were bullish on Mesabi Trust (NYSE:MSB), with stakes totaling $76.1 million. Murray Stahl’s Horizon Asset Management is the largest Mesabi Trust (NYSE:MSB) stakeholder, owning 1.97 million shares worth $58.5 million.
Here is what Horizon Kinetics has to say about Mesabi Trust (NYSE:MSB) in its Q2 2021 investor letter:
“Also shown was the highest form of asset-light business, which is a hard-asset company, like Mesabi Trust; its revenues come directly from the asset itself, as processed by third parties. With no operating expenditures required, they are passive beneficiaries of any increase in the price of the commodity and any increase in production volumes by the third parties that bear the capital investment and operating costs. No other business model can replicate that level of profitability.”
2. ARMOUR Residential REIT, Inc. (NYSE:ARR)
Dividend Yield as of January 26: 12.90%
Number of Hedge Fund Holders: 6
Beta Value: 0.93
ARMOUR Residential REIT, Inc. (NYSE:ARR) is a Florida-based real estate investment trust that invests in residential mortgage backed securities in the United States, which are usually guaranteed by a government-sponsored entity.
On January 4, ARMOUR Residential REIT, Inc. (NYSE:ARR) declared a $0.10 per share monthly dividend, in line with previous. The dividend will be paid on January 28, to shareholders of record on January 18. ARMOUR Residential REIT, Inc. (NYSE:ARR) delivers a dividend yield of 12.90% as of January 26.
JonesTrading analyst Jason Stewart downgraded ARMOUR Residential REIT, Inc. (NYSE:ARR) on October 28 to Hold from Buy and removed his prior price target after ARMOUR Residential REIT, Inc. (NYSE:ARR)’s distributable earnings miss. He sees the risk versus reward as balanced at current levels for ARMOUR Residential REIT, Inc. (NYSE:ARR), with the shares trading at book value.
In Q3 2021, ARMOUR Residential REIT, Inc. (NYSE:ARR)’s largest stakeholder was Two Sigma Advisors, with 1.3 million shares worth $14.4 million. Overall, 6 hedge funds were bullish on ARMOUR Residential REIT, Inc. (NYSE:ARR), down from 13 funds in the preceding quarter.
1. Icahn Enterprises L.P. (NASDAQ:IEP)
Dividend Yield as of January 26: 15.19%
Number of Hedge Fund Holders: 4
Beta Value: 0.82
Icahn Enterprises L.P. (NASDAQ:IEP) is a Florida-based conglomerate company that invests in multiple sectors including energy, automotive, food packaging, metals, real estate, and home fashion. American investor Carl Icahn owns 95% of Icahn Enterprises L.P. (NASDAQ:IEP).
On November 2, Icahn Enterprises L.P. (NASDAQ:IEP) declared a $2.00 per share quarterly dividend, in line with previous. The dividend was paid on December 22, for shareholders of record on November 16. Icahn Enterprises L.P. (NASDAQ:IEP) offers a dividend yield of 15.19% on January 26.
Carl Icahn’s Icahn Capital LP is the largest stakeholder of Icahn Enterprises L.P. (NASDAQ:IEP) as of Q3 2021, owning 247.1 million shares worth $12.3 billion. Overall, 4 hedge funds were bullish on Icahn Enterprises L.P. (NASDAQ:IEP) in the third quarter, with stakes totaling $12.38 billion.
You can also take a look at Billionaire Ken Fisher is Selling These 10 Stocks and Top 10 Dividend Increases of 2021.
