5 Undervalued Dividend Stocks with Over 10% Yield

1. Ready Capital Corporation (NYSE:RC)

Dividend Yield as of May 13: 11.76%

Number of Hedge Fund Holders: 13

P/E Ratio as of May 13: 6.22

Ready Capital Corporation (NYSE:RC) is a New York-based real estate finance company that manages a portfolio that operates via SBC Lending and Acquisitions, Small Business Lending, and Residential Mortgage Banking segments. The company’s Q1 revenue of $151.2 million climbed 35.5% year-over-year, topping analysts’ predictions by $10.29 million. 

BTIG transferred coverage of Ready Capital Corporation (NYSE:RC) to analyst Eric Hagen from analyst Timothy Hayes. The analyst maintained a Buy recommendation and an $18.50 price target on the stock on March 11.

On March 15, Ready Capital Corporation (NYSE:RC) declared a $0.42 per share quarterly dividend, in line with previous. The dividend was distributed on April 29, to shareholders of record on March 31. Ready Capital Corporation (NYSE:RC)’s dividend yield on May 13 came in at 11.76%.  

Among the hedge funds tracked by Insider Monkey, 13 funds were bullish on Ready Capital Corporation (NYSE:RC) at the end of December 2021, with total stakes worth $50.25 million. Thomas Steyer’s Farallon Capital held the largest position in the company, with more than 1 million shares valued at about $17 million. 

You can also take a look at 10 European Defense Stocks to Buy Now and 10 Oil Tanker Stocks That Pay Dividends. 

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