5 Value Stocks to Buy With High Dividend Yields

In this article, we discuss 5 value stocks to buy with high dividend yields. If you want to read our detailed analysis of value stocks and the performance of dividend stocks over the years, go directly to read 14 Value Stocks to Buy With High Dividend Yields.

5. Washington Trust Bancorp, Inc. (NASDAQ:WASH)

P/E Ratio as of November 16: 8.85
Dividend Yield as of November 16: 8.41%

Washington Trust Bancorp, Inc. (NASDAQ:WASH) is a Rhode Island-based bank holding company that offers a wide range of financial services company. It currently offers a quarterly dividend of $0.56 per share and has a dividend yield of 8.41%, as of November 16. The company has been raising its dividends consistently for the past 12 years, which makes WASH one of the best dividend stocks.

At the end of Q2 2023, 6 hedge funds in Insider Monkey’s database reported having stakes in Washington Trust Bancorp, Inc. (NASDAQ:WASH), compared with 7 in the previous quarter. These stakes are collectively worth over $18 million.

4. Altria Group, Inc. (NYSE:MO)

P/E Ratio as of November 16: 8.25
Dividend Yield as of November 16: 9.69%

Altria Group, Inc. (NYSE:MO) is an American tobacco company that produces related products for its customers. The company pays a quarterly dividend of $0.98 per share, having raised it by 4.3% in August this year. This marked the company’s 54th consecutive year of dividend growth. The stock’s dividend yield on November 16 came in at 9.69%.

As of the end of Q2 2023, 43 hedge funds tracked by Insider Monkey reported having stakes in Altria Group, Inc. (NYSE:MO), compared with 49 in the previous quarter. The collective value of these stakes is over $446.2 million.

3. Truist Financial Corporation (NYSE:TFC)

P/E Ratio as of November 16: 7.85
Dividend Yield as of November 16: 6.66%

Truist Financial Corporation (NYSE:TFC) is a North Carolina-based bank holding company that offers a wide range of banking, lending, investment, and wealth management services to individuals, businesses, and institutions. It is one of the best dividend stocks on our list as the company has been growing its dividends for eight years straight. The company pays a per-share dividend of $0.52 every quarter for a dividend yield of 6.66%, as of November 16.

Truist Financial Corporation (NYSE:TFC) was a part of 42 hedge fund portfolios at the end of Q2 2023, according to Insider Monkey’s database. The stakes held by these hedge funds have a consolidated value of over $910 million.

2. Verizon Communications Inc. (NYSE:VZ)

P/E Ratio as of November 16: 7.24
Dividend Yield as of November 16: 7.39%

Verizon Communications Inc. (NYSE:VZ) is an American multinational telecommunications company. It offers a quarterly dividend of $0.665 per share and has raised its payouts for 17 years in a row. The stock has a dividend yield of 7.39%, as of November 16.

According to Insider Monkey’s database of Q2 2023, 53 hedge funds owned stakes in Verizon Communications Inc. (NYSE:VZ), worth nearly $829 million in total.

1. Arbor Realty Trust, Inc. (NYSE:ABR)

P/E Ratio as of November 16: 6.88
Dividend Yield as of November 16: 14.13%

Arbor Realty Trust, Inc. (NYSE:ABR) tops our list of the best dividend stocks. The real estate investment trust company has been rewarding shareholders with growing dividends for the past 11 years. The company’s current quarterly dividend comes in at $0.43 per share for a dividend yield of 14.13%, as of November 16.

At the end of June 2023, 12 hedge funds in Insider Monkey’s database owned investments in Arbor Realty Trust, Inc. (NYSE:ABR), worth over $55 million in total.

You can also take a look at Ken Fisher Portfolio: 12 Biggest Positions and 11 Undervalued Insurance Stocks To Buy Now