In this article, we will take a look at the top 5 very high yield dividend stocks with upside potential. To see more such companies, go directly to 11 Very High Yield Dividend Stocks With Upside Potential.
5. Spok Holdings, Inc. (NASDAQ:SPOK)
Number of Hedge Fund Holders: 13
One-Year Average Price Estimate: $15
Healthcare information services company Spok Holdings, Inc. (NASDAQ:SPOK) is one of the high dividend stocks with upside potential. Recently, Spok Holdings, Inc. (NASDAQ:SPOK)’s board declared a quarterly dividend of $0.3125 per share, payable on March 30, 2023, to stockholders of record on March 16, 2023. The dividend showed no change from the previous quarterly dividend.
As of the end of the fourth quarter of 2022, 13 hedge funds in Insider Monkey’s proprietary database of hedge funds had stakes in Spok Holdings, Inc. (NASDAQ:SPOK). The net worth of these stakes was $27 million. The biggest hedge fund stakeholder of Spok Holdings, Inc. (NASDAQ:SPOK) during this period was Noam Gottesman’s GLG Partners which owns a $5.5 million stake in the company.
4. Granite Point Mortgage Trust Inc. (NYSE:GPMT)
Number of Hedge Fund Holders: 14
One-Year Average Price Estimate: $8.50
Commercial real estate finance company Granite Point Mortgage Trust Inc. (NYSE:GPMT) ranks 4th in our list of the high dividend stocks with upside potential.
In December, Granite Point Mortgage Trust Inc. (NYSE:GPMT) declared a quarterly dividend of $0.20 per share. While the dividend was lower than the previous dividend, forward dividend yield still came in at over 13%. The latest dividend was payable on January 17 for shareholders of record as of December 20.
A total of 14 hedge funds tracked by Insider Monkey reported having positions in Granite Point Mortgage Trust Inc. (NYSE:GPMT) at the end of December 2022.
3. Camping World Holdings, Inc. (NYSE:CWH)
Number of Hedge Fund Holders: 17
One-Year Average Price Estimate: $27.63
Recreational vehicles company Camping World Holdings, Inc. (NYSE:CWH) ranks 3rd in our list of the very high dividend stocks with upside potential. A total of 17 hedge funds tracked by Insider Monkey had stakes in Camping World Holdings, Inc. (NYSE:CWH) at the end of the fourth quarter of 2022. The biggest hedge fund stakeholder of Camping World Holdings, Inc. (NYSE:CWH) according to Insider Monkey’s database is David Abrams’ Abrams Capital Management which has an $114 million stake in the company.
In February, Camping World Holdings, Inc. (NYSE:CWH) declared a quarterly dividend of $0.625 per share, in line with the previous dividend. Forward dividend yield at the time came in at 10.84%. The dividend was payable on March 29 to shareholders of record as of March 14.
2. Arbor Realty Trust, Inc. (NYSE:ABR)
Number of Hedge Fund Holders: 17
One-Year Average Price Estimate: $17.13
Arbor Realty Trust, Inc. (NYSE:ABR) is one of the most notable high-dividend REIT stocks currently trading in the market.
In February, Arbor Realty Trust, Inc. (NYSE:ABR) declared a quarterly dividend of $0.40 per share, in line with the previous dividend. Forward dividend yield at the time came in at 10.75%. The dividend was payable on March 17 to shareholders of record as of March 3.
As of the end of the last quarter of 2022, 17 hedge funds in Insider Monkey’s database of 943 hedge funds had stakes in Arbor Realty Trust, Inc. (NYSE:ABR). The total value of these stakes was $68 million. The biggest hedge fund stakeholder of Arbor Realty Trust, Inc. (NYSE:ABR) during this period was Dmitry Balyasny’s Balyasny Asset Management which owns a $26.5 million stake in the company.
1. MFA Financial, Inc. (NYSE:MFA)
Number of Hedge Fund Holders: 20
One-Year Average Price Estimate: $12.40
New York-based REIT MFA is one of the high dividend stocks with upside potential. However, MFA Financial, Inc. (NYSE:MFA) recently joined a long list of companies cutting dividends amid the current macroeconomic satiation. In December, MFA Financial, Inc. (NYSE:MFA) declared a quarterly dividend of $0.35 per share, which was a 20.5% decrease from the previous dividend. However, MFA Financial, Inc. (NYSE:MFA)’s dividend yield at the time still came in at above 12%.
As of the end of the fourth quarter of 2022, 20 hedge funds tracked by Insider Monkey reported having stakes in MFA Financial, Inc. (NYSE:MFA). The net worth of these stakes was $93 million. The biggest hedge fund stakeholder of MFA Financial, Inc. (NYSE:MFA) was Mike Vranos’ Ellington which owns a $15.3 million stake in the company.
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