Analysts Are Recommending These 5 Dividend Stocks

1. Ready Capital Corporation (NYSE:RC)

Dividend Yield as of January 14: 10.84%

Number of Hedge Fund Holders: 13

Ready Capital Corporation (NYSE:RC) is a real estate finance company that secures small to medium sized commercial loans valued up to $45 million, in the form of bridge loans and fixed rate financings for stable assets. Ready Capital Corporation (NYSE:RC) is one of the top dividend stocks that analysts are recommending, offering a yield of 10.84% as of January 14. 

Riley analyst Matt Howlett raised the price target on Ready Capital Corporation (NYSE:RC) to $18 from $17 and reiterated a Buy rating on the shares on December 3. According to the analyst, the company is ideally positioned for rising interest rates with 70% of its loans offering a floating rate, combined with remaining fixed-rate products match funded. There is also marginal upside to estimates if Ready Capital Corporation (NYSE:RC) can lower its cost of capital. 

On December 14, Ready Capital Corporation (NYSE:RC) declared a quarterly $0.42 per share dividend, in line with previous, which is payable on January 31. The company distributes 81.78% of its earnings after taxation to shareholders. 

To make strategic investments in target assets and for general corporate expenditure, Ready Capital Corporation (NYSE:RC) on January 12 priced a public offering of 7 million common shares amounting to $108.9 million. The closing date of the deal was January 14, 2022.

Thomas Steyer’s Farallon Capital, the largest Ready Capital Corporation (NYSE:RC) stakeholder, owns 1.25 million shares of the company, worth roughly $18 million. Overall, 13 hedge funds in the Q3 database of Insider Monkey were bullish on the stock. 

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