Do you prefer stocks that pay big dividend income? For a closer look at some interesting high dividend yield stocks, we ran a screen.
We began by screening for stocks paying big dividends, with dividend yields above 4% and sustainable payout ratios below 50%.
We then screened for those with bullish sentiment from institutional investors, with significant net institutional purchases over the last quarter representing at least 5% of share float. This indicates that institutional investors such as hedge fund managers and mutual fund managers expect these names to outperform.
Do you think these stocks pay reliable dividend income? Use this list as a starting point for your own analysis.
List sorted by net institutional purchases over the last quarter as a percent of share float.
1. Bridge Bancorp, Inc. (BDGE): Operates as the holding company for The Bridgehampton National Bank that provides a range of commercial and consumer banking services in eastern Long Island, New York. Market cap at $168.13M, most recent closing price at $19.55. Dividend yield at 4.71%, payout ratio at 46.40%. Net institutional purchases in the current quarter at 930.2K shares, which represents about 12.76% of the company's float of 7.29M shares.
2. FutureFuel Corp. (FF): Engages in the manufacture and sale of specialty chemicals and bio-based products primarily in the United States. Market cap at $409.89M, most recent closing price at $9.92. Dividend yield at 4.03%, payout ratio at 42.12%. Net institutional purchases in the current quarter at 1.1M shares, which represents about 9.88% of the company's float of 11.13M shares.
3. The Bank Of Nova Scotia (BNS): Offers various personal, commercial, corporate, and investment banking services in Canada and internationally. Market cap at $57.41B, most recent closing price at $50.48. Dividend yield at 4.36%, payout ratio at 44.37%. Net institutional purchases in the current quarter at 77.5M shares, which represents about 6.8% of the company's float of 1.14B shares.
*Institutional data sourced from Fidelity, all other data sourced from Finviz.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.