Investing

7 Big Dividend Stocks Wall Street Hates That Investors Should Love Now

The company provides its products primarily under the Apt. 9, Croft & Barrow, Jumping Beans, SO, and Sonoma Goods for Life brand names, as well as Food Network, LC Lauren Conrad, Nine West and Simply Vera Vera Wang. As of March 21, 2022, it operated approximately 1,100 Kohl’s stores.

Recently, several news organizations reported that Oak Street Real Estate Capital made an offer to buy $2 billion worth of its stores and lease them back to Kohl’s.

The dividend yield here is 7.68%. Baird is the only Wall Street firm with an Outperform rating. Its $40 target price is well above the $30.71 consensus target. Kohl’s stock closed on Tuesday at $27.55.

New York Community Bancorp

This somewhat off-the-radar company pays a huge dividend and is an attractive idea for investors also looking to own financials now. New York Community Bancorp Inc. (NYSE: NYCB) operates as the bank holding company for New York Community Bank, which provides banking products and services in New York, New Jersey, Ohio, Florida and Arizona.

The company accepts various deposit products, such as interest-bearing checking and money market, savings, non-interest-bearing and individual retirement accounts, as well as certificates of deposit. Its loan products include multifamily loans; commercial real estate loans; specialty finance loans and leases; and commercial and industrial loans; acquisition, development and construction loans; one-to-four family loans; and consumer loans.

The company also offers annuities, life and long-term care insurance products and mutual funds; cash management products; and online, mobile and phone banking services. It primarily serves individuals, small and midsize businesses, and professional associations through a network of 237 community bank branches and 340 ATM locations.

Investors receive a 7.67% dividend. The $11 price target at BofA Securities, which has the only Buy rating on Wall Street, is near the $11.36 consensus target for New York Community Bancorp stock. Tuesday’s closing print was $9.18.

Prudential Financial

This is a top financial services and insurance company, and only one Wall Street firm has a Buy rating on the shares. Prudential Financial Inc. (NYSE: PRU) provides insurance, investment management and other financial products and services in the United States and internationally.

The company offers investment management services and solutions related to public fixed income, public equity, real estate debt and equity, private credit and other alternatives, and multi-asset class strategies to institutional and retail clients, as well as its general account. It also provides a range of retirement investment, and income products and services to retirement plan sponsors in the public, private, and not-for-profit sectors; and group life, long-term and short-term group disability, and group corporate-, bank- and trust-owned life insurance in the United States, primarily to institutional clients for use in connection with employee and membership benefits plans. It also sells accidental death and dismemberment, and other supplemental health solutions, and it provides plan administration services in connection with its insurance coverages.

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