5 Best Beaten Down Dividend Stocks to Buy

4. Morgan Stanley (NYSE:MS)

Number of Hedge Fund Holders: 54
1-Year Share Price Decline as of October 18: 3.55%

Morgan Stanley (NYSE:MS) is a global financial services firm that offers a wide range of financial and investment services. On October 17, the company declared a quarterly dividend of $0.85 per share, which was in line with its previous dividend. The stock’s dividend yield on October 18 came in at 4.54%.

As of the end of Q2 2023, 54 hedge funds tracked by Insider Monkey reported owning stakes in Morgan Stanley (NYSE:MS), up from 51 in the preceding quarter. The consolidated value of these stakes is more than $780.8 million. Among these hedge funds, Adage Capital Management was one of the company’s leading stakeholders in Q2.

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