5 Best Beaten Down Dividend Stocks to Invest in Now

4. International Game Technology PLC (NYSE:IGT)

Number of Hedge Fund Holders: 33
Year-to-Date Share Price Decline: 17.5%

International Game Technology PLC (NYSE:IGT) is a multinational gaming company that specializes in gaming products and systems and offers related services to consumers. The company has been making regular dividend payments to shareholders since 1993, which makes IGT one of the best dividend stocks to invest in. It currently offers a quarterly dividend of $0.20 per share and has a dividend yield of 3.54%, as of March 30. Since the beginning of 2024, the stock has fallen by 17.5%.

As of the end of the December quarter of 2023, 33 hedge funds held stakes in International Game Technology PLC (NYSE:IGT), up from 29 in the previous quarter, as per Insider Monkey’s database. The total value of these stakes is over $293.3 million. With nearly 4.3 million shares, Parsifal Capital Management was the company’s leading stakeholder in Q4.

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