In this article, we discuss 5 best beaten down dividend stocks to invest in. If you want to read our detailed analysis of dividend stocks and their performance in the past, go directly to read 11 Best Beaten Down Dividend Stocks to Invest in Now.
5. Healthcare Realty Trust Incorporated (NYSE:HR)
Number of Hedge Fund Holders: 25
Year-to-Date Share Price Decline: 18.4%
Healthcare Realty Trust Incorporated (NYSE:HR) is a real estate investment trust company that manages properties primarily used for healthcare purposes. On February 13, the company declared a quarterly dividend of $0.31 per share, which was in line with its previous dividend. Though the company has not raised its dividends for some time now, it has been regularly making dividend payments for the past 11 years. With a dividend yield of 8.76% as of March 30, HR is one of the best dividend stocks on our list.
Healthcare Realty Trust Incorporated (NYSE:HR) remained popular among elite funds in Q4 2023. Insider Monkey’s database for the quarter showed that 25 funds held stakes in the company, growing from 17 in the previous quarter. These stakes are collectively worth over $243.4 million.
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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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3. Iridium Communications Inc. (NASDAQ:IRDM)
Number of Hedge Fund Holders: 33
Year-to-Date Share Price Decline: 35.5%
Iridium Communications Inc. (NASDAQ:IRDM) is next on our list of the best dividend stocks. The American mobile phone operator company started paying dividends in 2022 and has paid regular dividends since then. It offers a quarterly dividend of $0.13 per share and has a dividend yield of 1.99%, as of March 30.
At the end of December 2023, 33 hedge funds in Insider Monkey’s database owned stakes in Iridium Communications Inc. (NASDAQ:IRDM), up from 28 in the previous quarter. These stakes are worth over $425.4 million in total.
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2. Vale S.A. (NYSE:VALE)
Number of Hedge Fund Holders: 34
Year-to-Date Share Price Decline: 22.4%
Vale S.A. (NYSE:VALE) is a multinational mining company, based in Brazil. The company is one of the largest producers of nickel, iron ore, and other metals. It currently offers a semi-annual dividend of $0.5519 per share and has a dividend yield of 10.83%, as of March 30. It is among the best dividend stocks on our list.
Vale S.A. (NYSE:VALE) was included in 34 hedge fund portfolios at the end of Q4 2023, which remained unchanged from the previous quarter, according to Insider Monkey’s database. The stakes owned by these hedge funds have a total value of more than $1 billion. With over 18 million shares, Fisher Asset Management was the company’s leading stakeholder in Q4.
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1. Pfizer Inc. (NYSE:PFE)
Number of Hedge Fund Holders: 79
Year-to-Date Share Price Decline: 6.6%
Pfizer Inc. (NYSE:PFE) tops our list of the best dividend stocks to invest in. The multinational biotech company offers a quarterly dividend of $0.42 per share, having raised it by 2.4% in December 2023. Through this increase, the company stretched its dividend growth streak to 14 years. The stock has a dividend yield of 6.05%, as of March 30.
The number of hedge funds tracked by Insider Monkey owning stakes in Pfizer Inc. (NYSE:PFE) jumped to 79 in Q4 2023, from 73 in the previous quarter. The collective value of these stakes is over $2.2 billion.
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You can also take a look at 14 Best Stocks To Buy According to AI and 50 Percent of Billionaire Cooperman’s Portfolio is Invested in These 12 Dividend Stocks