5 Best Cheap Dividend Stocks to Buy According to Mario Gabelli

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In this article we discuss the 5 best cheap dividend stocks to buy according to Mario Gabelli. If you want to read our detailed analysis of Gabelli‘s history, and hedge fund performance, go directly to the 10 Best Cheap Dividend Stocks to Buy According to Mario Gabelli.

At Insider Monkey we leave no stone unturned when looking for the next great investment idea. For example, advertising technology one of the fastest growing industries right now, so we are checking out stock pitches like this under-the-radar adtech stock that can deliver 10x gains. We go through lists like the 10 best hydrogen fuel cell stocks to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our homepage. Keeping this in mind, let’s now take a look at the 5 best cheap dividend stocks to buy:

5. NortonLifeLock Inc. (NASDAQ: NLOK)

Number of Hedge Fund Holders: 32
Dividend Yield: 2.31%

NortonLifeLock Inc. (NASDAQ: NLOK) is an Arizona-based software company founded in 1982. It is ranked fifth on our list of 10 best cheap dividend stocks to buy according to Mario Gabelli. Norton stock has returned more than 41% to investors over the course of the past twelve months. GAMCO Investors owns 232,700 shares in the firm that are worth close to $5 million, representing 0.04% of their portfolio. GAMCO activity on Norton stock has increased by 178% over the past months.

In February, NortonLifeLock Inc. (NASDAQ: NLOK) declared a quarterly dividend of $0.125 per share, in line with previous. In earnings results for the first quarter, the company posted earnings per share of $0.40, beating market predictions by $0.10. 

At the end of the first quarter of 2021, 32 hedge funds in the database of Insider Monkey held stakes worth $1.02 billion in NortonLifeLock Inc. (NASDAQ: NLOK), up from 29 in the preceding quarter worth $1 billion. 


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