5 Best Cheap Dividend Stocks to Buy According to Mario Gabelli

2. Tredegar Corporation (NYSE: TG)

Number of Hedge Fund Holders: 9
Dividend Yield: 3.15%   

Tredegar Corporation (NYSE: TG) is a Richmond-based company that makes plastic films and aluminum extrusions. It was founded in 1955 and is ranked second on our list of 10 best cheap dividend stocks to buy according to Mario Gabelli. Tredegar stock has returned more than 4% to investors in the past month. The hedge fund run by Gabelli owns more than 2.7 million shares in the company worth over $41 million, representing 0.36% of their portfolio. GAMCO activity on Tredegar stock has fallen by 5% since December 2020.

Tredegar Corporation (NYSE: TG) declared a quarterly dividend of $0.12 per share on May 6, in line with previous. The revenue of the company over the first quarter of 2021 was over $178 million, down 3.6% year-on-year. 

Out of the hedge funds being tracked by Insider Monkey, Boston-based firm Arrowstreet Capital is a leading shareholder in Tredegar Corporation (NYSE: TG) with 304,805 shares worth more than $4.5 million.