5 Best Undervalued Dividend Stocks to Buy Now

4. V.F. Corporation (NYSE:VFC)

P/E Ratio: 10.97

V.F. Corporation (NYSE:VFC) is an American multinational apparel and footwear company that manages its 13 brands. In fiscal Q1 2023, the company remained committed to its shareholder return and paid $194 million in dividends. For FY23, it expects to generate over $1.2 billion in cash flow from operations.

V.F. Corporation (NYSE:VFC) holds a 48-year track record of consistent dividend growth, coming through as one of the best dividend stocks to buy now. The company currently pays a quarterly dividend of $0.50 per share and has a dividend yield of 7.18%, as of October 24.

In October, Baird added V.F. Corporation (NYSE:VFC) to its Fresh Pick list and maintained an Outperform rating on the stock with a $45 price target. The firm highlighted the company’s structurally improved business.

As of the end of Q2 2022, 29 hedge funds in Insider Monkey’s database owned stakes in V.F. Corporation (NYSE:VFC), compared with 28 a quarter earlier. These stakes hold a consolidated value of over $316.3 million. With roughly 7 million shares, Diamond Hill Capital owned the largest position in the company in Q2.

Ave Maria mentioned V.F. Corporation (NYSE:VFC) in its Q2 2022 investor letter. Here is what the firm has to say:

“One stock was eliminated from the Fund, V.F. Corporation (NYSE:VFC) (apparel & footwear). Deteriorating fundamentals and sustained weakness in some of the company’s core brands led us to liquidate the position.”