5 Best Undervalued Dividend Stocks To Buy Now

4. The Home Depot, Inc. (NYSE:HD)

Number of Hedge Fund Holders: 68
P/E Ratio as of November 7: 18.39

The Home Depot, Inc. (NYSE:HD) is one of the largest home improvement retail chains in the US. The company has been raising its dividends consistently for the past 13 years, with its current quarterly dividend coming in at $2.09 per share. As of November 7, the stock has a dividend yield of 2.84%.

The Home Depot, Inc. (NYSE:HD) was a part of 68 hedge fund portfolios at the end of Q2 2023, up from 65 in the previous quarter. The total value of stakes owned by these hedge funds is over $2.23 billion. With roughly 2 million shares, Millennium Management was the company’s leading stakeholder in Q2.

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