In this article, we discuss 5 of the best value dividend stocks to buy. If you want to see more of the best value dividend stocks to buy, go directly to 12 Best Value Dividend Stocks To Buy.
5. Crown Castle International Corp. (NYSE:CCI)
Dividend Yield as of 10/24: 5.11%
Number of Hedge Fund Holders: 48
Crown Castle International Corp. (NYSE:CCI) has fallen 41% year to date due to the interest rate increases which have made the firm’s dividend less attractive. The company also faces headwinds such as margin pressure and power cost inflation. Nevertheless, Crown Castle International Corp. (NYSE:CCI) has a dividend yield of 5.11% as of 10/24 and analysts have an average target price of $164.76 per share.
ClearBridge Investments commented on Crown Castle International Corp. (NYSE:CCI) in a first quarter 2022 investor letter,
Crown Castle is the leading independent owner and operator of wireless communications infrastructure in the U.S. with a portfolio of approximately 40,000 towers. The stock underperformed as, driven by rising interest rates, investors rotated away from defensive into more value-oriented sectors. Communications infrastructure remains attractive, however, as companies continue to deploy greater capital spend to support the strong tailwinds from 5G.
4. Capital One Financial Corporation (NYSE:COF)
Dividend Yield as of 10/24: 2.46%
Number of Hedge Fund Holders: 50
Capital One Financial Corporation (NYSE:COF) has fallen almost 33% year to date given that a recession could negatively affect the bank with higher credit losses. In the long term, however, Capital One Financial Corporation (NYSE:COF) has an attractive business and the stock has a dividend yield of 2.46% as of 10/24. Analysts have an average price target of $126.91 per share on Capital One Financial Corporation (NYSE:COF). Harris Associates also owned over 5.14 million shares of Capital One Financial Corporation (NYSE:COF) at the end of Q2 2022.
3. American Tower Corporation (NYSE:AMT)
Dividend Yield as of 10/24: 3.17%
Number of Hedge Fund Holders: 52
American Tower Corporation (NYSE:AMT) has fallen slightly over 36.6% due to the rise in interest rates and as a result, American Tower Corporation (NYSE:AMT) has a dividend yield of 3.17% as of 10/24. Like other data center companies, American Tower Corporation (NYSE:AMT) has long term growth potential but faces headwinds such as margin pressure and power cost inflation. 52 hedge funds in our database of 895 hedge funds owned shares of American Tower Corporation (NYSE:AMT) at the end of Q2 2022, ranking the company #3 on our list of 12 Best Value Dividend Stocks To Buy.
Analysts have an average price target of $270.83 per share.
2. Lowe’s Companies, Inc. (NYSE:LOW)
Dividend Yield as of 10/24: 2.24%
Number of Hedge Fund Holders: 53
Lowe’s Companies, Inc. (NYSE:LOW) is down 27% year to date given that demand for home improvement has softened with the higher mortgage rates. Although there could be more downside in the near term, Lowe’s Companies, Inc. (NYSE:LOW) has a quality business and the stock is arguably a value stock given the forward P/E ratio of 12.99 and average analyst price target of $240.6. Lowe’s Companies, Inc. (NYSE:LOW) also has a dividend yield of 2.24% as of 10/24.
1. NXP Semiconductors N.V. (NASDAQ:NXPI)
Dividend Yield as of 10/24: 2.33%
Number of Hedge Fund Holders: 55
NXP Semiconductors N.V. (NASDAQ:NXPI) ranks #1 on our list of 12 Best Value Dividend Stocks To Buy given that 55 hedge funds held shares of the stock at the end of Q2. NXP Semiconductors N.V. (NASDAQ:NXPI) is arguably a dividend stock given its 2.33% dividend yield as of 10/24. Although analysts think there could be fundamental deterioration for semiconductors in the near term, NXP Semiconductors N.V. (NASDAQ:NXPI) has long term growth potential. Analysts have a target price of $188.31 per share.
You can also take a look at 12 Best Ethical Stocks To Buy Now and 10 Most Valuable Internet Companies in 2000 vs. Today.
