5 Cheap Dividend Stocks to Buy Now

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In this article, we take a look at 5 cheap dividend stocks to buy now. If you want to see our detailed analysis of these stocks, the performance of dividend stocks, and how dividend investing works, you can skip ahead to 10 Cheap Dividend Stocks to Buy Now.

5. SFL Corporation Ltd. (NYSE:SFL)

Number of Hedge Fund Holders: 13

Dividend Yield: 7.94%

Share Price as of November 16: $9.03

SFL Corporation Ltd. (NYSE:SFL) engages in the ownership, operation, and chartering out of vessels and offshore-related assets on medium and long-term charters. The company was incorporated in 2003 and is based in Hamilton, Bermuda.

On November 11, 2021, DNB Markets analyst Mats Bye upgraded SFL Corporation Ltd. (NYSE:SFL) from a Hold rating to Buy and gave the stock a price target of $9, up from $8. SFL Corporation Ltd. (NYSE:SFL) pays an annual dividend of $0.60 per share, which brings its forward yield to 7.94%. On top of this, the stock’s annual dividend is higher than the US Marine Shipping industry average of 3.93% and the US market average of 4.24%, which is why it is one of the 10 cheap dividend stocks to buy now.

By the end of the third quarter of 2021, 13 hedge funds had invested in SFL Corporation Ltd. (NYSE:SFL). The total stakes of these hedge funds were $57.4 million. In the second quarter of 2021, 18 hedge funds held stakes in the company, worth $54.04 million. Comparing these numbers, we can realize that the hedge fund sentiment for the stock is positive.

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