5 Dividend Stocks That Are Too Cheap To Ignore

In this article, we discuss 5 dividend stocks that are too cheap to ignore. If you want to read our detailed analysis of dividend stocks and their returns in the past, go directly to read 10 Dividend Stocks That Are Too Cheap To Ignore. 

5. Matthews International Corporation (NASDAQ:MATW)

Share Price as of October 10: $22.23

Matthews International Corporation (NASDAQ:MATW) is a provider of brand solutions and offers its services globally. In June, the company announced the acquisition of two German engineering firms which have combined annual revenue of over $100 million. This step was taken to enhance the company’s combined engineering capabilities.

Matthews International Corporation (NASDAQ:MATW) has been raising its dividends consistently for the past 23 years and its five-year dividend CAGR stands at 5.29%. This makes the company one of the best dividend stocks on our list. Currently, it pays a quarterly dividend of $0.22 per share and has a yield of 3.96%, as recorded on October 10.

In July, B. Riley maintained its Buy rating on Matthews International Corporation (NASDAQ:MATW) with a $22 price target, highlighting the company’s fiscal Q3 results. The firm acknowledged the company’s balance sheet and its improving fundamentals.

At the end of Q2 2022, 17 hedge funds tracked by Insider Monkey owned stakes in Matthews International Corporation (NASDAQ:MATW), up from 15 in the previous quarter. The collective value of these stakes is over $52 million. Among these hedge funds, GAMCO Investors owned the largest position in the company in Q2.