5 Dividend Stocks to Buy According to Marc Majzner’s Clearline Capital

In this article, we will discuss the 5 dividend stocks to buy according to Marc Majzner’s Clearline Capital. If you want to read our detailed analysis of Majzner’s history, investment philosophy, and hedge fund performance, go directly to the 9 Dividend Stocks to Buy According to Marc Majzner’s Clearline Capital.

5. Foot Locker, Inc. (NYSE:FL)

Clearline Capital Stake Value: $2,645,000
Percentage of Clearline Capital’s 13F Portfolio: 0.39%
Number of Hedge Fund Holders: 31
Dividend Yield: 2.55%

Foot Locker, Inc. (NYSE:FL) operates as an athletic footwear and clothing store through its subsidiaries. The company has paid a regular and healthy dividend since 2003. On August 17, Foot Locker, Inc. (NYSE:FL) declared a quarterly dividend of $0.30 per share, a 50% increase from previous dividend of $0.20.

On October 5, Cowen analyst John Kernan reduced Foot Locker’s price objective to $61 from $82 and reiterated an “Outperform” rating on Foot Locker, Inc. (NYSE:FL) stock.